Target Co. (NYSE:TGT) Stock Position Increased by Waterway Wealth Management LLC

Waterway Wealth Management LLC grew its position in Target Co. (NYSE:TGT) by 30.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,682 shares of the retailer’s stock after purchasing an additional 857 shares during the period. Waterway Wealth Management LLC’s holdings in Target were worth $498,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Private Trust Co. NA grew its position in Target by 1.2% in the 4th quarter. Private Trust Co. NA now owns 9,988 shares of the retailer’s stock valued at $1,350,000 after buying an additional 114 shares in the last quarter. Verus Capital Partners LLC boosted its holdings in shares of Target by 10.6% in the fourth quarter. Verus Capital Partners LLC now owns 5,277 shares of the retailer’s stock valued at $713,000 after acquiring an additional 506 shares in the last quarter. Peloton Wealth Strategists bought a new stake in Target during the fourth quarter worth approximately $1,918,000. Proficio Capital Partners LLC lifted its position in Target by 23,464.9% in the fourth quarter. Proficio Capital Partners LLC now owns 605,618 shares of the retailer’s stock worth $81,867,000 after purchasing an additional 603,048 shares during the period. Finally, Kovack Advisors Inc. increased its position in shares of Target by 14.8% during the 4th quarter. Kovack Advisors Inc. now owns 4,116 shares of the retailer’s stock valued at $556,000 after purchasing an additional 531 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Trading Down 1.0 %

TGT opened at $122.80 on Friday. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The firm has a market capitalization of $56.27 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 1.94 and a beta of 1.15. The company’s 50 day moving average price is $133.91 and its two-hundred day moving average price is $142.42.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio is presently 47.51%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Oppenheimer restated an “outperform” rating and issued a $165.00 price objective on shares of Target in a report on Monday, November 25th. Sanford C. Bernstein upped their target price on Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 28th. Truist Financial lifted their price objective on shares of Target from $129.00 to $134.00 and gave the company a “hold” rating in a research note on Friday, January 17th. StockNews.com raised shares of Target from a “hold” rating to a “buy” rating in a research report on Saturday, February 22nd. Finally, TD Cowen lowered their target price on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $157.93.

Target Company 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.