Junto Capital Management LP bought a new position in Target Co. (NYSE:TGT - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 369,414 shares of the retailer's stock, valued at approximately $49,937,000. Junto Capital Management LP owned 0.08% of Target at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of TGT. Bernard Wealth Management Corp. purchased a new position in shares of Target in the 4th quarter valued at approximately $30,000. Hopwood Financial Services Inc. bought a new position in shares of Target in the 4th quarter worth about $29,000. MCF Advisors LLC increased its stake in shares of Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer's stock worth $35,000 after acquiring an additional 163 shares in the last quarter. Raleigh Capital Management Inc. boosted its stake 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 in the last quarter. Finally, Legacy Investment Solutions LLC grew its holdings in 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 purchasing an additional 85 shares during the period. 79.73% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
TGT has been the subject of several analyst reports. Piper Sandler reduced their price target on Target from $124.00 to $105.00 and set a "neutral" rating for the company in a report on Tuesday. Gordon Haskett downgraded shares of Target from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th. Stifel Nicolaus reduced their price target on shares of Target from $130.00 to $120.00 and set a "hold" rating for the company in a research report on Thursday, March 20th. Mizuho assumed coverage on Target in a research report on Friday, April 11th. They set a "neutral" rating and a $92.00 price objective on the stock. Finally, Cfra Research downgraded shares of Target from a "moderate buy" rating to a "hold" rating in a report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, Target currently has an average rating of "Hold" and a consensus target price of $128.57.
View Our Latest Stock Report on TGT
Target Trading Down 1.0%
Shares of NYSE TGT traded down $0.96 during trading on Wednesday, reaching $97.01. The stock had a trading volume of 1,807,590 shares, compared to its average volume of 7,169,875. The company has a market cap of $44.08 billion, a P/E ratio of 10.30, 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 business's 50-day moving average price is $99.27 and its 200-day moving average price is $122.93. Target Co. has a fifty-two week low of $87.35 and a fifty-two week high of $167.40.
Target (NYSE:TGT - Get Free Report) last announced its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating analysts' consensus estimates of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $30.92 billion during the quarter, compared to analysts' expectations of $30.83 billion. On average, equities research analysts predict that Target Co. will post 8.69 EPS 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 $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date of this dividend is Wednesday, May 14th. Target's dividend payout ratio is currently 50.56%.
Target Profile
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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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