Haverford Trust Co Sells 255 Shares of Target Co. (NYSE:TGT)

Haverford Trust Co lowered its position in shares of Target Co. (NYSE:TGT) by 0.8% in the fourth quarter, HoldingsChannel reports. The fund owned 31,489 shares of the retailer’s stock after selling 255 shares during the period. Haverford Trust Co’s holdings in Target were worth $4,257,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in shares of Target in the third quarter valued at about $28,000. Hopwood Financial Services Inc. bought a new position in Target in the fourth quarter valued at approximately $29,000. MCF Advisors LLC increased its position in shares of Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares during the last quarter. Raleigh Capital Management Inc. raised its stake in shares of Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after purchasing an additional 135 shares in the last quarter. Finally, FSA Wealth Management LLC acquired a new stake in shares of Target in the 3rd quarter valued at approximately $36,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TGT has been the topic of several analyst reports. Bank of America dropped their price target on shares of Target from $160.00 to $145.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. The Goldman Sachs Group dropped their target price on shares of Target from $166.00 to $142.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Gordon Haskett cut Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Truist Financial dropped their price objective on Target from $134.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday, March 5th. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of Target in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $145.55.

Target Price Performance

Shares of NYSE:TGT opened at $108.43 on Tuesday. The firm has a 50 day moving average of $125.28 and a 200-day moving average of $137.62. Target Co. has a 12 month low of $101.76 and a 12 month high of $181.86. 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 capitalization of $49.40 billion, a PE ratio of 11.50, a PEG ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. On average, equities research analysts predict that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio is presently 50.56%.

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.