Target Co. (NYSE:TGT) Shares Sold by RFG Advisory LLC

RFG Advisory LLC lowered its holdings in Target Co. (NYSE:TGT) by 9.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,300 shares of the retailer’s stock after selling 459 shares during the period. RFG Advisory LLC’s holdings in Target were worth $581,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TGT. Thrivent Financial for Lutherans increased its holdings in shares of Target by 1.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock worth $4,368,000 after buying an additional 490 shares during the last quarter. D.A. Davidson & CO. increased its stake in Target by 8.6% during the third quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock worth $18,619,000 after acquiring an additional 9,510 shares during the last quarter. Prana Capital Management LP raised its holdings in shares of Target by 47.5% in the 3rd quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock worth $33,834,000 after purchasing an additional 69,885 shares during the period. Polianta Ltd lifted its stake in shares of Target by 39.2% in the 4th quarter. Polianta Ltd now owns 10,300 shares of the retailer’s stock valued at $1,392,000 after purchasing an additional 2,900 shares in the last quarter. Finally, Leibman Financial Services Inc. purchased a new stake in shares of Target during the 4th quarter worth about $2,272,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TGT. BMO Capital Markets reduced their price target on shares of Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research report on Thursday, November 21st. Piper Sandler decreased their price target on shares of Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. StockNews.com raised Target from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. decreased their target price on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Finally, Citigroup raised their target price on Target from $130.00 to $133.00 and gave the company a “neutral” rating in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, Target presently has a consensus rating of “Hold” and an average target price of $158.57.

Target Stock Up 3.3 %

Shares of Target stock opened at $142.44 on Tuesday. The stock has a market capitalization of $65.27 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 2.21 and a beta of 1.16. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The business’s 50 day simple moving average is $134.37 and its 200-day simple moving average is $144.79.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. During the same period in the prior year, the business earned $2.10 earnings per share. Target’s quarterly revenue was up .9% on a year-over-year basis. Equities research analysts forecast that Target Co. will post 8.68 earnings per share for the current year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is 47.51%.

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.