Buck Wealth Strategies LLC Makes New $1.06 Million Investment in Target Corporation (NYSE:TGT)

Buck Wealth Strategies LLC acquired a new position in Target Corporation (NYSE:TGT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,178 shares of the retailer's stock, valued at approximately $1,062,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Hopwood Financial Services Inc. bought a new stake in Target in the fourth quarter worth approximately $29,000. Bernard Wealth Management Corp. acquired a new stake in shares of Target during the 4th quarter worth approximately $29,000. Legacy Investment Solutions LLC increased its stake in shares of 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 acquiring an additional 85 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Target during the 4th quarter valued at $36,000. Finally, Heck Capital Advisors LLC bought a new position in Target during the fourth quarter worth $40,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Performance

Shares of Target stock traded down $0.82 during trading hours on Wednesday, hitting $96.71. 4,368,146 shares of the company's stock traded hands, compared to its average volume of 6,204,737. The stock has a market capitalization of $43.94 billion, a price-to-earnings ratio of 10.63, a PEG ratio of 2.81 and a beta of 1.22. Target Corporation has a 12-month low of $87.35 and a 12-month high of $167.40. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.94 and a quick ratio of 0.25. The company has a fifty day simple moving average of $95.82 and a 200-day simple moving average of $113.44.

Target (NYSE:TGT - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The retailer reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.65 by ($0.35). The company had revenue of $24.20 billion for the quarter, compared to analysts' expectations of $24.54 billion. Target had a return on equity of 25.59% and a net margin of 3.95%. The business's quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the business posted $2.03 EPS. Equities research analysts anticipate that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Investors of record on Wednesday, August 13th will be issued a $1.12 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.63%. Target's dividend payout ratio (DPR) is presently 49.23%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TGT. Citigroup dropped their price objective on shares of Target from $97.00 to $94.00 and set a "neutral" rating on the stock in a report on Thursday, May 22nd. Roth Capital set a $122.00 target price on Target in a research report on Wednesday, March 5th. Wells Fargo & Company cut their price target on Target from $135.00 to $115.00 and set an "overweight" rating on the stock in a report on Thursday, May 22nd. Evercore ISI decreased their price objective on Target from $130.00 to $120.00 and set an "in-line" rating for the company in a report on Tuesday, April 1st. Finally, Piper Sandler set a $94.00 target price on Target and gave the stock a "neutral" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $116.70.

Insider Buying and Selling

In other Target news, insider Brian C. Cornell sold 45,000 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $96.18, for a total value of $4,328,100.00. Following the completion of the sale, the insider now directly owns 246,453 shares of the company's stock, valued at $23,703,849.54. This trade represents a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.16% of the stock is currently owned by insiders.

Target Company 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.