Greystone Financial Group LLC Purchases 17,349 Shares of Target Co. (NYSE:TGT)

Greystone Financial Group LLC boosted its holdings in shares of Target Co. (NYSE:TGT) by 43.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 57,289 shares of the retailer’s stock after buying an additional 17,349 shares during the period. Greystone Financial Group LLC’s holdings in Target were worth $7,744,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Cynosure Group LLC raised its holdings in shares of Target by 4.3% in the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock valued at $248,000 after acquiring an additional 65 shares in the last quarter. Financial Advocates Investment Management raised its stake in Target by 1.2% in the third quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock valued at $894,000 after purchasing an additional 67 shares in the last quarter. Hancock Whitney Corp lifted its position in Target by 3.3% during 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 during the last quarter. Eagle Bluffs Wealth Management LLC grew its stake in Target by 1.1% in the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock worth $1,063,000 after buying an additional 73 shares in the last quarter. Finally, Proffitt & Goodson Inc. grew its stake in Target by 2.2% in the 3rd quarter. Proffitt & Goodson Inc. now owns 3,460 shares of the retailer’s stock worth $539,000 after buying an additional 73 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. HSBC downgraded shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price objective for the company. in a report on Wednesday, November 20th. TD Cowen dropped their price target on Target from $165.00 to $145.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft cut Target from a “buy” rating to a “hold” rating and cut their price objective for the stock from $184.00 to $108.00 in a report on Wednesday, November 20th. Truist Financial raised their price objective on Target from $129.00 to $134.00 and gave the company a “hold” rating in a report on Friday, January 17th. Finally, Hsbc Global Res lowered Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Target presently has an average rating of “Hold” and a consensus target price of $157.70.

Target Price Performance

Shares of TGT stock opened at $124.40 on Friday. 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 fifty-two week low of $120.21 and a fifty-two week high of $181.86. The firm has a market cap of $57.00 billion, a P/E ratio of 13.19, a P/E/G ratio of 1.98 and a beta of 1.15. The business’s 50 day moving average price is $134.41 and its 200-day moving average price is $142.67.

Target (NYSE:TGT) last released its quarterly earnings results 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 net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter last year, the firm earned $2.10 EPS. The business’s revenue was up .9% on a year-over-year basis. On average, equities research analysts anticipate that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s payout ratio is 47.51%.

About Target

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.