3Chopt Investment Partners LLC purchased a new stake in Target Co. (NYSE:TGT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,691 shares of the retailer's stock, valued at approximately $1,445,000.
Several other hedge funds have also added to or reduced their stakes in TGT. Kathmere Capital Management LLC lifted its holdings in Target by 3.0% during the 4th quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer's stock worth $343,000 after purchasing an additional 73 shares during the last quarter. Horrell Capital Management Inc. lifted its holdings in shares of Target by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer's stock worth $3,603,000 after buying an additional 76 shares in the last quarter. Fiducient Advisors LLC boosted its position in shares of Target by 4.6% in the fourth quarter. Fiducient Advisors LLC now owns 1,778 shares of the retailer's stock valued at $240,000 after acquiring an additional 78 shares during the period. First PREMIER Bank grew its stake in shares of Target by 21.9% in the fourth quarter. First PREMIER Bank now owns 445 shares of the retailer's stock valued at $61,000 after acquiring an additional 80 shares in the last quarter. Finally, Winch Advisory Services LLC increased its position in Target by 34.5% during the fourth quarter. Winch Advisory Services LLC now owns 320 shares of the retailer's stock worth $43,000 after acquiring an additional 82 shares during the period. Institutional investors and hedge funds own 79.73% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have issued reports on TGT shares. Truist Financial decreased their target price on shares of Target from $124.00 to $82.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. Jefferies Financial Group reduced their price target on Target from $165.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Guggenheim lifted their price objective on Target from $145.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Robert W. Baird cut Target from an "outperform" rating to a "neutral" rating and set a $110.00 price target on the stock. in a research report on Monday, April 7th. Finally, Gordon Haskett downgraded shares of Target from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, twenty-two have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Target has a consensus rating of "Hold" and an average price target of $132.37.
Get Our Latest Stock Analysis on Target
Target Trading Up 2.9 %
Shares of NYSE TGT traded up $2.67 during midday trading on Thursday, reaching $93.13. The stock had a trading volume of 5,347,533 shares, compared to its average volume of 5,590,927. The company's 50 day moving average price is $110.53 and its 200 day moving average price is $130.71. Target Co. has a twelve month low of $87.35 and a twelve month high of $169.09. The firm has a market cap of $42.43 billion, a price-to-earnings ratio of 9.88, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28. 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 (NYSE:TGT - Get Free Report) last released its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.17. The company had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. As a group, sell-side analysts expect that Target Co. will post 8.69 EPS for the current year.
Target Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date of this dividend is Wednesday, May 14th. Target's dividend payout ratio (DPR) is currently 50.56%.
About Target
(
Free Report)
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.
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