Regatta Capital Group LLC Has $363,000 Stock Holdings in Target Co. (NYSE:TGT)

Regatta Capital Group LLC lowered its holdings in shares of Target Co. (NYSE:TGT) by 9.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,689 shares of the retailer’s stock after selling 270 shares during the period. Regatta Capital Group LLC’s holdings in Target were worth $363,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. MKT Advisors LLC increased its stake in shares of Target by 20.3% in the 4th quarter. MKT Advisors LLC now owns 3,585 shares of the retailer’s stock valued at $479,000 after acquiring an additional 606 shares in the last quarter. Archford Capital Strategies LLC grew its holdings in Target by 4.1% in the fourth quarter. Archford Capital Strategies LLC now owns 4,078 shares of the retailer’s stock worth $551,000 after purchasing an additional 162 shares during the period. Precedent Wealth Partners LLC increased its stake in Target by 264.0% in the fourth quarter. Precedent Wealth Partners LLC now owns 8,004 shares of the retailer’s stock valued at $1,082,000 after purchasing an additional 5,805 shares in the last quarter. Olstein Capital Management L.P. raised its holdings in shares of Target by 48.0% during the fourth quarter. Olstein Capital Management L.P. now owns 74,000 shares of the retailer’s stock valued at $10,003,000 after purchasing an additional 24,000 shares during the period. Finally, Patton Albertson Miller Group LLC boosted its position in shares of Target by 0.9% during the 4th quarter. Patton Albertson Miller Group LLC now owns 46,559 shares of the retailer’s stock worth $6,294,000 after purchasing an additional 404 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Piper Sandler decreased their target price on Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Bank of America decreased their price objective on Target from $195.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Evercore ISI cut their target price on Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a report on Thursday, November 21st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $150.00 price objective on shares of Target in a research note on Friday, January 17th. Finally, HSBC lowered shares of Target from a “buy” rating to a “hold” rating and set a $138.00 target price on the stock. in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, Target has a consensus rating of “Hold” and a consensus target price of $158.57.

Target Stock Up 0.5 %

Shares of NYSE:TGT opened at $137.99 on Friday. The firm has a fifty day moving average price of $134.37 and a two-hundred day moving average price of $144.82. The company has a market cap of $63.23 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 2.21 and a beta of 1.16. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target Co. has a one year low of $120.21 and a one year high of $181.86.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.45). The business had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Target’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the business posted $2.10 EPS. Analysts anticipate that Target Co. will post 8.68 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a $1.12 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.25%. Target’s dividend payout ratio is presently 47.51%.

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.