Target Co. (NYSE:TGT) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in shares of Target Co. (NYSE:TGT) by 21.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,823,264 shares of the retailer’s stock after buying an additional 840,484 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Target were worth $652,014,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in TGT. Edgar Lomax Co. VA grew its holdings in Target by 385.6% during the 4th quarter. Edgar Lomax Co. VA now owns 353,600 shares of the retailer’s stock worth $47,800,000 after acquiring an additional 280,785 shares in the last quarter. First Trust Advisors LP grew its stake in Target by 421.2% in the fourth quarter. First Trust Advisors LP now owns 621,051 shares of the retailer’s stock worth $83,954,000 after purchasing an additional 501,898 shares in the last quarter. Forum Financial Management LP increased its holdings in Target by 97.6% in the fourth quarter. Forum Financial Management LP now owns 5,939 shares of the retailer’s stock valued at $803,000 after buying an additional 2,933 shares during the last quarter. GeoWealth Management LLC lifted its holdings in Target by 23.3% during the 4th quarter. GeoWealth Management LLC now owns 6,422 shares of the retailer’s stock worth $868,000 after buying an additional 1,212 shares during the last quarter. Finally, Capital International Sarl grew its position in shares of Target by 34.6% in the 4th quarter. Capital International Sarl now owns 17,562 shares of the retailer’s stock worth $2,374,000 after acquiring an additional 4,512 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Stock Performance

TGT stock opened at $93.13 on Friday. The firm has a 50 day simple moving average of $108.98 and a 200 day simple moving average of $129.87. Target Co. has a 52 week low of $87.35 and a 52 week high of $169.09. The stock has a market cap of $42.43 billion, a P/E ratio of 9.88, a P/E/G ratio of 1.94 and a beta of 1.28. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94.

Target (NYSE:TGT) last issued its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. Research analysts anticipate that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.81%. Target’s dividend payout ratio (DPR) is currently 50.56%.

Analyst Ratings Changes

Several research firms recently issued reports on TGT. Stifel Nicolaus dropped their price target on Target from $130.00 to $120.00 and set a “hold” rating on the stock in a research report on Thursday, March 20th. Truist Financial dropped their price objective on shares of Target from $124.00 to $82.00 and set a “hold” rating on the stock in a research note on Tuesday, April 8th. Guggenheim increased their price target on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Jefferies Financial Group lowered their price objective on Target from $165.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Finally, Piper Sandler reduced their price target on shares of Target from $132.00 to $124.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $132.37.

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.