Target Co. (NYSE:TGT) Shares Sold by Loudon Investment Management LLC

Loudon Investment Management LLC decreased its stake in shares of Target Co. (NYSE:TGT) by 26.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 22,544 shares of the retailer’s stock after selling 7,975 shares during the period. Target comprises approximately 1.7% of Loudon Investment Management LLC’s holdings, making the stock its 21st largest position. Loudon Investment Management LLC’s holdings in Target were worth $3,047,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in Target during the 3rd quarter valued at about $28,000. Hopwood Financial Services Inc. acquired a new position in Target during the 4th quarter valued at about $29,000. MCF Advisors LLC increased its stake in Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after buying an additional 163 shares during the period. Raleigh Capital Management Inc. increased its stake in Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after buying an additional 135 shares during the period. Finally, FSA Wealth Management LLC acquired a new position in Target during the 3rd quarter valued at about $36,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on TGT. Gordon Haskett lowered shares of Target from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Citigroup reduced their price objective on shares of Target from $133.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. Piper Sandler reduced their price objective on shares of Target from $132.00 to $124.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. StockNews.com upgraded shares of Target from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, BMO Capital Markets reduced their price objective on shares of Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $145.55.

Target Price Performance

NYSE TGT opened at $104.19 on Friday. The company has a 50 day simple moving average of $126.64 and a 200-day simple moving average of $138.47. 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 capitalization of $47.47 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. Target Co. has a 52-week low of $103.46 and a 52-week high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.17. The firm had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Equities research analysts predict 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 Sunday, June 1st. Investors of record on Wednesday, May 14th will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s payout ratio is presently 50.56%.

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.