Uncommon Cents Investing LLC Acquires 3,792 Shares of Target Co. (NYSE:TGT)

Uncommon Cents Investing LLC increased its position in Target Co. (NYSE:TGT) by 18.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,440 shares of the retailer’s stock after buying an additional 3,792 shares during the period. Uncommon Cents Investing LLC’s holdings in Target were worth $3,304,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp raised its stake in shares of Target by 8.3% in the third 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. International Assets Investment Management LLC raised its stake in shares of Target by 9,940.6% during the 3rd quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock worth $311,937,000 after purchasing an additional 1,981,458 shares during the period. Two Sigma Advisers LP raised its position in Target by 173.2% in the third quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock worth $369,295,000 after acquiring an additional 1,502,200 shares during the period. FMR LLC lifted its stake in Target by 11.7% in the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after purchasing an additional 1,046,044 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Target by 711.2% during the 2nd quarter. AQR Capital Management LLC now owns 876,531 shares of the retailer’s stock valued at $129,762,000 after buying an additional 768,479 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

TGT has been the topic of several research reports. JPMorgan Chase & Co. lowered their price target on shares of Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Roth Mkm dropped their target price on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Telsey Advisory Group reiterated an “outperform” rating and issued a $150.00 price target on shares of Target in a research report on Friday. Truist Financial boosted their price objective on Target from $129.00 to $134.00 and gave the company a “hold” rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft downgraded Target from a “buy” rating to a “hold” rating and cut their target price for the stock from $184.00 to $108.00 in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, Target currently has a consensus rating of “Hold” and a consensus target price of $158.23.

Target Stock Up 0.3 %

Shares of Target stock opened at $133.62 on Monday. The company’s fifty day simple moving average is $136.13 and its two-hundred day simple moving average is $145.14. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The company has a market cap of $61.22 billion, a P/E ratio of 14.17, a PEG ratio of 2.32 and a beta of 1.16.

Target (NYSE:TGT) last posted 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). Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same period in the previous year, the firm posted $2.10 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. Research analysts anticipate that Target Co. will post 8.6 EPS for the current year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is presently 47.51%.

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.