Target Co. (NYSE:TGT) Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY lessened its stake in shares of Target Co. (NYSE:TGT) by 15.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,021 shares of the retailer’s stock after selling 573 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Target were worth $408,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TGT. Legacy Investment Solutions LLC acquired a new position in shares of Target during the 3rd quarter valued at $28,000. Wolff Wiese Magana LLC boosted its stake in Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after buying an additional 133 shares in the last quarter. FSA Wealth Management LLC acquired a new position in Target during the third quarter worth about $36,000. Catalyst Capital Advisors LLC acquired a new position in Target during the third quarter worth about $38,000. Finally, MCF Advisors LLC raised its position in Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after acquiring an additional 163 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company lowered their price objective on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Evercore ISI decreased their price target on shares of Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research report on Thursday, November 21st. Oppenheimer reiterated an “outperform” rating and set a $165.00 price objective on shares of Target in a research report on Monday, November 25th. Citigroup raised their price objective on Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Finally, Truist Financial boosted their target price on Target from $129.00 to $134.00 and gave the stock a “hold” rating in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Target has a consensus rating of “Hold” and an average price target of $157.70.

Target Stock Down 2.5 %

Shares of Target stock opened at $131.29 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The firm has a market cap of $60.16 billion, a price-to-earnings ratio of 13.92, a P/E/G ratio of 2.04 and a beta of 1.15. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86. The stock has a 50-day simple moving average of $135.22 and a 200-day simple moving average of $143.80.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter last year, the company posted $2.10 EPS. The business’s revenue was up .9% compared to the same quarter last year. On average, equities research analysts expect 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. Stockholders of record on Wednesday, February 12th will be paid a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.41%. Target’s payout ratio is presently 47.51%.

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.