Aware Super Pty Ltd as trustee of Aware Super bought a new stake in Target Co. (NYSE:TGT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 144,861 shares of the retailer's stock, valued at approximately $19,582,000.
Several other institutional investors also recently added to or reduced their stakes in the business. Bernard Wealth Management Corp. bought a new position in Target in the fourth quarter worth $30,000. Hopwood Financial Services Inc. bought a new position in shares of Target in the fourth quarter worth about $29,000. MCF Advisors LLC increased its holdings in shares of Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer's stock valued at $35,000 after purchasing an additional 163 shares in the last quarter. Raleigh Capital Management Inc. raised its position in Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer's stock worth $35,000 after purchasing an additional 135 shares during the last quarter. Finally, Legacy Investment Solutions LLC boosted its position in Target by 47.5% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock valued at $35,000 after buying an additional 85 shares during the last quarter. 79.73% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
TGT has been the topic of several recent research reports. Truist Financial decreased their price target on Target from $124.00 to $82.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Evercore ISI lowered their price target on shares of Target from $130.00 to $120.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. UBS Group cut their price objective on shares of Target from $170.00 to $155.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Citigroup lowered their target price on shares of Target from $120.00 to $95.00 and set a "neutral" rating for the company in a report on Thursday. Finally, Mizuho started coverage on shares of Target in a research report on Friday, April 11th. They set a "neutral" rating and a $92.00 target price for the company. One analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $132.37.
Get Our Latest Report on Target
Target Stock Performance
NYSE TGT traded up $2.67 on Friday, reaching $93.13. The stock had a trading volume of 5,347,533 shares, compared to its average volume of 5,598,467. Target Co. has a 1-year low of $87.35 and a 1-year high of $169.09. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The company has a market cap of $42.43 billion, a P/E ratio of 9.88, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28. The firm has a fifty day moving average of $109.77 and a two-hundred day moving average of $130.28.
Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping analysts' consensus estimates of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $30.92 billion for the quarter, compared to analysts' expectations of $30.83 billion. On average, equities research analysts anticipate 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 given a dividend of $1.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.81%. Target's dividend payout ratio is 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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