Target Co. (NYSE:TGT) Stock Holdings Decreased by Mather Group LLC.

Mather Group LLC. cut its holdings in Target Co. (NYSE:TGT) by 1.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 99,267 shares of the retailer’s stock after selling 1,088 shares during the period. Mather Group LLC.’s holdings in Target were worth $17,591,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Target in the 4th quarter valued at about $28,000. Private Wealth Management Group LLC acquired a new position in Target during the 4th quarter valued at about $29,000. Rakuten Securities Inc. acquired a new position in Target during the 4th quarter valued at about $29,000. Scarborough Advisors LLC purchased a new stake in shares of Target in the 4th quarter valued at approximately $29,000. Finally, Pacific Capital Wealth Advisors Inc. purchased a new stake in shares of Target in the 4th quarter valued at approximately $33,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Performance

Target stock traded down $2.43 during mid-day trading on Wednesday, reaching $142.54. The company had a trading volume of 2,969,474 shares, compared to its average volume of 4,997,087. The company has a 50 day moving average of $155.71 and a 200-day moving average of $152.63. The firm has a market cap of $65.94 billion, a price-to-earnings ratio of 16.00, a PEG ratio of 1.36 and a beta of 1.20. Target Co. has a 52 week low of $102.93 and a 52 week high of $181.86. The company has a quick ratio of 0.27, a current ratio of 0.86 and a debt-to-equity ratio of 0.97.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, May 22nd. The retailer reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.02). The business had revenue of $24.14 billion for the quarter, compared to the consensus estimate of $24.52 billion. Target had a return on equity of 31.91% and a net margin of 3.87%. Target’s revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.05 earnings per share. On average, sell-side analysts expect that Target Co. will post 9.32 EPS for the current fiscal year.

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st will be issued a dividend of $1.12 per share. This is an increase from Target’s previous quarterly dividend of $1.10. This represents a $4.48 annualized dividend and a yield of 3.14%. The ex-dividend date is Wednesday, August 21st. Target’s dividend payout ratio (DPR) is currently 49.38%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Royal Bank of Canada reduced their price target on shares of Target from $191.00 to $181.00 and set an “outperform” rating for the company in a research report on Thursday, May 23rd. Truist Financial dropped their price objective on shares of Target from $160.00 to $153.00 and set a “hold” rating on the stock in a research note on Thursday, May 23rd. Gordon Haskett upped their price objective on shares of Target from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Tigress Financial upped their price objective on shares of Target from $180.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Finally, Roth Mkm reiterated a “neutral” rating and issued a $153.00 price objective on shares of Target in a research note on Thursday, May 23rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $178.11.

Insider Activity at Target

In related news, insider Christina Hennington sold 4,600 shares of Target stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $170.88, for a total transaction of $786,048.00. Following the completion of the transaction, the insider now directly owns 38,487 shares of the company’s stock, valued at approximately $6,576,658.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is currently owned by insiders.

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.