Gateway Wealth Partners LLC Boosts Stock Holdings in Target Co. (NYSE:TGT)

Gateway Wealth Partners LLC boosted its position in Target Co. (NYSE:TGT) by 16.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,781 shares of the retailer’s stock after purchasing an additional 251 shares during the period. Gateway Wealth Partners LLC’s holdings in Target were worth $241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in TGT. SteelPeak Wealth LLC raised its stake in Target by 3.2% in the 4th quarter. SteelPeak Wealth LLC now owns 3,317 shares of the retailer’s stock valued at $448,000 after acquiring an additional 103 shares during the period. Jeppson Wealth Management LLC raised its position in shares of Target by 38.5% in the fourth quarter. Jeppson Wealth Management LLC now owns 2,037 shares of the retailer’s stock valued at $275,000 after purchasing an additional 566 shares during the period. Curbstone Financial Management Corp lifted its stake in shares of Target by 1.2% during the 4th quarter. Curbstone Financial Management Corp now owns 11,272 shares of the retailer’s stock valued at $1,524,000 after buying an additional 138 shares in the last quarter. Griffin Asset Management Inc. boosted its holdings in Target by 1.2% in the 4th quarter. Griffin Asset Management Inc. now owns 63,254 shares of the retailer’s stock worth $8,551,000 after buying an additional 757 shares during the period. Finally, Mount Yale Investment Advisors LLC grew its stake in Target by 358.7% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 25,816 shares of the retailer’s stock valued at $3,490,000 after buying an additional 20,188 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Citigroup raised their price target on Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Truist Financial lifted their target price on Target from $129.00 to $134.00 and gave the company a “hold” rating in a report on Friday, January 17th. StockNews.com raised shares of Target from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Wells Fargo & Company reduced their price objective on shares of Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. Finally, Guggenheim increased their target price on shares of Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $157.70.

Target Trading Down 0.6 %

NYSE:TGT opened at $140.28 on Thursday. The firm has a market capitalization of $64.28 billion, a P/E ratio of 14.88, a P/E/G ratio of 2.21 and a beta of 1.16. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The company has a fifty day moving average of $133.80 and a 200 day moving average of $144.64.

Target (NYSE:TGT) last issued its quarterly earnings data 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 net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same period last year, the company posted $2.10 earnings per share. The business’s revenue was up .9% on a year-over-year basis. On average, research analysts predict that Target Co. will post 8.68 earnings per share for the current year.

Target Announces Dividend

The firm 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. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.19%. Target’s dividend payout ratio (DPR) is presently 47.51%.

Target Company 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.