31,738 Shares in Target Co. (NYSE:TGT) Acquired by Strategic Global Advisors LLC

Strategic Global Advisors LLC bought a new stake in Target Co. (NYSE:TGT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 31,738 shares of the retailer’s stock, valued at approximately $4,290,000.

Several other large investors also recently added to or reduced their stakes in TGT. Hopwood Financial Services Inc. acquired a new stake in shares of Target in the 4th quarter valued at $29,000. Bernard Wealth Management Corp. acquired a new position in Target during the fourth quarter worth $30,000. MCF Advisors LLC raised its holdings in Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after buying an additional 163 shares in the last quarter. Raleigh Capital Management Inc. lifted its position in shares of Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after buying an additional 135 shares during the last quarter. Finally, Legacy Investment Solutions LLC boosted its stake in shares of Target by 47.5% during the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer’s stock worth $35,000 after acquiring an additional 85 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TGT. Piper Sandler cut their price objective on Target from $124.00 to $105.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Jefferies Financial Group lowered their price target on Target from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Guggenheim boosted their price objective on shares of Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Roth Capital set a $122.00 price objective on shares of Target in a report on Wednesday, March 5th. Finally, Sanford C. Bernstein downgraded shares of Target from a “market perform” rating to an “underperform” rating and dropped their target price for the stock from $97.00 to $82.00 in a report on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $128.13.

Target Stock Performance

Shares of NYSE TGT opened at $98.56 on Friday. Target Co. has a one year low of $87.35 and a one year high of $167.40. 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 business has a fifty day simple moving average of $98.24 and a 200 day simple moving average of $121.85. The firm has a market capitalization of $44.78 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 1.94 and a beta of 1.27.

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

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio is 50.56%.

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.