Compass Financial Services Inc Buys New Stake in Target Co. (NYSE:TGT)

Compass Financial Services Inc purchased a new stake in Target Co. (NYSE:TGT) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 296 shares of the retailer’s stock, valued at approximately $40,000.

Several other large investors have also made changes to their positions in the business. Newbridge Financial Services Group Inc. bought a new position in Target during the fourth quarter worth $128,000. Kestra Private Wealth Services LLC raised its position in shares of Target by 5.2% during the fourth quarter. Kestra Private Wealth Services LLC now owns 42,171 shares of the retailer’s stock valued at $5,701,000 after buying an additional 2,080 shares during the last quarter. Stephens Inc. AR lifted its stake in shares of Target by 245.4% in the fourth quarter. Stephens Inc. AR now owns 58,725 shares of the retailer’s stock valued at $7,938,000 after buying an additional 41,723 shares during the period. Robinson Value Management Ltd. grew its position in Target by 2.7% during the fourth quarter. Robinson Value Management Ltd. now owns 18,721 shares of the retailer’s stock worth $2,531,000 after buying an additional 487 shares in the last quarter. Finally, Benedict Financial Advisors Inc. increased its stake in Target by 9.9% during the fourth quarter. Benedict Financial Advisors Inc. now owns 22,482 shares of the retailer’s stock valued at $3,039,000 after acquiring an additional 2,029 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on TGT shares. JPMorgan Chase & Co. decreased their price objective on Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Truist Financial raised their target price on Target from $129.00 to $134.00 and gave the stock a “hold” rating in a research report on Friday, January 17th. Evercore ISI lowered their price target on shares of Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft downgraded shares of Target from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $184.00 to $108.00 in a report on Wednesday, November 20th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $150.00 target price on shares of Target in a research note on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $157.70.

Target Stock Performance

Shares of TGT stock opened at $131.29 on Friday. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86. The company has a market capitalization of $60.16 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 2.04 and a beta of 1.15. The company has a 50-day simple moving average of $135.22 and a 200 day simple moving average of $143.84. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). The firm had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the business posted $2.10 earnings per share. On average, sell-side analysts predict that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.41%. Target’s payout ratio is presently 47.51%.

Target 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.