GWN Securities Inc. Takes Position in Target Co. (NYSE:TGT)

GWN Securities Inc. purchased a new stake in shares of Target Co. (NYSE:TGT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,942 shares of the retailer’s stock, valued at approximately $682,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CIBC Asset Management Inc boosted its position in shares of Target by 7.0% during the third quarter. CIBC Asset Management Inc now owns 79,245 shares of the retailer’s stock valued at $12,351,000 after buying an additional 5,192 shares during the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Target during the third quarter valued at $209,000. Natixis Advisors LLC boosted its position in shares of Target by 6.4% during the third quarter. Natixis Advisors LLC now owns 395,076 shares of the retailer’s stock valued at $61,577,000 after buying an additional 23,741 shares during the last quarter. RIA Advisory Group LLC purchased a new position in Target in the third quarter worth about $241,000. Finally, Schear Investment Advisers LLC boosted its position in Target by 6.1% in the third quarter. Schear Investment Advisers LLC now owns 1,540 shares of the retailer’s stock worth $240,000 after purchasing an additional 89 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on TGT shares. Roth Mkm reissued a “neutral” rating and issued a $122.00 target price (down from $131.00) on shares of Target in a research report on Wednesday, March 5th. StockNews.com cut Target from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Truist Financial dropped their target price on Target from $134.00 to $124.00 and set a “hold” rating on the stock in a research report on Wednesday, March 5th. Citigroup dropped their target price on Target from $133.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. Finally, Bank of America decreased their price objective on Target from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Target has a consensus rating of “Hold” and a consensus target price of $145.87.

Target Stock Performance

NYSE:TGT opened at $104.71 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target Co. has a 1 year low of $103.46 and a 1 year high of $181.86. The stock’s 50 day simple moving average is $129.35 and its two-hundred day simple moving average is $139.63. The company has a market cap of $47.70 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last released its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17. The business had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. As a group, equities analysts anticipate that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s dividend payout ratio (DPR) is 50.56%.

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.