Target Co. (NYSE:TGT) Shares Bought by Sapient Capital LLC

Sapient Capital LLC raised its position in Target Co. (NYSE:TGT) by 22.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,667 shares of the retailer’s stock after buying an additional 493 shares during the quarter. Sapient Capital LLC’s holdings in Target were worth $361,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Cynosure Group LLC increased its stake in Target by 4.3% in the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock valued at $248,000 after buying an additional 65 shares during the period. Financial Advocates Investment Management increased its stake in Target by 1.2% in the 3rd quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock valued at $894,000 after buying an additional 67 shares during the period. Hancock Whitney Corp grew its stake in shares of Target by 3.3% during the 3rd quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock worth $336,000 after purchasing an additional 68 shares during the period. Trust Co. of Vermont grew its stake in shares of Target by 0.4% during the 3rd quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer’s stock worth $2,444,000 after purchasing an additional 69 shares during the period. Finally, Eagle Bluffs Wealth Management LLC grew its stake in shares of Target by 1.1% during the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock worth $1,063,000 after purchasing an additional 73 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TGT. Evercore ISI lowered 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 note on Thursday, November 21st. Piper Sandler lowered their price target on shares of Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft cut shares of Target from a “buy” rating to a “hold” rating and lowered their price target for the stock from $184.00 to $108.00 in a research note on Wednesday, November 20th. HSBC cut shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price target on the stock. in a research note on Wednesday, November 20th. Finally, TD Cowen lowered their price target on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $157.70.

Target Trading Up 0.9 %

Shares of TGT stock opened at $132.44 on Wednesday. The firm has a market cap of $60.68 billion, a P/E ratio of 14.04, a PEG ratio of 2.04 and a beta of 1.15. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86. 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’s 50-day simple moving average is $135.24 and its 200-day simple moving average is $143.67.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). The company had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The company’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.10 earnings per share. As a group, equities analysts forecast that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is presently 47.51%.

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.