Target Co. (NYSE:TGT) Shares Sold by Journey Strategic Wealth LLC

Journey Strategic Wealth LLC lowered its stake in Target Co. (NYSE:TGT) by 8.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,611 shares of the retailer’s stock after selling 143 shares during the quarter. Journey Strategic Wealth LLC’s holdings in Target were worth $218,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. State Street Corp lifted its holdings in Target by 8.3% in the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after acquiring an additional 2,732,801 shares during the last quarter. FMR LLC lifted its holdings in Target by 11.7% in the 3rd quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after acquiring an additional 1,046,044 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Target by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock valued at $1,461,456,000 after acquiring an additional 130,691 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Target by 1.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,321,055 shares of the retailer’s stock valued at $517,620,000 after acquiring an additional 62,916 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Target by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,053,471 shares of the retailer’s stock valued at $475,914,000 after acquiring an additional 56,695 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Ratings Changes

TGT has been the topic of several analyst reports. Guggenheim lifted their target price on shares of Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Bank of America cut their target price on shares of Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. Piper Sandler decreased their target price on Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Daiwa Capital Markets downgraded Target from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $170.00 to $130.00 in a research note on Tuesday, November 26th. Finally, TD Cowen lowered their target price on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, Target has an average rating of “Hold” and an average target price of $157.70.

Target Price Performance

TGT opened at $134.24 on Tuesday. The stock has a fifty day simple moving average of $134.80 and a two-hundred day simple moving average of $144.33. 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 company has a market cap of $61.51 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth 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 issued its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter in the previous year, the business earned $2.10 earnings per share. Target’s revenue was up .9% compared to the same quarter last year. Research analysts predict that Target Co. will post 8.69 earnings per share for the current fiscal 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 issued a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.34%. Target’s payout ratio is 47.51%.

About Target

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.