Summitry LLC Boosts Stock Holdings in Target Co. (NYSE:TGT)

Summitry LLC boosted its stake in shares of Target Co. (NYSE:TGT) by 5.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,150 shares of the retailer’s stock after acquiring an additional 2,036 shares during the quarter. Summitry LLC’s holdings in Target were worth $5,698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Legacy Investment Solutions LLC purchased a new stake in shares of Target during the third quarter valued at approximately $28,000. Hopwood Financial Services Inc. purchased a new stake in Target during the 4th quarter valued at $29,000. FSA Wealth Management LLC bought a new stake in Target in the 3rd quarter worth $36,000. MCF Advisors LLC increased its position in shares of Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after acquiring an additional 163 shares during the period. Finally, Raleigh Capital Management Inc. raised its stake in shares of Target by 110.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after acquiring an additional 135 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

Target Trading Down 2.8 %

Shares of NYSE TGT opened at $105.37 on Wednesday. The firm’s 50 day moving average price is $124.66 and its 200-day moving average price is $137.30. Target Co. has a 52-week low of $101.76 and a 52-week high of $181.86. 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 $48.00 billion, a PE ratio of 11.17, a P/E/G ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17. The company had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. On average, equities research analysts expect that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be issued a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.25%. Target’s payout ratio is 50.56%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. The Goldman Sachs Group cut their target price on Target from $166.00 to $142.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Truist Financial reduced their target price on Target from $134.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday, March 5th. UBS Group dropped their price target on Target from $170.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Gordon Haskett cut shares of Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Finally, DA Davidson decreased their price objective on shares of Target from $153.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $145.55.

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.