Harbour Investments Inc. Raises Stake in Target Co. (NYSE:TGT)

Harbour Investments Inc. boosted its position in Target Co. (NYSE:TGT) by 11.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,180 shares of the retailer’s stock after purchasing an additional 835 shares during the period. Harbour Investments Inc.’s holdings in Target were worth $1,106,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on TGT. Oppenheimer lowered their price objective on Target from $165.00 to $150.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Citigroup decreased their target price on Target from $133.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. Truist Financial decreased their target price on Target from $134.00 to $124.00 and set a “hold” rating on the stock in a research report on Wednesday, March 5th. Stifel Nicolaus decreased their target price on Target from $145.00 to $130.00 and set a “hold” rating on the stock in a research report on Wednesday, March 5th. Finally, KGI Securities set a $132.00 target price on Target in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Target currently has a consensus rating of “Hold” and a consensus price target of $145.87.

Target Stock Down 1.1 %

Shares of NYSE:TGT opened at $104.55 on Wednesday. The business has a 50-day moving average price of $127.98 and a 200 day moving average price of $138.95. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $47.63 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 1.94 and a beta of 1.18. Target Co. has a 12-month low of $103.46 and a 12-month high of $181.86.

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

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors 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 4.29%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s dividend payout ratio (DPR) is 50.56%.

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.