Target Co. (NYSE:TGT) Shares Sold by Adirondack Trust Co.

Adirondack Trust Co. reduced its position in Target Co. (NYSE:TGT) by 11.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,398 shares of the retailer’s stock after selling 562 shares during the quarter. Adirondack Trust Co.’s holdings in Target were worth $594,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in shares of Target in the 3rd quarter valued at about $28,000. Wolff Wiese Magana LLC lifted its position in Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after buying an additional 133 shares in the last quarter. MCF Advisors LLC grew its stake in Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after buying an additional 163 shares during the period. FSA Wealth Management LLC acquired a new stake in shares of Target in the third quarter worth $36,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Target in the third quarter worth $38,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on TGT shares. Guggenheim upped their price target on shares of Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday. Telsey Advisory Group reiterated an “outperform” rating and issued a $150.00 target price on shares of Target in a research note on Friday, January 17th. Oppenheimer reissued an “outperform” rating and set a $165.00 price target on shares of Target in a research report on Monday, November 25th. Piper Sandler lowered 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, Roth Mkm reduced their target price on shares of Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $158.57.

Target Price Performance

Shares of NYSE:TGT opened at $135.74 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The firm’s 50 day moving average is $134.98 and its two-hundred day moving average is $144.94. The firm has a market capitalization of $62.20 billion, a P/E ratio of 14.39, a PEG ratio of 2.23 and a beta of 1.16. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86.

Target (NYSE:TGT) last announced its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The company had revenue of $25.23 billion during 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%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.10 EPS. Analysts anticipate that Target Co. will post 8.68 earnings per share for the current year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio is presently 47.51%.

About Target

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.