Beacon Financial Advisory LLC Sells 510 Shares of Target Co. (NYSE:TGT)

Beacon Financial Advisory LLC lessened its holdings in Target Co. (NYSE:TGT) by 10.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,487 shares of the retailer’s stock after selling 510 shares during the quarter. Beacon Financial Advisory LLC’s holdings in Target were worth $606,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. State Street Corp grew 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 valued at $5,530,576,000 after buying an additional 2,732,801 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Target by 9,940.6% in the third quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock valued at $311,937,000 after acquiring an additional 1,981,458 shares during the last quarter. Two Sigma Advisers LP grew its position in shares of Target by 173.2% in the 3rd quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock valued at $369,295,000 after acquiring an additional 1,502,200 shares during the period. FMR LLC increased its stake in shares of Target by 11.7% during the 3rd quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after purchasing an additional 1,046,044 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC increased its stake in shares of Target by 773.1% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 832,766 shares of the retailer’s stock worth $129,795,000 after purchasing an additional 737,384 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on TGT. Hsbc Global Res cut Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. Stifel Nicolaus lifted their target price on Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. StockNews.com upgraded Target from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Piper Sandler reduced their price objective on shares of Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Finally, Truist Financial increased their price objective on shares of Target from $129.00 to $134.00 and gave the company a “hold” rating in a research report on Friday, January 17th. One 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, the company currently has an average rating of “Hold” and a consensus price target of $157.70.

Target Stock Performance

Shares of NYSE:TGT opened at $135.27 on Thursday. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The stock has a market capitalization of $61.98 billion, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 2.24 and a beta of 1.15. 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 company’s 50 day simple moving average is $135.05 and its 200 day simple moving average is $144.11.

Target (NYSE:TGT) last issued its quarterly earnings results 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). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter in the previous year, the business posted $2.10 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. As a group, research analysts predict that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The business 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 $1.12 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.31%. Target’s dividend payout ratio (DPR) is currently 47.51%.

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.