Target Co. (NYSE:TGT) Shares Purchased by Monte Financial Group LLC

Monte Financial Group LLC lifted its position in shares of Target Co. (NYSE:TGT) by 6.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,411 shares of the retailer’s stock after buying an additional 3,479 shares during the quarter. Target makes up 3.1% of Monte Financial Group LLC’s investment portfolio, making the stock its 3rd largest position. Monte Financial Group LLC’s holdings in Target were worth $7,355,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Legacy Investment Solutions LLC purchased a new position in Target during the third quarter worth approximately $28,000. Wolff Wiese Magana LLC increased its holdings in shares of Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after buying an additional 133 shares during the last quarter. MCF Advisors LLC boosted its holdings in 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 last quarter. Raleigh Capital Management Inc. grew its position in 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 period. Finally, FSA Wealth Management LLC acquired a new stake in Target during the third quarter worth about $36,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Up 0.5 %

Shares of NYSE:TGT opened at $137.99 on Friday. The company’s fifty day moving average is $134.37 and its two-hundred day moving average is $144.82. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86. The stock has a market capitalization of $63.23 billion, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 2.21 and a beta of 1.16.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. During the same quarter last year, the company earned $2.10 EPS. Target’s revenue was up .9% compared to the same quarter last year. Equities analysts anticipate that Target Co. will post 8.68 EPS for the current year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.25%. Target’s dividend payout ratio is currently 47.51%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Truist Financial lifted their price objective on Target from $129.00 to $134.00 and gave the company a “hold” rating in a research note on Friday, January 17th. Hsbc Global Res downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Telsey Advisory Group reissued an “outperform” rating and issued a $150.00 target price on shares of Target in a research note on Friday, January 17th. Evercore ISI reduced their target price on shares of Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a report on Thursday, November 21st. Finally, TD Cowen cut their price objective on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Target has an average rating of “Hold” and an average target price of $158.57.

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.