Lyell Wealth Management LP Decreases Stock Holdings in Target Co. (NYSE:TGT)

Lyell Wealth Management LP trimmed its position in shares of Target Co. (NYSE:TGT) by 10.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,667 shares of the retailer’s stock after selling 4,119 shares during the period. Lyell Wealth Management LP’s holdings in Target were worth $5,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Bailard Inc. raised its holdings in Target by 3.7% during the 4th quarter. Bailard Inc. now owns 85,184 shares of the retailer’s stock valued at $12,132,000 after buying an additional 3,037 shares during the period. Community Bank N.A. raised its holdings in Target by 2.0% during the 4th quarter. Community Bank N.A. now owns 19,292 shares of the retailer’s stock valued at $2,748,000 after buying an additional 387 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its holdings in Target by 5.6% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,538 shares of the retailer’s stock valued at $1,501,000 after buying an additional 556 shares during the period. Atria Wealth Solutions Inc. raised its holdings in Target by 12.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 43,649 shares of the retailer’s stock valued at $6,216,000 after buying an additional 4,990 shares during the period. Finally, Carret Asset Management LLC raised its holdings in Target by 0.7% during the 4th quarter. Carret Asset Management LLC now owns 53,404 shares of the retailer’s stock valued at $7,606,000 after buying an additional 380 shares during the period. 79.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Target

In other Target news, insider Melissa K. Kremer sold 3,000 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $165.05, for a total value of $495,150.00. Following the completion of the sale, the insider now directly owns 30,527 shares in the company, valued at $5,038,481.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Target news, insider Melissa K. Kremer sold 3,000 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $165.05, for a total value of $495,150.00. Following the completion of the sale, the insider now directly owns 30,527 shares in the company, valued at $5,038,481.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Christina Hennington sold 4,600 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $170.88, for a total value of $786,048.00. Following the completion of the sale, the insider now owns 38,487 shares of the company’s stock, valued at $6,576,658.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,600 shares of company stock worth $8,819,598. 0.23% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on TGT. HSBC upgraded Target from a “hold” rating to a “buy” rating and increased their price target for the company from $140.00 to $195.00 in a report on Wednesday, March 6th. Truist Financial upped their price objective on Target from $142.00 to $160.00 and gave the company a “hold” rating in a research report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft raised Target from a “hold” rating to a “buy” rating and upped their price objective for the company from $149.00 to $206.00 in a research report on Wednesday, March 6th. Oppenheimer upped their price objective on Target from $160.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. Finally, Guggenheim upped their price objective on Target from $160.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Eleven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $181.85.

Target Stock Down 0.7 %

Shares of NYSE TGT traded down $1.14 during mid-day trading on Wednesday, reaching $165.37. 2,630,551 shares of the company were exchanged, compared to its average volume of 3,722,639. 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 stock has a market cap of $76.35 billion, a price-to-earnings ratio of 18.52, a P/E/G ratio of 1.57 and a beta of 1.14. Target Co. has a 1 year low of $102.93 and a 1 year high of $181.86. The firm has a 50-day moving average of $164.85 and a 200 day moving average of $142.46.

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

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s dividend payout ratio (DPR) is presently 49.27%.

Target 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.