13,376 Shares in Target Co. (NYSE:TGT) Acquired by Victrix Investment Advisors

Victrix Investment Advisors bought a new position in shares of Target Co. (NYSE:TGT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 13,376 shares of the retailer's stock, valued at approximately $1,808,000. Target comprises approximately 1.3% of Victrix Investment Advisors' holdings, making the stock its 26th biggest holding.

A number of other hedge funds also recently modified their holdings of TGT. Hopwood Financial Services Inc. acquired a new stake in shares of Target during the 4th quarter worth about $29,000. Bernard Wealth Management Corp. bought a new position in Target during the fourth quarter worth about $30,000. MCF Advisors LLC increased its position in Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer's stock worth $35,000 after acquiring an additional 163 shares during the period. Raleigh Capital Management Inc. increased its position in Target by 110.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer's stock worth $35,000 after acquiring an additional 135 shares during the period. Finally, Legacy Investment Solutions LLC increased its position in Target by 47.5% during 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. Institutional investors and hedge funds own 79.73% of the company's stock.

Target Price Performance

Shares of Target stock traded down $0.76 during midday trading on Friday, hitting $94.30. 7,371,358 shares of the company traded hands, compared to its average volume of 5,997,037. The stock has a market cap of $42.85 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 1.94 and a beta of 1.27. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The firm's fifty day moving average price is $97.28 and its 200-day moving average price is $120.16. Target Co. has a 12 month low of $87.35 and a 12 month high of $167.40.

Target (NYSE:TGT - Get Free Report) last posted its earnings results on Wednesday, May 21st. The retailer reported $1.30 EPS 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 business had revenue of $24.20 billion for the quarter, compared to analyst estimates of $24.54 billion. During the same quarter in the prior year, the business earned $2.03 earnings per share. The firm's quarterly revenue was down 2.8% on a year-over-year basis. As a group, sell-side analysts forecast that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.75%. Target's dividend payout ratio is presently 50.56%.

Analysts Set New Price Targets

A number of research firms recently commented on TGT. Wells Fargo & Company lowered their price target on shares of Target from $135.00 to $115.00 and set an "overweight" rating on the stock in a research report on Thursday. Bank of America lowered shares of Target from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $145.00 to $105.00 in a research report on Thursday. Morgan Stanley lowered their price target on shares of Target from $160.00 to $112.00 and set an "overweight" rating on the stock in a research report on Thursday. Piper Sandler set a $94.00 price target on shares of Target and gave the stock a "neutral" rating in a research report on Thursday. Finally, BMO Capital Markets lowered their price target on shares of Target from $100.00 to $95.00 and set a "market perform" rating on the stock in a research report on Thursday. 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $117.97.

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.