Fort Washington Investment Advisors Inc. OH Purchases 54,533 Shares of Target Co. (NYSE:TGT)

Fort Washington Investment Advisors Inc. OH raised its position in shares of Target Co. (NYSE:TGT) by 20.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 322,885 shares of the retailer’s stock after purchasing an additional 54,533 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.07% of Target worth $43,648,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Cynosure Group LLC increased its position in shares of Target by 4.3% during the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock valued at $248,000 after purchasing an additional 65 shares during the last quarter. Financial Advocates Investment Management boosted its stake in Target by 1.2% during the third quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock worth $894,000 after buying an additional 67 shares during the period. Hancock Whitney Corp increased its position in Target by 3.3% during the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock valued at $336,000 after acquiring an additional 68 shares during the last quarter. Trust Co. of Vermont increased its position in Target by 0.4% during the third quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer’s stock valued at $2,444,000 after acquiring an additional 69 shares during the last quarter. Finally, Eagle Bluffs Wealth Management LLC raised its stake in shares of Target by 1.1% in the third quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock valued at $1,063,000 after acquiring an additional 73 shares during the period. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TGT has been the topic of several analyst reports. Citigroup upped their price target on shares of Target from $130.00 to $133.00 and gave the company a “neutral” rating in a report on Friday, January 17th. JPMorgan Chase & Co. cut their target price on Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. Hsbc Global Res lowered Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Truist Financial boosted their price objective on Target from $129.00 to $134.00 and gave the company a “hold” rating in a report on Friday, January 17th. Finally, 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. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, Target currently has a consensus rating of “Hold” and an average price target of $158.23.

Target Price Performance

NYSE TGT opened at $137.28 on Wednesday. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86. The firm’s fifty day simple moving average is $135.74 and its two-hundred day simple moving average is $145.07. 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 firm has a market capitalization of $62.90 billion, a P/E ratio of 14.56, a P/E/G ratio of 2.19 and a beta of 1.16.

Target (NYSE:TGT) last announced its 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). Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. During the same quarter last year, the firm earned $2.10 earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Analysts forecast that Target Co. will post 8.62 EPS for the current fiscal 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 given a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s payout ratio is currently 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.