Target Co. (NYSE:TGT) Shares Sold by Dakota Wealth Management

Dakota Wealth Management reduced its holdings in Target Co. (NYSE:TGT) by 80.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,134 shares of the retailer’s stock after selling 32,656 shares during the quarter. Dakota Wealth Management’s holdings in Target were worth $1,100,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp increased its stake in Target by 8.3% in the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after purchasing an additional 2,732,801 shares during the last quarter. FMR LLC grew its position in Target by 11.7% during the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after acquiring an additional 1,046,044 shares during the period. Geode Capital Management LLC grew its position in Target by 1.4% during the third quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock valued at $1,461,456,000 after acquiring an additional 130,691 shares during the period. Legal & General Group Plc grew its position in Target by 6.8% during the second quarter. Legal & General Group Plc now owns 4,374,851 shares of the retailer’s stock valued at $647,652,000 after acquiring an additional 279,656 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Target by 1.9% during the third 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 acquiring an additional 62,916 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Up 1.1 %

Shares of Target stock opened at $137.24 on Friday. 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 business’s 50 day simple moving average is $134.98 and its 200-day simple moving average is $144.94. The stock has a market capitalization of $62.89 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 2.23 and a beta of 1.16. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The company had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.10 earnings per share. Equities research analysts forecast that Target Co. will post 8.68 earnings per share for the current year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders 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 dividend yield of 3.26%. The ex-dividend date is Wednesday, February 12th. Target’s payout ratio is 47.51%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TGT shares. Bank of America lowered their price target on Target from $195.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. Hsbc Global Res downgraded Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. TD Cowen lowered their price target on Target from $165.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. JPMorgan Chase & Co. decreased their target price on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Finally, Roth Mkm decreased their target price on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Target has a consensus rating of “Hold” and a consensus target price of $158.57.

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.