CSS LLC IL bought a new position in Target Co. (NYSE:TGT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,920 shares of the retailer's stock, valued at approximately $395,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Bernard Wealth Management Corp. purchased a new position in shares of Target during the 4th quarter valued at about $30,000. Hopwood Financial Services Inc. bought a new position in Target in the 4th quarter worth $29,000. MCF Advisors LLC raised its holdings in Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer's stock valued at $35,000 after acquiring an additional 163 shares during the period. Raleigh Capital Management Inc. lifted its position in shares of Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer's stock valued at $35,000 after acquiring an additional 135 shares in the last quarter. Finally, Legacy Investment Solutions LLC boosted its stake in shares of Target by 47.5% in the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock worth $35,000 after acquiring an additional 85 shares during the period. Hedge funds and other institutional investors own 79.73% of the company's stock.
Target Trading Down 0.6%
TGT stock traded down $0.55 during mid-day trading on Wednesday, reaching $96.44. The company had a trading volume of 1,384,323 shares, compared to its average volume of 5,990,895. The company has a market capitalization of $43.82 billion, a PE ratio of 10.22, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27. The firm has a 50 day moving average of $96.92 and a 200 day moving average of $119.21. Target Co. 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 0.99, a current ratio of 0.94 and a quick ratio of 0.25.
Target (NYSE:TGT - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The retailer reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.35). The firm had revenue of $24.20 billion during the quarter, compared to the consensus estimate of $24.54 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The business's revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.03 earnings per share. On average, equities analysts predict that Target Co. will post 8.69 earnings per share for the current fiscal year.
Target Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 4.65%. The ex-dividend date of this dividend is Wednesday, May 14th. Target's dividend payout ratio is currently 49.23%.
Wall Street Analyst Weigh In
Several research firms have weighed in on TGT. Truist Financial upped their price target on Target from $82.00 to $90.00 and gave the stock a "hold" rating in a research note on Thursday, May 22nd. UBS Group dropped their target price on shares of Target from $170.00 to $155.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. Oppenheimer reduced their price target on shares of Target from $165.00 to $150.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Robert W. Baird set a $100.00 price target on shares of Target in a research note on Thursday, May 22nd. Finally, Gordon Haskett lowered Target from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th. Two research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $116.68.
Check Out Our Latest Stock Analysis on Target
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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