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

Glenmede Trust Co. NA cut its holdings in Target Co. (NYSE:TGTGet Rating) by 71.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 136,986 shares of the retailer’s stock after selling 348,652 shares during the period. Glenmede Trust Co. NA’s holdings in Target were worth $20,325,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Captrust Financial Advisors boosted its holdings in shares of Target by 16.0% in the 3rd quarter. Captrust Financial Advisors now owns 176,870 shares of the retailer’s stock valued at $26,246,000 after buying an additional 24,381 shares during the period. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in shares of Target by 5.2% in the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 16,617 shares of the retailer’s stock valued at $2,466,000 after buying an additional 819 shares during the period. Kentucky Retirement Systems boosted its holdings in shares of Target by 5.8% in the 3rd quarter. Kentucky Retirement Systems now owns 36,297 shares of the retailer’s stock valued at $5,386,000 after buying an additional 1,977 shares during the period. Ascent Group LLC lifted its position in Target by 23.2% in the 3rd quarter. Ascent Group LLC now owns 7,025 shares of the retailer’s stock valued at $1,154,000 after purchasing an additional 1,323 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its position in Target by 0.4% in the 3rd quarter. Baird Financial Group Inc. now owns 620,368 shares of the retailer’s stock valued at $92,056,000 after purchasing an additional 2,425 shares during the last quarter. 78.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TGT. Royal Bank of Canada cut their price objective on shares of Target from $223.00 to $206.00 and set an “outperform” rating on the stock in a research report on Thursday, November 17th. UBS Group cut their price objective on shares of Target from $205.00 to $194.00 and set a “buy” rating on the stock in a research report on Thursday, November 17th. StockNews.com initiated coverage on shares of Target in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Truist Financial dropped their price target on shares of Target from $165.00 to $151.00 and set a “hold” rating on the stock in a research report on Thursday, November 17th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Target from $217.00 to $201.00 and set an “overweight” rating on the stock in a research report on Thursday, November 17th. Twelve analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Target presently has a consensus rating of “Moderate Buy” and an average price target of $181.07.

Target Trading Down 1.6 %

Shares of Target stock traded down $2.55 during trading on Wednesday, hitting $161.00. The stock had a trading volume of 374,632 shares, compared to its average volume of 3,203,446. The stock has a 50 day simple moving average of $155.59 and a 200 day simple moving average of $158.95. The company has a market capitalization of $74.10 billion, a PE ratio of 22.40, a P/E/G ratio of 3.02 and a beta of 1.03. The company has a quick ratio of 0.14, a current ratio of 0.86 and a debt-to-equity ratio of 1.29. Target Co. has a 1 year low of $137.16 and a 1 year high of $254.87.

Target (NYSE:TGTGet Rating) last announced its quarterly earnings data on Wednesday, November 16th. The retailer reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.61). Target had a net margin of 3.17% and a return on equity of 30.51%. The company had revenue of $26.12 billion for the quarter, compared to analysts’ expectations of $26.40 billion. During the same period in the previous year, the firm posted $3.03 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, research analysts expect that Target Co. will post 5.54 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Wednesday, February 15th will be given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date is Tuesday, February 14th. Target’s payout ratio is presently 59.18%.

Target Company Profile

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Target Corp. engages in the operation and ownership of general merchandise stores. It offers food assortments including perishables, dry grocery, dairy, and frozen items. The company was founded by George Draper Dayton in 1902 and is headquartered in Minneapolis, MN.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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