Target Co. (NYSE:TGT) Shares Acquired by Stolper Co

Stolper Co lifted its holdings in Target Co. (NYSE:TGT) by 1.4% in the fourth quarter, Holdings Channel reports. The firm owned 13,287 shares of the retailer’s stock after buying an additional 187 shares during the period. Stolper Co’s holdings in Target were worth $1,796,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its stake in shares of Target by 1.8% during the third quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock worth $4,368,000 after acquiring an additional 490 shares during the last quarter. D.A. Davidson & CO. boosted its stake in Target by 8.6% in the 3rd quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock worth $18,619,000 after purchasing an additional 9,510 shares in the last quarter. Prana Capital Management LP grew its position in Target by 47.5% during the 3rd quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock worth $33,834,000 after purchasing an additional 69,885 shares during the last quarter. Transamerica Financial Advisors Inc. purchased a new stake in Target during the 3rd quarter worth approximately $967,000. Finally, Leibman Financial Services Inc. acquired a new position in Target during the 4th quarter valued at approximately $2,272,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Stock Down 1.4 %

NYSE TGT opened at $134.58 on Thursday. The business has a fifty day moving average price of $137.06 and a 200 day moving average price of $145.39. 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 company has a market cap of $61.67 billion, a P/E ratio of 14.27, a P/E/G ratio of 2.21 and a beta of 1.16. Target Co. has a one year low of $120.21 and a one year high of $181.86.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. During the same quarter last year, the company earned $2.10 earnings per share. Target’s quarterly revenue was up .9% on a year-over-year basis. Research analysts anticipate that Target Co. will post 8.6 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.33%. Target’s payout ratio is currently 47.51%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Piper Sandler dropped their price objective on shares of Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. HSBC lowered Target from a “buy” rating to a “hold” rating and set a $138.00 price objective on the stock. in a report on Wednesday, November 20th. Oppenheimer reiterated an “outperform” rating and issued a $165.00 target price on shares of Target in a research report on Monday, November 25th. Sanford C. Bernstein assumed coverage on shares of Target in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $168.00 price objective on the stock. Finally, Daiwa Capital Markets downgraded shares of Target from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $170.00 to $130.00 in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, Target presently has an average rating of “Hold” and an average target price of $160.57.

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.