Regal Investment Advisors LLC Has $6.93 Million Stock Position in Target Co. (NYSE:TGT)

Regal Investment Advisors LLC boosted its position in Target Co. (NYSE:TGT) by 8.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,242 shares of the retailer’s stock after buying an additional 4,027 shares during the quarter. Regal Investment Advisors LLC’s holdings in Target were worth $6,927,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Invst LLC raised its holdings in Target by 2.4% in the 3rd quarter. Invst LLC now owns 11,760 shares of the retailer’s stock valued at $1,833,000 after acquiring an additional 276 shares in the last quarter. Westside Investment Management Inc. raised its holdings in shares of Target by 5.6% in the 3rd quarter. Westside Investment Management Inc. now owns 1,684 shares of the retailer’s stock worth $257,000 after buying an additional 90 shares in the last quarter. World Investment Advisors LLC lifted its holdings in shares of Target by 142.5% during the third quarter. World Investment Advisors LLC now owns 6,585 shares of the retailer’s stock valued at $1,026,000 after acquiring an additional 3,870 shares during the period. Arvest Bank Trust Division bought a new position in Target during the 3rd quarter valued at about $1,684,000. Finally, Wilmington Savings Fund Society FSB increased its holdings in shares of Target by 331.7% during the third quarter. Wilmington Savings Fund Society FSB now owns 14,387 shares of the retailer’s stock worth $2,242,000 after buying an additional 11,054 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

TGT has been the topic of several recent analyst reports. Piper Sandler reduced their target price on Target from $132.00 to $124.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Oppenheimer reduced their price objective on Target from $165.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Evercore ISI lowered their target price on Target from $130.00 to $120.00 and set an “in-line” rating for the company in a research note on Tuesday, April 1st. Guggenheim upped their price target on shares of Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, Citigroup dropped their target price on shares of Target from $133.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, twenty-one have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $134.57.

Target Stock Up 1.8 %

Shares of Target stock opened at $94.45 on Tuesday. Target Co. has a 1 year low of $87.35 and a 1 year high of $169.80. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The company has a market capitalization of $43.03 billion, a P/E ratio of 10.02, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28. The business has a 50-day moving average of $112.19 and a two-hundred day moving average of $131.26.

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

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio (DPR) is currently 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.