Target Co. (NYSE:TGT) Shares Bought by Calamos Advisors LLC

Calamos Advisors LLC grew its stake in Target Co. (NYSE:TGT) by 0.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 188,197 shares of the retailer’s stock after purchasing an additional 145 shares during the quarter. Calamos Advisors LLC’s holdings in Target were worth $25,440,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new stake in shares of Target in the third quarter valued at approximately $28,000. Wolff Wiese Magana LLC increased its stake in shares of Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after acquiring an additional 133 shares during the last quarter. FSA Wealth Management LLC purchased a new position in shares of Target during the 3rd quarter worth $36,000. Catalyst Capital Advisors LLC acquired a new position in shares of Target during the 3rd quarter valued at about $38,000. Finally, MCF Advisors LLC grew its holdings in shares of Target by 175.3% in the fourth 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. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Stock Performance

TGT opened at $134.24 on Tuesday. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86. The business’s 50 day moving average is $134.80 and its 200-day moving average is $144.33. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The stock has a market cap of $61.51 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 2.24 and a beta of 1.16.

Target (NYSE:TGT) last released its earnings results 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 net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. During the same period in the previous year, the business posted $2.10 EPS. The firm’s quarterly revenue was up .9% on a year-over-year basis. On average, analysts predict that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio is presently 47.51%.

Analyst Ratings Changes

A number of research firms have commented on TGT. Daiwa America downgraded Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Wells Fargo & Company decreased their price objective on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft lowered Target from a “buy” rating to a “hold” rating and lowered their price target for the stock from $184.00 to $108.00 in a research report on Wednesday, November 20th. Stifel Nicolaus increased their target price on Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Finally, Piper Sandler dropped their target price on Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $157.70.

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.