Olstein Capital Management L.P. Has $10 Million Position in Target Co. (NYSE:TGT)

Olstein Capital Management L.P. boosted its holdings in Target Co. (NYSE:TGT) by 48.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 74,000 shares of the retailer’s stock after buying an additional 24,000 shares during the quarter. Target accounts for 1.8% of Olstein Capital Management L.P.’s holdings, making the stock its 6th largest position. Olstein Capital Management L.P.’s holdings in Target were worth $10,003,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Legacy Investment Solutions LLC acquired a new position in shares of Target in the third quarter worth about $28,000. Wolff Wiese Magana LLC lifted its position in shares of Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after acquiring an additional 133 shares in the last quarter. MCF Advisors LLC boosted its stake in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares during the period. Raleigh Capital Management Inc. boosted its stake in Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after purchasing an additional 135 shares during the period. Finally, FSA Wealth Management LLC purchased a new position in Target during the 3rd quarter worth approximately $36,000. Institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

TGT has been the subject of several recent analyst reports. Truist Financial raised their target price on Target from $129.00 to $134.00 and gave the stock a “hold” rating in a research report on Friday, January 17th. Oppenheimer restated an “outperform” rating and set a $165.00 price objective on shares of Target in a research report on Monday, November 25th. Citigroup increased their price target on shares of Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. HSBC cut shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price target for the company. in a report on Wednesday, November 20th. Finally, Wells Fargo & Company dropped their price objective on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $158.57.

Target Price Performance

NYSE TGT opened at $137.99 on Friday. The stock has a market capitalization of $63.23 billion, a PE ratio of 14.63, a P/E/G ratio of 2.21 and a beta of 1.16. The stock has a 50-day simple moving average of $134.37 and a 200 day simple moving average of $144.82. 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 Co. has a twelve month low of $120.21 and a twelve month 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 for the quarter, missing the consensus estimate of $2.30 by ($0.45). The business 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 firm’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.10 earnings per share. Research analysts anticipate that Target Co. will post 8.68 EPS for the current year.

Target Announces Dividend

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 given a $1.12 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.25%. Target’s dividend payout ratio is 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.