Target Co. (NYSE:TGT) Stock Holdings Boosted by Cetera Advisors LLC

Cetera Advisors LLC increased its stake in Target Co. (NYSE:TGT) by 142.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 60,879 shares of the retailer’s stock after buying an additional 35,759 shares during the quarter. Cetera Advisors LLC’s holdings in Target were worth $10,788,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Cetera Investment Advisers lifted its holdings in Target by 163.6% in the first quarter. Cetera Investment Advisers now owns 168,426 shares of the retailer’s stock worth $29,847,000 after purchasing an additional 104,529 shares during the period. Invst LLC lifted its holdings in Target by 33.5% in the first quarter. Invst LLC now owns 11,586 shares of the retailer’s stock worth $2,060,000 after purchasing an additional 2,908 shares during the period. Swedbank AB acquired a new stake in Target in the 1st quarter valued at about $107,367,000. Sanibel Captiva Trust Company Inc. lifted its holdings in Target by 15.5% in the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 56,850 shares of the retailer’s stock valued at $10,074,000 after acquiring an additional 7,639 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in Target in the 1st quarter valued at about $77,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Trading Down 5.3 %

Shares of TGT stock opened at $139.17 on Friday. Target Co. has a 12 month low of $102.93 and a 12 month high of $181.86. The company has a quick ratio of 0.27, a current ratio of 0.86 and a debt-to-equity ratio of 0.97. The company has a market cap of $64.39 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 1.38 and a beta of 1.19. The business’s 50 day moving average is $147.70 and its two-hundred day moving average is $154.56.

Target (NYSE:TGT) last issued its earnings results on Wednesday, May 22nd. The retailer reported $2.03 EPS for the quarter, missing the consensus estimate of $2.05 by ($0.02). Target had a return on equity of 31.91% and a net margin of 3.87%. The firm had revenue of $24.14 billion during the quarter, compared to the consensus estimate of $24.52 billion. During the same period last year, the business earned $2.05 earnings per share. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. Equities analysts predict that Target Co. will post 9.31 EPS for the current year.

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.22%. This is a positive change from Target’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, August 21st. Target’s dividend payout ratio (DPR) is presently 49.38%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TGT. Truist Financial upped their price target on shares of Target from $153.00 to $156.00 and gave the company a “hold” rating in a report on Thursday. Roth Mkm reissued a “neutral” rating and issued a $153.00 price target on shares of Target in a report on Thursday, May 23rd. Telsey Advisory Group reissued an “outperform” rating and issued a $195.00 price target on shares of Target in a report on Wednesday, May 22nd. Evercore ISI upped their price target on shares of Target from $165.00 to $166.00 and gave the company an “in-line” rating in a report on Thursday, June 20th. Finally, BNP Paribas assumed coverage on shares of Target in a report on Monday, June 3rd. They issued an “underperform” rating and a $116.00 price target for the company. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Target currently has an average rating of “Moderate Buy” and a consensus target price of $176.68.

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.