Quent Capital LLC Has $393,000 Stock Position in Target Co. (NYSE:TGT)

Quent Capital LLC cut its holdings in shares of Target Co. (NYSE:TGT) by 10.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,910 shares of the retailer’s stock after selling 343 shares during the quarter. Quent Capital LLC’s holdings in Target were worth $393,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TGT. Thrivent Financial for Lutherans boosted its holdings in shares of Target by 1.8% during the third quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock worth $4,368,000 after purchasing an additional 490 shares during the period. Wilmington Savings Fund Society FSB lifted its position in Target by 25.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock worth $2,430,000 after buying an additional 3,590 shares in the last quarter. Northeast Financial Group Inc. acquired a new stake in shares of Target during the 4th quarter valued at $1,566,000. D.A. Davidson & CO. grew its holdings in shares of Target by 8.6% during the 3rd quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock valued at $18,619,000 after acquiring an additional 9,510 shares in the last quarter. Finally, Prana Capital Management LP increased its stake in shares of Target by 47.5% in the third quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock worth $33,834,000 after acquiring an additional 69,885 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Up 0.9 %

Shares of TGT opened at $132.44 on Wednesday. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The stock has a market cap of $60.68 billion, a price-to-earnings ratio of 14.04, a P/E/G ratio of 2.04 and a beta of 1.15. The company has a 50-day moving average price of $135.24 and a two-hundred day moving average price of $143.67. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS 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 during the quarter, compared to analyst estimates of $25.87 billion. During the same period in the prior year, the firm earned $2.10 EPS. Target’s quarterly revenue was up .9% compared to the same quarter last year. Equities analysts predict that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 3.38%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio is currently 47.51%.

Analyst Ratings Changes

A number of analysts recently issued reports on TGT shares. Citigroup lifted their price objective on Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. HSBC lowered Target from a “buy” rating to a “hold” rating and set a $138.00 price target for the company. in a report on Wednesday, November 20th. Roth Mkm dropped their price objective on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Piper Sandler reduced their target price on shares of Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Target from a “buy” rating to a “hold” rating and dropped their price target for the stock from $184.00 to $108.00 in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $157.70.

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.