Intellectus Partners LLC Buys 285 Shares of Target Co. (NYSE:TGT)

Intellectus Partners LLC lifted its stake in shares of Target Co. (NYSE:TGT) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,880 shares of the retailer’s stock after acquiring an additional 285 shares during the quarter. Intellectus Partners LLC’s holdings in Target were worth $795,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in TGT. Legacy Investment Solutions LLC bought a new stake in shares of Target during the 3rd quarter worth about $28,000. MCF Advisors LLC boosted its stake in shares of Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after acquiring an additional 163 shares in the last quarter. Raleigh Capital Management Inc. boosted its stake in shares of Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after acquiring an additional 135 shares in the last quarter. FSA Wealth Management LLC bought a new stake in shares of Target during the 3rd quarter worth about $36,000. Finally, First Financial Corp IN boosted its stake in shares of Target by 330.8% during the 4th quarter. First Financial Corp IN now owns 280 shares of the retailer’s stock worth $38,000 after acquiring an additional 215 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

TGT has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price target on Target from $146.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday. Citigroup decreased their target price on Target from $133.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday. Guggenheim increased their target price on Target from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Truist Financial decreased their target price on Target from $134.00 to $124.00 and set a “hold” rating for the company in a research note on Wednesday. Finally, Daiwa Capital Markets downgraded Target from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $170.00 to $130.00 in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $147.00.

Target Trading Up 0.9 %

Shares of TGT opened at $115.11 on Friday. The stock has a 50 day simple moving average of $132.05 and a 200-day simple moving average of $141.49. Target Co. has a 1 year low of $112.10 and a 1 year high of $181.86. The stock has a market cap of $52.74 billion, a PE ratio of 12.21, a PEG ratio of 1.94 and a beta of 1.18. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last released its quarterly earnings results 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 firm had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. On average, sell-side analysts predict that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Wednesday, February 12th were issued a dividend of $1.12 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.89%. Target’s dividend payout ratio is 50.56%.

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.