Carlson Capital Management Has $310,000 Position in Target Co. (NYSE:TGT)

Carlson Capital Management lowered its stake in shares of Target Co. (NYSE:TGT) by 63.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,293 shares of the retailer’s stock after selling 4,008 shares during the quarter. Carlson Capital Management’s holdings in Target were worth $310,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Legacy Investment Solutions LLC acquired a new stake in shares of Target in the 3rd quarter valued at $28,000. Hopwood Financial Services Inc. acquired a new stake in shares of Target in the 4th quarter valued at $29,000. FSA Wealth Management LLC acquired a new stake in shares of Target in the 3rd quarter valued at $36,000. MCF Advisors LLC boosted its holdings in shares of Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares in the last quarter. Finally, Raleigh Capital Management Inc. boosted its holdings in shares of Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after purchasing an additional 135 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Performance

Shares of Target stock opened at $105.61 on Tuesday. 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 business has a 50-day moving average price of $128.68 and a two-hundred day moving average price of $139.29. Target Co. has a 1-year low of $103.46 and a 1-year high of $181.86. The company has a market cap of $48.11 billion, a P/E ratio of 11.20, a PEG ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last issued its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating the consensus estimate of $2.24 by $0.17. The company had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. As a group, analysts anticipate that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be paid a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.24%. Target’s dividend payout ratio is presently 50.56%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TGT shares. Piper Sandler reduced their target price on Target from $132.00 to $124.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. HSBC downgraded Target from a “buy” rating to a “hold” rating and set a $138.00 target price on the stock. in a report on Wednesday, November 20th. Hsbc Global Res cut Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Daiwa America cut Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, BMO Capital Markets dropped their price target on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Target presently has an average rating of “Hold” and a consensus target price of $145.87.

Target 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.