Tidal Investments LLC Boosts Position in Target Co. (NYSE:TGT)

Tidal Investments LLC boosted its position in shares of Target Co. (NYSE:TGT - Free Report) by 19.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,347 shares of the retailer's stock after purchasing an additional 7,573 shares during the quarter. Tidal Investments LLC's holdings in Target were worth $6,265,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Trace Wealth Advisors LLC purchased a new stake in Target during the fourth quarter worth $203,000. Strategic Global Advisors LLC acquired a new position in shares of Target in the fourth quarter worth $4,290,000. Strategic Wealth Partners Ltd. raised its holdings in shares of Target by 1,092.8% in the fourth quarter. Strategic Wealth Partners Ltd. now owns 51,098 shares of the retailer's stock worth $6,570,000 after acquiring an additional 46,814 shares during the last quarter. Strive Asset Management LLC acquired a new position in shares of Target in the fourth quarter worth $547,000. Finally, Toronto Dominion Bank raised its holdings in shares of Target by 26.7% in the fourth quarter. Toronto Dominion Bank now owns 272,658 shares of the retailer's stock worth $36,858,000 after acquiring an additional 57,505 shares during the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Price Performance

Shares of NYSE TGT opened at $97.89 on Tuesday. Target Co. has a 1-year low of $87.35 and a 1-year high of $167.40. The business has a 50-day moving average of $98.05 and a 200-day moving average of $121.28. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The company has a market capitalization of $44.48 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 1.94 and a beta of 1.27.

Target (NYSE:TGT - Get Free Report) last issued its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. On average, equities analysts anticipate that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 4.58%. The ex-dividend date is Wednesday, May 14th. Target's payout ratio is 50.56%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TGT. Baird R W cut Target from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Guggenheim boosted their price target on Target from $145.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. UBS Group cut their price target on Target from $170.00 to $155.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Piper Sandler cut their price target on Target from $124.00 to $105.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Finally, Mizuho began coverage on Target in a report on Friday, April 11th. They issued a "neutral" rating and a $92.00 price target for the company. Two investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $127.29.

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.

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