Ritter Daniher Financial Advisory LLC DE Has $51,000 Stake in Target Co. (NYSE:TGT)

Ritter Daniher Financial Advisory LLC DE grew its stake in shares of Target Co. (NYSE:TGT) by 66.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 375 shares of the retailer’s stock after buying an additional 150 shares during the period. Ritter Daniher Financial Advisory LLC DE’s holdings in Target were worth $51,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Trek Financial LLC raised its holdings in Target by 51.5% in the 4th quarter. Trek Financial LLC now owns 6,970 shares of the retailer’s stock valued at $942,000 after acquiring an additional 2,369 shares in the last quarter. FMR LLC raised its stake in shares of Target by 13.6% in the fourth quarter. FMR LLC now owns 11,338,729 shares of the retailer’s stock valued at $1,532,769,000 after purchasing an additional 1,358,348 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of Target by 4.4% in the fourth quarter. Federated Hermes Inc. now owns 710,469 shares of the retailer’s stock valued at $96,041,000 after purchasing an additional 29,765 shares in the last quarter. Titleist Asset Management LLC lifted its position in Target by 53.3% in the fourth quarter. Titleist Asset Management LLC now owns 2,014 shares of the retailer’s stock worth $272,000 after purchasing an additional 700 shares during the period. Finally, Ilmarinen Mutual Pension Insurance Co increased its holdings in Target by 11.6% in the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 53,000 shares of the retailer’s stock valued at $7,165,000 after buying an additional 5,500 shares during the period. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on TGT shares. The Goldman Sachs Group reduced their price objective on shares of Target from $166.00 to $142.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Gordon Haskett cut shares of Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. lowered their price objective on Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. KGI Securities set a $132.00 target price on Target in a research report on Wednesday, March 5th. Finally, Piper Sandler lowered their price target on Target from $132.00 to $124.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $140.24.

Target Stock Up 1.5 %

Shares of NYSE:TGT opened at $95.70 on Monday. The company has a 50 day moving average of $119.41 and a 200-day moving average of $134.60. Target Co. has a one year low of $90.62 and a one year high of $173.05. The stock has a market cap of $43.60 billion, a price-to-earnings ratio of 10.15, a P/E/G ratio of 1.94 and a beta of 1.28. 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 (NYSE:TGT) last issued its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. On average, sell-side analysts forecast that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

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 given a dividend of $1.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.68%. Target’s payout ratio is currently 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.