Roberts Glore & Co. Inc. IL reduced its stake in shares of Target Co. (NYSE:TGT) by 28.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,580 shares of the retailer’s stock after selling 1,395 shares during the quarter. Roberts Glore & Co. Inc. IL’s holdings in Target were worth $332,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. IMA Wealth Inc. bought a new position in Target during the 1st quarter worth $28,000. Hall Laurie J Trustee grew its stake in Target by 118.2% during the 4th quarter. Hall Laurie J Trustee now owns 240 shares of the retailer’s stock worth $31,000 after buying an additional 130 shares during the last quarter. Howard Wealth Management LLC bought a new position in Target during the 4th quarter worth $32,000. Retirement Network acquired a new position in Target during the 4th quarter worth $35,000. Finally, Pacitti Group Inc. acquired a new position in Target during the 4th quarter worth $37,000. Hedge funds and other institutional investors own 80.49% of the company’s stock.
TGT has been the subject of a number of analyst reports. Telsey Advisory Group reiterated an “outperform” rating on shares of Target in a research report on Wednesday, February 26th. Bank of America boosted their price target on Target from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley boosted their price target on Target from $105.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday. Nomura Instinet boosted their price target on Target from $121.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Cowen reiterated a “buy” rating and set a $150.00 price target on shares of Target in a research report on Wednesday, April 8th. Eight equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. Target presently has an average rating of “Buy” and a consensus target price of $128.21.
Shares of NYSE TGT traded down $1.19 during mid-day trading on Friday, hitting $117.49. 4,835,356 shares of the company traded hands, compared to its average volume of 5,780,963. Target Co. has a 1 year low of $76.86 and a 1 year high of $130.24. The stock has a market capitalization of $59.32 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 4.03 and a beta of 0.75. The company has a quick ratio of 0.27, a current ratio of 1.01 and a debt-to-equity ratio of 1.46. The business has a 50 day moving average of $109.72 and a two-hundred day moving average of $114.20.
Target (NYSE:TGT) last announced its earnings results on Wednesday, May 20th. The retailer reported $0.59 EPS for the quarter, beating the consensus estimate of $0.40 by $0.19. Target had a return on equity of 24.17% and a net margin of 3.46%. The business had revenue of $19.37 billion during the quarter, compared to the consensus estimate of $19.04 billion. During the same period in the prior year, the business posted $1.53 earnings per share. Target’s revenue was up 11.3% compared to the same quarter last year. As a group, research analysts anticipate that Target Co. will post 4.62 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Tuesday, May 19th. Target’s dividend payout ratio is 41.31%.
Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise.
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