Sandy Spring Bank Sells 515 Shares of Target Co. (NYSE:TGT)

Sandy Spring Bank decreased its holdings in shares of Target Co. (NYSE:TGT) by 20.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,022 shares of the retailer’s stock after selling 515 shares during the quarter. Sandy Spring Bank’s holdings in Target were worth $273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in Target during the 3rd quarter valued at $28,000. Hopwood Financial Services Inc. bought a new stake in Target during the 4th quarter valued at $29,000. FSA Wealth Management LLC bought a new stake in Target during the 3rd quarter valued at $36,000. MCF Advisors LLC raised its holdings 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 acquiring an additional 163 shares during the period. Finally, Raleigh Capital Management Inc. raised its holdings 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 acquiring an additional 135 shares during the period. Institutional investors own 79.73% of the company’s stock.

Target Stock Up 0.1 %

NYSE TGT opened at $104.29 on Friday. 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 stock has a market capitalization of $47.51 billion, a PE ratio of 11.06, a PEG ratio of 1.94 and a beta of 1.18. Target Co. has a 1 year low of $101.76 and a 1 year high of $181.86. The business’s 50-day moving average is $125.89 and its 200 day moving average is $138.13.

Target (NYSE:TGT) last posted its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.17. The company had revenue of $30.92 billion for the quarter, compared to analysts’ expectations of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Sell-side analysts forecast that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be paid a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.30%. Target’s payout ratio is presently 50.56%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TGT. DA Davidson decreased their price target on shares of Target from $153.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Evercore ISI decreased their price target on shares of Target from $135.00 to $130.00 and set an “in-line” rating on the stock in a report on Wednesday, March 5th. The Goldman Sachs Group decreased their price target on shares of Target from $166.00 to $142.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. UBS Group decreased their price target on shares of Target from $170.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Finally, Truist Financial decreased their price target on shares of Target from $134.00 to $124.00 and set a “hold” rating on the stock in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Target has a consensus rating of “Hold” and an average price target of $145.55.

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.