Little House Capital LLC Invests $693,000 in Target Co. (NYSE:TGT)

Little House Capital LLC acquired a new stake in shares of Target Co. (NYSE:TGT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,123 shares of the retailer's stock, valued at approximately $693,000.

Several other hedge funds have also recently made changes to their positions in the stock. Tanglewood Legacy Advisors LLC bought a new position in shares of Target in the fourth quarter worth approximately $170,000. WealthPlan Investment Management LLC boosted its position in shares of Target by 7.4% during the fourth quarter. WealthPlan Investment Management LLC now owns 2,277 shares of the retailer's stock worth $308,000 after acquiring an additional 156 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Target by 0.3% during the fourth quarter. Rhumbline Advisers now owns 956,755 shares of the retailer's stock worth $129,334,000 after acquiring an additional 2,638 shares during the last quarter. PUREfi Wealth LLC bought a new position in shares of Target during the fourth quarter worth $304,000. Finally, Blue Trust Inc. boosted its position in shares of Target by 47.7% during the fourth quarter. Blue Trust Inc. now owns 4,983 shares of the retailer's stock worth $674,000 after acquiring an additional 1,609 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Stock Up 0.7 %

NYSE:TGT traded up $0.91 during mid-day trading on Wednesday, hitting $131.02. The stock had a trading volume of 1,524,658 shares, compared to its average volume of 4,901,659. The stock has a 50-day simple moving average of $134.86 and a two-hundred day simple moving average of $142.93. The company has a market capitalization of $60.04 billion, a PE ratio of 13.90, a PEG ratio of 1.94 and a beta of 1.15. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT - Get Free Report) last released its quarterly earnings data 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). Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. During the same period in the previous year, the business posted $2.10 EPS. The firm's revenue for the quarter was up .9% compared to the same quarter last year. On average, equities research analysts anticipate that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.42%. Target's payout ratio is currently 47.51%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. StockNews.com downgraded shares of Target from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Evercore ISI reduced their target price on shares of Target from $165.00 to $130.00 and set an "in-line" rating on the stock in a research note on Thursday, November 21st. Daiwa Capital Markets downgraded shares of Target from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $170.00 to $130.00 in a research note on Tuesday, November 26th. HSBC downgraded shares of Target from a "buy" rating to a "hold" rating and set a $138.00 price target on the stock. in a research note on Wednesday, November 20th. Finally, Truist Financial raised their price target on shares of Target from $129.00 to $134.00 and gave the stock a "hold" rating in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $157.70.

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.