MKT Advisors LLC Has $479,000 Holdings in Target Co. (NYSE:TGT)

MKT Advisors LLC lifted its position in shares of Target Co. (NYSE:TGT) by 20.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,585 shares of the retailer’s stock after purchasing an additional 606 shares during the period. MKT Advisors LLC’s holdings in Target were worth $479,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new stake in Target during the 3rd quarter worth approximately $28,000. Wolff Wiese Magana LLC grew its holdings in Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after buying an additional 133 shares in the last quarter. MCF Advisors LLC raised its position in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after buying an additional 163 shares during the last quarter. Raleigh Capital Management Inc. lifted its stake in Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after acquiring an additional 135 shares in the last quarter. Finally, FSA Wealth Management LLC purchased a new position in Target during the 3rd quarter worth $36,000. 79.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TGT has been the subject of several analyst reports. Piper Sandler lowered their target price on shares of Target from $156.00 to $130.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Stifel Nicolaus increased their price objective on shares of Target from $137.00 to $145.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. TD Cowen cut their target price on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. JPMorgan Chase & Co. decreased their price target on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Finally, Daiwa Capital Markets cut Target from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $170.00 to $130.00 in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $158.57.

Target Stock Up 0.5 %

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

Target (NYSE:TGT) last posted its earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS 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 analysts’ expectations of $25.87 billion. During the same quarter in the previous year, the firm earned $2.10 earnings per share. Target’s quarterly revenue was up .9% compared to the same quarter last year. Analysts anticipate that Target Co. will post 8.68 EPS for the current fiscal year.

Target Announces Dividend

The business 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. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.25%. Target’s payout ratio is presently 47.51%.

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.