YHB Investment Advisors Inc. lessened its position in Target Co. (NYSE:TGT – Get Rating) by 29.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,909 shares of the retailer’s stock after selling 805 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Target were worth $270,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Landmark Wealth Management LLC acquired a new position in shares of Target during the 1st quarter worth approximately $25,000. Blume Capital Management Inc. acquired a new position in shares of Target during the 1st quarter worth $25,000. Delos Wealth Advisors LLC acquired a new position in shares of Target during the 4th quarter worth $29,000. Roble Belko & Company Inc acquired a new position in shares of Target during the 1st quarter worth $32,000. Finally, Cornerstone Advisory LLC acquired a new position in shares of Target during the 4th quarter worth $36,000. Institutional investors and hedge funds own 77.42% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on TGT. Raymond James upped their target price on Target from $190.00 to $200.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 18th. Telsey Advisory Group cut their target price on Target from $200.00 to $185.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 8th. Robert W. Baird cut their price target on Target from $195.00 to $180.00 and set an “outperform” rating on the stock in a report on Wednesday, June 8th. Truist Financial increased their price target on Target from $150.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, August 18th. Finally, Cowen raised their target price on Target to $210.00 in a report on Monday, August 22nd. Nine investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Target has an average rating of “Moderate Buy” and a consensus target price of $193.67.
Insider Transactions at Target
Target Trading Down 3.8 %
Shares of NYSE:TGT opened at $152.96 on Friday. The stock has a market capitalization of $70.40 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 1.99 and a beta of 1.02. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.14 and a current ratio of 0.82. The stock’s 50-day simple moving average is $163.84 and its two-hundred day simple moving average is $182.03. Target Co. has a 52-week low of $137.16 and a 52-week high of $268.98.
Target (NYSE:TGT – Get Rating) last announced its earnings results on Wednesday, August 17th. The retailer reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.32). The firm had revenue of $26.04 billion during the quarter, compared to analysts’ expectations of $26.07 billion. Target had a return on equity of 35.15% and a net margin of 3.92%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $3.64 earnings per share. Analysts expect that Target Co. will post 8.11 EPS for the current year.
Target Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 10th. Stockholders of record on Wednesday, November 16th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.82%. Target’s dividend payout ratio (DPR) is currently 49.09%.
Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials.
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