Narwhal Capital Management grew its stake in shares of Target Co. (NYSE:TGT – Free Report) by 0.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 36,679 shares of the retailer’s stock after buying an additional 343 shares during the quarter. Narwhal Capital Management’s holdings in Target were worth $4,958,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in TGT. State Street Corp lifted its position in Target by 8.3% during the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after purchasing an additional 2,732,801 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Target by 9,940.6% in the 3rd quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock worth $311,937,000 after buying an additional 1,981,458 shares during the last quarter. Two Sigma Advisers LP grew its holdings in shares of Target by 173.2% in the third quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock worth $369,295,000 after acquiring an additional 1,502,200 shares during the period. FMR LLC increased its position in Target by 11.7% during the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after acquiring an additional 1,046,044 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC lifted its holdings in Target by 773.1% in the third quarter. Worldquant Millennium Advisors LLC now owns 832,766 shares of the retailer’s stock valued at $129,795,000 after acquiring an additional 737,384 shares during the period. 79.73% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. Sanford C. Bernstein started coverage on Target in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 price target for the company. StockNews.com raised shares of Target from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Truist Financial lifted their price target on shares of Target from $129.00 to $134.00 and gave the stock a “hold” rating in a research note on Friday, January 17th. Oppenheimer restated an “outperform” rating and issued a $165.00 price objective on shares of Target in a research note on Monday, November 25th. Finally, Stifel Nicolaus lifted their target price on Target from $137.00 to $145.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Target has a consensus rating of “Hold” and an average target price of $158.57.
Target Trading Up 0.5 %
TGT stock opened at $137.99 on Monday. The firm has a fifty day moving average price of $134.37 and a 200 day moving average price of $144.80. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The firm has a market cap of $63.23 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 2.21 and a beta of 1.16. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94.
Target (NYSE:TGT – Get Free Report) last issued its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The business had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the business earned $2.10 earnings per share. Sell-side analysts anticipate that Target Co. will post 8.68 earnings per share for the current fiscal year.
Target Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.25%. Target’s dividend payout ratio (DPR) is presently 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.
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