Arete Wealth Advisors LLC purchased a new position in Target Co. (NYSE:TGT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,796 shares of the retailer's stock, valued at approximately $378,000.
Several other large investors have also added to or reduced their stakes in TGT. Kathmere Capital Management LLC raised its holdings in shares of Target by 3.0% in the fourth quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer's stock valued at $343,000 after acquiring an additional 73 shares in the last quarter. Horrell Capital Management Inc. increased its position in Target by 0.3% during the 4th quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer's stock valued at $3,603,000 after purchasing an additional 76 shares during the period. First PREMIER Bank increased its position in Target by 21.9% during the 4th quarter. First PREMIER Bank now owns 445 shares of the retailer's stock valued at $61,000 after purchasing an additional 80 shares during the period. Winch Advisory Services LLC raised its holdings in shares of Target by 34.5% in the 4th quarter. Winch Advisory Services LLC now owns 320 shares of the retailer's stock valued at $43,000 after purchasing an additional 82 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its position in shares of Target by 0.4% in the 4th quarter. CENTRAL TRUST Co now owns 18,593 shares of the retailer's stock worth $2,513,000 after purchasing an additional 82 shares during the period. Institutional investors own 79.73% of the company's stock.
Target Stock Performance
NYSE TGT traded up $8.66 on Wednesday, reaching $97.42. 13,701,104 shares of the company's stock traded hands, compared to its average volume of 5,476,368. The stock has a 50 day moving average price of $114.70 and a 200-day moving average price of $132.73. The firm has a market cap of $44.38 billion, a price-to-earnings ratio of 10.33, a P/E/G 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 Co. has a fifty-two week low of $87.35 and a fifty-two week high of $173.05.
Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.17. The business had revenue of $30.92 billion during the quarter, compared to analysts' expectations of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Equities research analysts predict that Target Co. will post 8.69 EPS for the current fiscal year.
Target Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be paid a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 4.60%. The ex-dividend date is Wednesday, May 14th. Target's dividend payout ratio is currently 50.56%.
Wall Street Analyst Weigh In
TGT has been the subject of a number of recent research reports. Gordon Haskett downgraded shares of Target from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th. Guggenheim boosted their price target on Target from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Wells Fargo & Company dropped their price objective on Target from $150.00 to $135.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 5th. UBS Group reduced their target price on shares of Target from $170.00 to $155.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Finally, Truist Financial lowered their price target on shares of Target from $124.00 to $82.00 and set a "hold" rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $136.03.
Get Our Latest Report on Target
Target Profile
(
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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