Commonwealth Equity Services LLC Buys 3,689 Shares of Target Co. (NYSE:TGT)

Commonwealth Equity Services LLC grew its stake in shares of Target Co. (NYSE:TGT) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 310,984 shares of the retailer’s stock after buying an additional 3,689 shares during the period. Commonwealth Equity Services LLC owned 0.07% of Target worth $42,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cynosure Group LLC grew its position in Target by 4.3% in the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock valued at $248,000 after acquiring an additional 65 shares in the last quarter. Hancock Whitney Corp grew its position in Target by 3.3% in the 3rd quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock valued at $336,000 after acquiring an additional 68 shares in the last quarter. Kathmere Capital Management LLC grew its position in Target by 3.0% in the 4th quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock valued at $343,000 after acquiring an additional 73 shares in the last quarter. Cahill Financial Advisors Inc. grew its position in Target by 1.0% in the 3rd quarter. Cahill Financial Advisors Inc. now owns 7,490 shares of the retailer’s stock valued at $1,197,000 after acquiring an additional 76 shares in the last quarter. Finally, Summit Financial Wealth Advisors LLC grew its position in Target by 2.5% in the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 3,100 shares of the retailer’s stock valued at $483,000 after acquiring an additional 76 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on TGT shares. HSBC downgraded Target from a “buy” rating to a “hold” rating and set a $138.00 target price for the company. in a research report on Wednesday, November 20th. UBS Group lowered their price objective on Target from $170.00 to $155.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Oppenheimer lowered their price objective on Target from $165.00 to $150.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Truist Financial lowered their price objective on Target from $134.00 to $124.00 and set a “hold” rating for the company in a research report on Wednesday, March 5th. Finally, BMO Capital Markets lowered their price objective on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Target has a consensus rating of “Hold” and an average price target of $145.87.

Target Trading Up 0.2 %

NYSE:TGT opened at $104.71 on Friday. The firm has a market cap of $47.98 billion, a P/E ratio of 11.10, a PEG ratio of 1.94 and a beta of 1.18. 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’s 50 day simple moving average is $129.35 and its 200-day simple moving average is $139.88. Target Co. has a 12-month low of $103.46 and a 12-month high of $181.86.

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

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s dividend payout ratio is presently 50.56%.

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.