Sei Investments Co. Has $23.80 Million Holdings in Target Co. (NYSE:TGT)

Sei Investments Co. lowered its position in Target Co. (NYSE:TGT) by 26.2% during the fourth quarter, Holdings Channel reports. The firm owned 176,036 shares of the retailer’s stock after selling 62,556 shares during the period. Sei Investments Co.’s holdings in Target were worth $23,802,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in Target in the third quarter valued at $28,000. Hopwood Financial Services Inc. bought a new position in shares of Target in the 4th quarter worth about $29,000. FSA Wealth Management LLC acquired a new position in shares of Target in the 3rd quarter valued at about $36,000. MCF Advisors LLC lifted its stake in shares of Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares during the period. Finally, Raleigh Capital Management Inc. boosted its position in shares of Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after purchasing an additional 135 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TGT shares. Roth Mkm reiterated a “neutral” rating and issued a $122.00 target price (down from $131.00) on shares of Target in a report on Wednesday, March 5th. JPMorgan Chase & Co. lowered their price objective on shares of Target from $146.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday, March 5th. Bank of America cut their target price on shares of Target from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Evercore ISI decreased their price target on shares of Target from $135.00 to $130.00 and set an “in-line” rating for the company in a research note on Wednesday, March 5th. Finally, Truist Financial cut their price objective 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 issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $145.55.

Target Stock Up 0.6 %

Shares of NYSE:TGT opened at $106.05 on Thursday. The company has a market capitalization of $48.32 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. Target Co. has a 1 year low of $101.76 and a 1 year high of $181.86. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The business has a fifty day moving average price of $124.09 and a two-hundred day moving average price of $137.08.

Target (NYSE:TGT) last posted its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.17. The company had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Analysts forecast that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

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 paid a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.22%. Target’s payout ratio is presently 50.56%.

Target 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.