2,767 Shares in Target Co. (NYSE:TGT) Bought by Natural Investments LLC

Natural Investments LLC bought a new position in Target Co. (NYSE:TGT) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,767 shares of the retailer’s stock, valued at approximately $374,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new position in shares of Target during the third quarter valued at $28,000. MCF Advisors LLC lifted its holdings in shares of 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 acquiring an additional 163 shares during the period. Raleigh Capital Management Inc. lifted its holdings in shares of 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. FSA Wealth Management LLC bought a new position in shares of Target during the third quarter valued at $36,000. Finally, OFI Invest Asset Management bought a new position in shares of Target during the fourth quarter valued at $36,000. 79.73% of the stock is owned by institutional investors.

Target Stock Down 0.8 %

Shares of NYSE:TGT opened at $112.88 on Wednesday. Target Co. has a 52-week low of $111.84 and a 52-week high of $181.86. The firm has a market capitalization of $51.72 billion, a P/E ratio of 11.97, a P/E/G ratio of 1.94 and a beta of 1.18. The stock has a 50 day moving average price of $131.18 and a 200-day moving average price of $140.74. 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 (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. As a group, equities research analysts anticipate that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Wednesday, February 12th were given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date was Wednesday, February 12th. Target’s dividend payout ratio (DPR) is presently 50.56%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Guggenheim lifted their price target on Target from $145.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Piper Sandler cut their price target on Target from $132.00 to $124.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. Telsey Advisory Group cut their price target on Target from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Wednesday, March 5th. JPMorgan Chase & Co. cut their price target on Target from $146.00 to $140.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. Finally, Evercore ISI lowered their price objective on Target from $135.00 to $130.00 and set an “in-line” rating for the company in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $145.87.

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.