Strong Tower Advisory Services Has $295,000 Holdings in Target Co. (NYSE:TGT)

Strong Tower Advisory Services decreased its holdings in Target Co. (NYSE:TGT) by 26.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,183 shares of the retailer’s stock after selling 796 shares during the quarter. Strong Tower Advisory Services’ holdings in Target were worth $295,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TGT. Legacy Investment Solutions LLC bought a new stake in Target during the 3rd quarter worth about $28,000. Wolff Wiese Magana LLC grew its position in shares of Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after buying an additional 133 shares during the period. FSA Wealth Management LLC bought a new stake in shares of Target during the 3rd quarter valued at $36,000. Catalyst Capital Advisors LLC acquired a new stake in Target in the third quarter worth $38,000. Finally, First Financial Corp IN lifted its holdings in Target by 330.8% during the fourth 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. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TGT has been the subject of several research reports. Citigroup increased their price objective on shares of Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday. Guggenheim lowered their price target on Target from $180.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. TD Cowen lowered their target price on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Truist Financial lifted their price objective on shares of Target from $129.00 to $134.00 and gave the company a “hold” rating in a research report on Friday. Finally, Bank of America reduced their price target on Target from $195.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $158.23.

Target Price Performance

Target stock opened at $133.62 on Monday. The company has a market capitalization of $61.22 billion, a PE ratio of 14.17, a P/E/G ratio of 2.32 and a beta of 1.16. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The stock has a 50-day moving average price of $136.13 and a two-hundred day moving average price of $145.14. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter last year, the business earned $2.10 EPS. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Analysts expect that Target Co. will post 8.6 EPS for the current year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be issued a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.35%. Target’s payout ratio is 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.