Dohj LLC Decreases Holdings in Target Co. (NYSE:TGT)

Dohj LLC trimmed its holdings in shares of Target Co. (NYSE:TGT) by 32.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,689 shares of the retailer’s stock after selling 1,776 shares during the period. Dohj LLC’s holdings in Target were worth $525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. United Services Automobile Association lifted its holdings in Target by 2.9% during the 3rd quarter. United Services Automobile Association now owns 44,232 shares of the retailer’s stock worth $4,891,000 after buying an additional 1,239 shares during the last quarter. RFG Advisory LLC purchased a new stake in shares of Target in the 4th quarter valued at about $605,000. Tower View Wealth Management LLC lifted its holdings in shares of Target by 82.8% in the 3rd quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock valued at $26,000 after purchasing an additional 106 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Target by 4.9% in the 4th quarter. Nordea Investment Management AB now owns 519,634 shares of the retailer’s stock valued at $73,819,000 after purchasing an additional 24,066 shares during the last quarter. Finally, Asio Capital LLC lifted its holdings in shares of Target by 109.9% in the 4th quarter. Asio Capital LLC now owns 27,267 shares of the retailer’s stock valued at $3,883,000 after purchasing an additional 14,274 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Trading Up 0.2 %

Shares of TGT stock traded up $0.30 on Friday, reaching $164.74. 2,085,518 shares of the stock were exchanged, compared to its average volume of 2,821,609. The stock has a market cap of $76.06 billion, a P/E ratio of 18.45, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. The company has a quick ratio of 0.29, a current ratio of 0.91 and a debt-to-equity ratio of 1.11. The firm has a 50 day moving average of $165.52 and a two-hundred day moving average of $143.25. Target Co. has a 1-year low of $102.93 and a 1-year high of $181.86.

Target (NYSE:TGT) last released its quarterly earnings data on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.57. The business had revenue of $31.47 billion during the quarter, compared to the consensus estimate of $31.83 billion. Target had a return on equity of 33.41% and a net margin of 3.85%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.89 EPS. On average, research analysts anticipate that Target Co. will post 9.39 EPS for the current year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $4.40 annualized dividend and a yield of 2.67%. Target’s dividend payout ratio is currently 49.27%.

Analysts Set New Price Targets

Several research firms have recently weighed in on TGT. JPMorgan Chase & Co. boosted their target price on Target from $125.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Morgan Stanley boosted their target price on Target from $165.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Truist Financial boosted their target price on Target from $142.00 to $160.00 and gave the company a “hold” rating in a report on Wednesday, March 6th. Royal Bank of Canada boosted their target price on Target from $157.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Finally, DA Davidson boosted their price target on Target from $167.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, Target presently has an average rating of “Moderate Buy” and an average target price of $181.85.

Insider Activity at Target

In related news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $167.52, for a total value of $7,538,400.00. Following the completion of the sale, the insider now directly owns 346,919 shares in the company, valued at approximately $58,115,870.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Target news, insider Melissa K. Kremer sold 3,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $165.05, for a total value of $495,150.00. Following the completion of the transaction, the insider now directly owns 30,527 shares of the company’s stock, valued at approximately $5,038,481.35. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the completion of the transaction, the insider now directly owns 346,919 shares of the company’s stock, valued at $58,115,870.88. The disclosure for this sale can be found here. In the last three months, insiders sold 52,600 shares of company stock worth $8,819,598. Corporate insiders own 0.23% of the company’s stock.

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.