Target Co. (NYSE:TGT) Shares Sold by Smith Moore & CO.

Smith Moore & CO. lowered its position in Target Co. (NYSE:TGT) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,461 shares of the retailer’s stock after selling 131 shares during the period. Smith Moore & CO.’s holdings in Target were worth $333,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Nicholas Company Inc. grew its stake in Target by 20.5% in the 4th quarter. Nicholas Company Inc. now owns 55,810 shares of the retailer’s stock valued at $7,544,000 after acquiring an additional 9,485 shares during the last quarter. River Road Asset Management LLC grew its position in shares of Target by 144.9% in the fourth quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer’s stock valued at $31,699,000 after purchasing an additional 138,751 shares during the last quarter. Mountain Hill Investment Partners Corp. acquired a new position in shares of Target during the 4th quarter worth approximately $6,459,000. Wilmington Savings Fund Society FSB lifted its stake in Target by 25.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock valued at $2,430,000 after buying an additional 3,590 shares in the last quarter. Finally, Stevens Capital Management LP grew its holdings in Target by 185.4% during the 4th quarter. Stevens Capital Management LP now owns 14,628 shares of the retailer’s stock valued at $1,977,000 after buying an additional 9,502 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on TGT shares. Stifel Nicolaus cut their price target on Target from $130.00 to $120.00 and set a “hold” rating for the company in a report on Thursday, March 20th. Roth Capital set a $122.00 target price on shares of Target in a report on Wednesday, March 5th. DA Davidson decreased their price target on shares of Target from $153.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. KGI Securities set a $132.00 price objective on shares of Target in a research report on Wednesday, March 5th. Finally, Truist Financial decreased their target price on shares of Target from $134.00 to $124.00 and set a “hold” rating on the stock in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $140.24.

Target Stock Up 1.5 %

TGT stock opened at $95.70 on Friday. The company has a market capitalization of $43.60 billion, a P/E ratio of 10.15, a PEG ratio of 1.94 and a beta of 1.28. The firm has a 50 day simple moving average of $119.41 and a 200-day simple moving average of $134.73. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target Co. has a twelve month low of $90.62 and a twelve month high of $173.05.

Target (NYSE:TGT) last released its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. On average, equities research analysts predict that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s dividend payout ratio is presently 50.56%.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.