Exchange Traded Concepts LLC Has $30.58 Million Stock Holdings in Target Co. (NYSE:TGT)

Exchange Traded Concepts LLC boosted its position in Target Co. (NYSE:TGT) by 82.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 226,186 shares of the retailer’s stock after acquiring an additional 102,470 shares during the period. Target accounts for 0.6% of Exchange Traded Concepts LLC’s portfolio, making the stock its 24th largest position. Exchange Traded Concepts LLC’s holdings in Target were worth $30,576,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in shares of Target by 8.3% in the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after purchasing an additional 2,732,801 shares during the period. International Assets Investment Management LLC grew its stake in shares of Target by 9,940.6% during the 3rd quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock worth $311,937,000 after acquiring an additional 1,981,458 shares in the last quarter. Two Sigma Advisers LP raised its holdings in shares of Target by 173.2% in the third quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock valued at $369,295,000 after purchasing an additional 1,502,200 shares during the last quarter. FMR LLC boosted its holdings in Target by 11.7% during the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after purchasing an additional 1,046,044 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Target by 711.2% in the 2nd quarter. AQR Capital Management LLC now owns 876,531 shares of the retailer’s stock valued at $129,762,000 after buying an additional 768,479 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

TGT has been the subject of a number of analyst reports. Citigroup raised their price target on Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Sanford C. Bernstein began coverage on shares of Target in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $168.00 price objective on the stock. Truist Financial boosted their price objective on shares of Target from $129.00 to $134.00 and gave the company a “hold” rating in a report on Friday, January 17th. Oppenheimer reaffirmed an “outperform” rating and set a $165.00 price target on shares of Target in a report on Monday, November 25th. Finally, Piper Sandler decreased their target price on Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Target currently has an average rating of “Hold” and a consensus price target of $158.57.

Target Stock Performance

Shares of TGT stock opened at $136.86 on Friday. The company has a market capitalization of $62.71 billion, a P/E ratio of 14.50, a PEG ratio of 2.21 and a beta of 1.16. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The stock has a 50 day moving average price of $134.98 and a two-hundred day moving average price of $144.94.

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

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio is currently 47.51%.

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.