Lbp Am Sa Raises Stock Holdings in Target Co. (NYSE:TGT)

Lbp Am Sa boosted its holdings in shares of Target Co. (NYSE:TGT) by 86.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 31,708 shares of the retailer’s stock after purchasing an additional 14,746 shares during the period. Lbp Am Sa’s holdings in Target were worth $4,286,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cynosure Group LLC lifted its position in shares of Target by 4.3% in the third quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock valued at $248,000 after acquiring an additional 65 shares in the last quarter. Hancock Whitney Corp lifted its position in shares of Target by 3.3% in the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock valued at $336,000 after acquiring an additional 68 shares in the last quarter. Kathmere Capital Management LLC increased its holdings in shares of Target by 3.0% in the fourth quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock valued at $343,000 after purchasing an additional 73 shares during the last quarter. Cahill Financial Advisors Inc. increased its holdings in shares of Target by 1.0% in the third quarter. Cahill Financial Advisors Inc. now owns 7,490 shares of the retailer’s stock valued at $1,197,000 after purchasing an additional 76 shares during the last quarter. Finally, Summit Financial Wealth Advisors LLC increased its holdings in shares of Target by 2.5% in the third quarter. Summit Financial Wealth Advisors LLC now owns 3,100 shares of the retailer’s stock valued at $483,000 after purchasing an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TGT shares. Roth Mkm reaffirmed a “neutral” rating and issued a $122.00 price target (down previously from $131.00) on shares of Target in a report on Wednesday, March 5th. Piper Sandler cut their price target on Target from $132.00 to $124.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. Hsbc Global Res cut Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. HSBC cut Target from a “buy” rating to a “hold” rating and set a $138.00 price target for the company. in a report on Wednesday, November 20th. Finally, Guggenheim increased their price target on Target from $145.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Target has an average rating of “Hold” and an average price target of $145.87.

Target Trading Up 0.2 %

NYSE:TGT opened at $104.71 on Friday. The firm has a market cap of $47.70 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. The stock has a fifty day moving average price of $129.35 and a 200 day moving average price of $139.75. Target Co. has a 12-month low of $103.46 and a 12-month high of $181.86. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last released its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. The firm had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Sell-side analysts anticipate that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio (DPR) is 50.56%.

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.