Farther Finance Advisors LLC Has $1.29 Million Stock Holdings in Target Co. (NYSE:TGT)

Farther Finance Advisors LLC boosted its stake in Target Co. (NYSE:TGT - Free Report) by 34.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,389 shares of the retailer's stock after purchasing an additional 3,195 shares during the period. Farther Finance Advisors LLC's holdings in Target were worth $1,294,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bernard Wealth Management Corp. bought a new stake in shares of Target in the fourth quarter worth about $30,000. Hopwood Financial Services Inc. purchased a new stake in Target in the 4th quarter worth approximately $29,000. Legacy Investment Solutions LLC grew its position in shares of Target by 47.5% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock worth $35,000 after buying an additional 85 shares during the last quarter. OFI Invest Asset Management purchased a new position in shares of Target during the fourth quarter valued at approximately $36,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Target during the fourth quarter valued at approximately $40,000. Institutional investors own 79.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TGT shares. Wall Street Zen cut shares of Target from a "buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Stifel Nicolaus cut their target price on shares of Target from $130.00 to $120.00 and set a "hold" rating on the stock in a research note on Thursday, March 20th. Piper Sandler set a $94.00 price target on shares of Target and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. Truist Financial lifted their price objective on Target from $82.00 to $90.00 and gave the company a "hold" rating in a research report on Thursday, May 22nd. Finally, Mizuho reduced their target price on Target from $92.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Target presently has a consensus rating of "Hold" and a consensus price target of $116.70.

Target Stock Performance

Shares of NYSE:TGT traded down $4.04 during trading on Friday, hitting $95.25. 7,297,011 shares of the company traded hands, compared to its average volume of 6,115,190. The stock has a market capitalization of $43.28 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 1.94 and a beta of 1.22. Target Co. has a one year low of $87.35 and a one 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 fifty day moving average is $95.35 and its 200-day moving average is $115.44.

Target (NYSE:TGT - Get Free Report) last issued its earnings results 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). Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $24.20 billion during the quarter, compared to analyst estimates of $24.54 billion. During the same period in the prior year, the business earned $2.03 earnings per share. Target's quarterly revenue was down 2.8% on a year-over-year basis. As a group, equities analysts predict that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Wednesday, August 13th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 4.70%. The ex-dividend date of this dividend is Wednesday, August 13th. Target's dividend payout ratio (DPR) is 49.23%.

Insider Buying and Selling at Target

In related news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction dated 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 transaction, the insider now owns 246,453 shares of the company's stock, valued at approximately $23,703,849.54. This trade represents a 15.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is owned by company insiders.

About Target

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.