Target Co. (NYSE:TGT) Position Lowered by D L Carlson Investment Group Inc.

D L Carlson Investment Group Inc. trimmed its position in Target Co. (NYSE:TGT) by 8.2% in the fourth quarter, Holdings Channel reports. The firm owned 3,179 shares of the retailer’s stock after selling 285 shares during the quarter. D L Carlson Investment Group Inc.’s holdings in Target were worth $430,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in shares of Target in the 3rd quarter valued at approximately $28,000. Hopwood Financial Services Inc. bought a new position in shares of Target during the fourth quarter valued at approximately $29,000. FSA Wealth Management LLC acquired a new position in Target during the 3rd quarter valued at approximately $36,000. MCF Advisors LLC grew its stake in Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after buying an additional 163 shares during the last quarter. Finally, Raleigh Capital Management Inc. increased its position in Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after buying an additional 135 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Down 2.7 %

NYSE TGT opened at $103.63 on Monday. Target Co. has a 1-year low of $101.76 and a 1-year 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’s 50 day moving average is $122.96 and its two-hundred day moving average is $136.39. The company has a market capitalization of $47.21 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last issued its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. The company had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Equities analysts forecast that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a yield of 4.32%. Target’s dividend payout ratio (DPR) is presently 50.56%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TGT shares. Truist Financial lowered their price target on shares of Target from $134.00 to $124.00 and set a “hold” rating for the company in a research report on Wednesday, March 5th. Bank of America cut their price target on Target from $160.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Piper Sandler lowered their target price on shares of Target from $132.00 to $124.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. Evercore ISI dropped their price objective on Target from $135.00 to $130.00 and set an “in-line” rating on the stock in a research note on Wednesday, March 5th. Finally, Roth Capital set a $122.00 target price on shares of Target in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $143.40.

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.