Mountain Hill Investment Partners Corp. Purchases New Position in Target Co. (NYSE:TGT)

Mountain Hill Investment Partners Corp. purchased a new position in shares of Target Co. (NYSE:TGT) during the fourth quarter, Holdings Channel reports. The firm purchased 47,777 shares of the retailer’s stock, valued at approximately $6,459,000. Target accounts for approximately 6.6% of Mountain Hill Investment Partners Corp.’s investment portfolio, making the stock its 5th largest holding.

Several other institutional investors also recently bought and sold shares of TGT. Horrell Capital Management Inc. lifted its holdings in Target by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer’s stock valued at $3,603,000 after purchasing an additional 76 shares in the last quarter. Crowley Wealth Management Inc. purchased a new position in Target in the 4th quarter valued at about $52,000. Napatree Capital LLC boosted its holdings in Target by 2.4% in the 4th quarter. Napatree Capital LLC now owns 3,609 shares of the retailer’s stock worth $488,000 after buying an additional 85 shares during the last quarter. Stevens Capital Management LP increased its stake in Target by 185.4% during the 4th quarter. Stevens Capital Management LP now owns 14,628 shares of the retailer’s stock worth $1,977,000 after buying an additional 9,502 shares in the last quarter. Finally, Banco de Sabadell S.A raised its holdings in shares of Target by 11.6% during the fourth quarter. Banco de Sabadell S.A now owns 16,185 shares of the retailer’s stock valued at $2,189,000 after acquiring an additional 1,680 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TGT shares. Piper Sandler lowered their price target on Target from $132.00 to $124.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. Truist Financial lowered their target price on shares of Target from $134.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday, March 5th. Roth Mkm reiterated a “neutral” rating and issued a $122.00 target price (down from $131.00) on shares of Target in a research report on Wednesday, March 5th. JPMorgan Chase & Co. lowered their price target on shares of Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. Finally, The Goldman Sachs Group cut their price objective on shares of Target from $166.00 to $142.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $145.55.

Target Stock Up 0.1 %

NYSE:TGT opened at $104.29 on Monday. Target Co. has a 52 week low of $101.76 and a 52 week high of $181.86. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The stock’s fifty day moving average is $125.89 and its two-hundred day moving average is $137.93. The stock has a market capitalization of $47.51 billion, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last posted its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.17. The firm had revenue of $30.92 billion for 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%. Research analysts anticipate that Target Co. will post 8.69 EPS 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 paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s payout ratio is currently 50.56%.

About Target

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.