Yousif Capital Management LLC Sells 5,768 Shares of Target Co. (NYSE:TGT)

Yousif Capital Management LLC cut its stake in Target Co. (NYSE:TGT) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 112,703 shares of the retailer’s stock after selling 5,768 shares during the quarter. Yousif Capital Management LLC’s holdings in Target were worth $15,235,000 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. 1858 Wealth Management LLC lifted its holdings in Target by 46.4% during the fourth quarter. 1858 Wealth Management LLC now owns 3,234 shares of the retailer’s stock valued at $437,000 after purchasing an additional 1,025 shares in the last quarter. Avitas Wealth Management LLC lifted its holdings in Target by 0.5% during the fourth quarter. Avitas Wealth Management LLC now owns 29,707 shares of the retailer’s stock valued at $4,016,000 after purchasing an additional 156 shares in the last quarter. E. Ohman J or Asset Management AB lifted its holdings in Target by 13.8% during the fourth quarter. E. Ohman J or Asset Management AB now owns 20,660 shares of the retailer’s stock valued at $2,793,000 after purchasing an additional 2,500 shares in the last quarter. Mather Group LLC. lifted its holdings in Target by 5.2% during the fourth quarter. Mather Group LLC. now owns 97,178 shares of the retailer’s stock valued at $13,137,000 after purchasing an additional 4,842 shares in the last quarter. Finally, Welch Group LLC lifted its holdings in Target by 1.7% during the fourth quarter. Welch Group LLC now owns 42,199 shares of the retailer’s stock valued at $5,699,000 after purchasing an additional 710 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TGT shares. Sanford C. Bernstein lifted their price target on shares of Target from $139.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, January 28th. Piper Sandler lowered their target price on shares of Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Telsey Advisory Group reissued an “outperform” rating and issued a $150.00 target price on shares of Target in a report on Friday, January 17th. Evercore ISI lowered their target price on shares of Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a report on Thursday, November 21st. Finally, Truist Financial boosted their target price on shares of Target from $129.00 to $134.00 and gave the stock a “hold” rating in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $157.70.

Target Trading Up 1.1 %

NYSE TGT opened at $135.57 on Wednesday. The company’s 50-day moving average price is $134.87 and its 200-day moving average price is $144.21. 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 $62.12 billion, a PE ratio of 14.38, a PEG ratio of 2.24 and a beta of 1.15. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. During the same period last year, the company earned $2.10 earnings per share. The firm’s revenue was up .9% compared to the same quarter last year. Equities research analysts forecast that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors 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 yield of 3.30%. The ex-dividend date of this dividend is Wednesday, February 12th. 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.