Tyler Stone Wealth Management Grows Stock Holdings in Target Co. (NYSE:TGT)

Tyler Stone Wealth Management boosted its holdings in Target Co. (NYSE:TGT) by 42.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,189 shares of the retailer’s stock after buying an additional 947 shares during the quarter. Tyler Stone Wealth Management’s holdings in Target were worth $431,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TGT. Cynosure Group LLC boosted its position in shares of Target by 4.3% during the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after acquiring an additional 65 shares in the last quarter. Hancock Whitney Corp boosted its holdings in 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 purchasing an additional 68 shares in the last quarter. Kathmere Capital Management LLC increased its stake in 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. Horrell Capital Management Inc. raised 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 worth $3,603,000 after purchasing an additional 76 shares in the last quarter. Finally, First PREMIER Bank lifted its position in shares of Target by 21.9% during the 4th quarter. First PREMIER Bank now owns 445 shares of the retailer’s stock worth $61,000 after buying an additional 80 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Performance

Shares of TGT stock opened at $106.05 on Thursday. The stock has a fifty day moving average price of $124.09 and a 200 day moving average price of $137.08. 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 stock has a market cap of $48.32 billion, a PE ratio of 11.25, a P/E/G ratio of 1.94 and a beta of 1.18. Target Co. has a 1 year low of $101.76 and a 1 year high of $181.86.

Target (NYSE:TGT) last released its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping the consensus estimate of $2.24 by $0.17. The business had revenue of $30.92 billion for 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%. Sell-side analysts forecast that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be given a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.22%. Target’s dividend payout ratio is presently 50.56%.

Wall Street Analyst Weigh In

Several brokerages recently commented on TGT. JPMorgan Chase & Co. cut their price target on shares of Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. Stifel Nicolaus cut their target price on Target from $130.00 to $120.00 and set a “hold” rating on the stock in a research report on Thursday, March 20th. KGI Securities set a $132.00 target price on Target in a research report on Wednesday, March 5th. Piper Sandler lowered their price objective on shares of Target from $132.00 to $124.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. Finally, Citigroup dropped their price target on Target from $133.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $145.55.

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.