Stratos Investment Management LLC Sells 745 Shares of Target Co. (NYSE:TGT)

Stratos Investment Management LLC lowered its position in shares of Target Co. (NYSE:TGT) by 17.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,492 shares of the retailer’s stock after selling 745 shares during the quarter. Stratos Investment Management LLC’s holdings in Target were worth $472,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp raised its position in shares of Target by 8.3% in the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after purchasing an additional 2,732,801 shares during the last quarter. FMR LLC raised its position in Target by 11.7% in the 3rd quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after buying an additional 1,046,044 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Target by 1.4% during 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 purchasing an additional 130,691 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Target by 1.9% during 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 purchasing an additional 62,916 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Target by 1.9% during 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 purchasing an additional 56,695 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Trading Down 0.2 %

Shares of NYSE:TGT opened at $135.27 on Thursday. The business has a 50-day moving average price of $135.05 and a 200-day moving average price of $144.11. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The stock has a market cap of $61.98 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 2.24 and a beta of 1.15. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings data 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 business had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. During the same period in the previous year, the business posted $2.10 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Equities analysts predict that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio is presently 47.51%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TGT shares. Bank of America cut their price objective on Target from $195.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. BMO Capital Markets decreased their price objective on Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a report on Thursday, November 21st. Daiwa America lowered Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Piper Sandler decreased their price target on Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Finally, TD Cowen cut their price objective on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Target currently has a consensus rating of “Hold” and a consensus target price of $157.70.

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.