Target Co. (NYSE:TGT) Holdings Raised by Xponance Inc.

Xponance Inc. lifted its stake in shares of Target Co. (NYSE:TGT) by 3.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 71,447 shares of the retailer’s stock after acquiring an additional 2,677 shares during the period. Xponance Inc.’s holdings in Target were worth $9,658,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of TGT. State Street Corp grew its holdings in Target by 8.3% during the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after acquiring an additional 2,732,801 shares during the period. FMR LLC grew its holdings in Target by 11.7% during the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after acquiring an additional 1,046,044 shares during the period. Geode Capital Management LLC grew its holdings in Target by 1.4% during the third quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock worth $1,461,456,000 after acquiring an additional 130,691 shares during the period. Bank of New York Mellon Corp grew its holdings in Target by 6.5% during the fourth quarter. Bank of New York Mellon Corp now owns 3,832,585 shares of the retailer’s stock worth $518,089,000 after acquiring an additional 234,409 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Target by 1.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,321,055 shares of the retailer’s stock worth $517,620,000 after acquiring an additional 62,916 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Target Stock Performance

Shares of NYSE:TGT opened at $104.55 on Wednesday. The business’s fifty day moving average price is $127.98 and its two-hundred day moving average price is $138.95. Target Co. has a fifty-two week low of $103.46 and a fifty-two week high of $181.86. The stock has a market capitalization of $47.63 billion, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. 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 announced its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $30.92 billion for the quarter, compared to analysts’ expectations of $30.83 billion. As a group, analysts predict that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio is currently 50.56%.

Wall Street Analysts Forecast Growth

TGT has been the topic of a number of research analyst reports. Jefferies Financial Group lowered their target price on Target from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Gordon Haskett lowered Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Truist Financial dropped their price target on Target from $134.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday, March 5th. Wells Fargo & Company dropped their price target on Target from $150.00 to $135.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. Finally, Daiwa Capital Markets cut Target from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $170.00 to $130.00 in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $145.87.

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.