MassMutual Private Wealth & Trust FSB Has $3.16 Million Stock Holdings in Target Co. (NYSE:TGT)

MassMutual Private Wealth & Trust FSB lowered its holdings in shares of Target Co. (NYSE:TGT) by 19.0% in the 4th quarter, HoldingsChannel reports. The firm owned 23,396 shares of the retailer’s stock after selling 5,499 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Target were worth $3,163,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Corundum Group Inc. grew its position in shares of Target by 3.7% during the 4th quarter. Corundum Group Inc. now owns 6,800 shares of the retailer’s stock worth $919,000 after buying an additional 241 shares during the period. Uncommon Cents Investing LLC boosted its stake in Target by 18.4% during the fourth quarter. Uncommon Cents Investing LLC now owns 24,440 shares of the retailer’s stock worth $3,304,000 after acquiring an additional 3,792 shares in the last quarter. Community Bank of Raymore grew its holdings in Target by 36.6% in the fourth quarter. Community Bank of Raymore now owns 4,850 shares of the retailer’s stock worth $656,000 after purchasing an additional 1,300 shares during the period. M.E. Allison & CO. Inc. bought a new stake in Target in the fourth quarter valued at $1,453,000. Finally, Lincoln Capital LLC acquired a new position in shares of Target during the fourth quarter valued at about $210,000. 79.73% of the stock is currently owned by institutional investors.

Target Trading Up 0.3 %

Shares of TGT stock opened at $133.62 on Tuesday. The stock has a market capitalization of $61.22 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 2.32 and a beta of 1.16. The company’s fifty day simple moving average is $136.13 and its two-hundred day simple moving average is $145.15. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. 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 (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The company had revenue of $25.23 billion for 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 revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the company posted $2.10 EPS. As a group, analysts anticipate that Target Co. will post 8.6 earnings per share for the current year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is presently 47.51%.

Analyst Ratings Changes

TGT has been the subject of a number of research analyst reports. BMO Capital Markets decreased their target price on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft downgraded Target from a “buy” rating to a “hold” rating and decreased their price objective for the company from $184.00 to $108.00 in a 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 report on Tuesday, December 10th. Hsbc Global Res lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Piper Sandler dropped their price objective on shares of Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a research note 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, Target presently has a consensus rating of “Hold” and an average price target of $158.23.

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.