Perkins Capital Management Inc. Sells 100 Shares of Target Co. (NYSE:TGT)

Perkins Capital Management Inc. cut its holdings in shares of Target Co. (NYSE:TGT) by 1.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,400 shares of the retailer’s stock after selling 100 shares during the period. Perkins Capital Management Inc.’s holdings in Target were worth $730,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Thrivent Financial for Lutherans lifted its holdings in Target by 1.8% in the 3rd 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 in the last quarter. Nicholas Company Inc. raised its position in shares of Target by 20.5% during the fourth quarter. Nicholas Company Inc. now owns 55,810 shares of the retailer’s stock valued at $7,544,000 after buying an additional 9,485 shares during the last quarter. River Road Asset Management LLC lifted its holdings in shares of Target by 144.9% in the fourth quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer’s stock worth $31,699,000 after buying an additional 138,751 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its position in shares of Target by 25.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock worth $2,430,000 after acquiring an additional 3,590 shares during the last quarter. Finally, Northeast Financial Group Inc. purchased a new position in Target during the fourth quarter valued at $1,566,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Trading Up 0.1 %

NYSE TGT opened at $104.29 on Monday. The stock has a market cap of $47.51 billion, a PE ratio of 11.06, a PEG ratio of 1.94 and a beta of 1.18. Target Co. has a 12 month low of $101.76 and a 12 month high of $181.86. The company’s 50-day moving average price is $125.89 and its 200-day moving average price is $137.93. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last issued its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $30.83 billion. Equities research analysts forecast that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The company 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 dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s dividend payout ratio (DPR) is presently 50.56%.

Wall Street Analysts Forecast Growth

TGT has been the topic of several research analyst reports. Piper Sandler decreased their price target 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. StockNews.com raised Target from a “hold” rating to a “buy” rating in a research note on Thursday. Wells Fargo & Company cut their price target on Target from $150.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. Roth Capital set a $122.00 price objective on Target in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. cut their target price on shares of Target from $146.00 to $140.00 and set a “neutral” rating for the company in a report 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, Target presently has an average rating of “Hold” and a consensus target price of $145.55.

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.