USA Financial Formulas Sells 83 Shares of Target Co. (NYSE:TGT)

USA Financial Formulas lowered its position in Target Co. (NYSE:TGT) by 4.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,672 shares of the retailer’s stock after selling 83 shares during the quarter. USA Financial Formulas’ holdings in Target were worth $226,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC increased its stake in Target by 8.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 48,982 shares of the retailer’s stock valued at $7,241,000 after acquiring an additional 3,694 shares during the last quarter. Waterloo Capital L.P. increased its stake in Target by 22.5% in the second quarter. Waterloo Capital L.P. now owns 7,551 shares of the retailer’s stock valued at $1,118,000 after acquiring an additional 1,388 shares during the last quarter. Elo Mutual Pension Insurance Co increased its stake in Target by 2.4% in the second quarter. Elo Mutual Pension Insurance Co now owns 43,199 shares of the retailer’s stock valued at $6,395,000 after acquiring an additional 1,016 shares during the last quarter. Miramar Capital LLC increased its stake in Target by 0.4% in the second quarter. Miramar Capital LLC now owns 80,194 shares of the retailer’s stock valued at $11,872,000 after acquiring an additional 285 shares during the last quarter. Finally, Somerset Group LLC increased its stake in Target by 63.0% in the second quarter. Somerset Group LLC now owns 2,396 shares of the retailer’s stock valued at $355,000 after acquiring an additional 926 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

TGT has been the topic of a number of research analyst reports. HSBC cut Target from a “buy” rating to a “hold” rating and set a $138.00 target price on the stock. in a research note on Wednesday, November 20th. BMO Capital Markets cut their price target on shares of Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research report on Thursday, November 21st. Piper Sandler cut 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. Guggenheim cut their price target on shares of Target from $180.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Target from a “buy” rating to a “hold” rating and cut their price target for the company from $184.00 to $108.00 in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $160.57.

Target Stock Performance

Shares of TGT opened at $133.06 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target Co. has a one year low of $120.21 and a one year high of $181.86. The company has a 50-day simple moving average of $136.81 and a two-hundred day simple moving average of $145.31. The firm has a market capitalization of $60.97 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 2.32 and a beta of 1.16.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS 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 analysts’ expectations of $25.87 billion. During the same quarter last year, the business earned $2.10 earnings per share. The business’s quarterly revenue was up .9% on a year-over-year basis. On average, analysts anticipate that Target Co. will post 8.6 EPS for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio 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.