Chapman Financial Group LLC Buys New Position in Target Co. (NYSE:TGT)

Chapman Financial Group LLC purchased a new position in shares of Target Co. (NYSE:TGT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,401 shares of the retailer's stock, valued at approximately $730,000.

Several other institutional investors have also recently added to or reduced their stakes in TGT. Kathmere Capital Management LLC raised its stake in shares of Target by 3.0% during the fourth 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. raised 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 worth $3,603,000 after buying an additional 76 shares during the last quarter. Fiducient Advisors LLC lifted its stake in shares of Target by 4.6% in the 4th quarter. Fiducient Advisors LLC now owns 1,778 shares of the retailer's stock worth $240,000 after acquiring an additional 78 shares during the period. First PREMIER Bank boosted its holdings 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 stake in shares of 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.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TGT shares. Baird R W lowered Target from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Evercore ISI decreased their price target on Target from $130.00 to $120.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 1st. Truist Financial cut their price objective on Target from $124.00 to $82.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. UBS Group decreased their target price on shares of Target from $170.00 to $155.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Finally, Stifel Nicolaus cut their price target on shares of Target from $130.00 to $120.00 and set a "hold" rating for the company in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $131.20.

Target Trading Down 0.6 %

Shares of TGT traded down $0.54 during mid-day trading on Friday, hitting $96.39. The company had a trading volume of 4,612,895 shares, compared to its average volume of 5,791,680. Target Co. has a 1-year low of $87.35 and a 1-year high of $167.40. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The business's 50-day simple moving average is $99.88 and its 200-day simple moving average is $123.80. The stock has a market cap of $43.80 billion, a PE ratio of 10.22, a P/E/G ratio of 1.94 and a beta of 1.27.

Target (NYSE:TGT - Get Free Report) last announced 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. Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $30.92 billion during the quarter, compared to analysts' expectations of $30.83 billion. Sell-side analysts forecast that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date is Wednesday, May 14th. Target's payout ratio is currently 50.56%.

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.