Albion Financial Group UT Buys 870 Shares of Target Co. (NYSE:TGT)

Albion Financial Group UT grew its stake in Target Co. (NYSE:TGT) by 2.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,954 shares of the retailer’s stock after purchasing an additional 870 shares during the quarter. Albion Financial Group UT’s holdings in Target were worth $7,612,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. RFG Advisory LLC bought a new position in Target during the fourth quarter worth about $605,000. Nordea Investment Management AB increased its position in Target by 4.9% during the fourth quarter. Nordea Investment Management AB now owns 519,634 shares of the retailer’s stock worth $73,819,000 after acquiring an additional 24,066 shares during the period. Asio Capital LLC increased its position in Target by 109.9% during the fourth quarter. Asio Capital LLC now owns 27,267 shares of the retailer’s stock worth $3,883,000 after acquiring an additional 14,274 shares during the period. Little House Capital LLC bought a new position in Target during the first quarter worth about $1,041,000. Finally, Blue Chip Partners LLC grew its stake in Target by 5.1% during the fourth quarter. Blue Chip Partners LLC now owns 130,179 shares of the retailer’s stock worth $18,540,000 after buying an additional 6,348 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TGT has been the topic of a number of analyst reports. Truist Financial reduced their price objective on shares of Target from $160.00 to $153.00 and set a “hold” rating on the stock in a research note on Thursday, May 23rd. Stifel Nicolaus increased their price objective on shares of Target from $153.00 to $177.00 and gave the stock a “hold” rating in a research note on Wednesday, March 6th. Bank of America increased their price objective on shares of Target from $160.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Evercore ISI increased their price objective on shares of Target from $165.00 to $166.00 and gave the stock an “in-line” rating in a research note on Thursday, June 20th. Finally, Citigroup upgraded shares of Target from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a research note on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $177.61.

Target Trading Down 0.4 %

Target stock traded down $0.59 during mid-day trading on Wednesday, hitting $144.80. 1,633,245 shares of the stock were exchanged, compared to its average volume of 3,915,393. The company has a quick ratio of 0.27, a current ratio of 0.86 and a debt-to-equity ratio of 0.97. Target Co. has a 12 month low of $102.93 and a 12 month high of $181.86. The firm’s fifty day simple moving average is $152.12 and its two-hundred day simple moving average is $153.41. The stock has a market capitalization of $66.99 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 1.39 and a beta of 1.19.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, May 22nd. The retailer reported $2.03 earnings per share for the quarter, missing the consensus estimate of $2.05 by ($0.02). The company had revenue of $24.14 billion during the quarter, compared to the consensus estimate of $24.52 billion. Target had a net margin of 3.87% and a return on equity of 31.91%. The business’s revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.05 EPS. Analysts forecast that Target Co. will post 9.32 EPS for the current year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st will be paid a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $4.48 annualized dividend and a dividend yield of 3.09%. This is a positive change from Target’s previous quarterly dividend of $1.10. Target’s payout ratio is currently 49.38%.

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.