Mather Group LLC. Grows Holdings in Target Co. (NYSE:TGT)

Mather Group LLC. increased its holdings in Target Co. (NYSE:TGT) by 5.2% in the 4th quarter, Holdings Channel reports. The fund owned 97,178 shares of the retailer’s stock after buying an additional 4,842 shares during the quarter. Mather Group LLC.’s holdings in Target were worth $13,137,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Czech National Bank grew its stake in shares of Target by 6.9% in the 3rd quarter. Czech National Bank now owns 94,277 shares of the retailer’s stock worth $14,694,000 after buying an additional 6,119 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Target by 21.2% in the third quarter. GAMMA Investing LLC now owns 10,097 shares of the retailer’s stock worth $1,574,000 after acquiring an additional 1,769 shares in the last quarter. Azzad Asset Management Inc. ADV increased its holdings in shares of Target by 6.5% during the third quarter. Azzad Asset Management Inc. ADV now owns 47,258 shares of the retailer’s stock valued at $7,366,000 after acquiring an additional 2,890 shares in the last quarter. Eagle Rock Investment Company LLC raised its position in shares of Target by 166.3% in the 3rd quarter. Eagle Rock Investment Company LLC now owns 16,179 shares of the retailer’s stock worth $2,522,000 after purchasing an additional 10,103 shares during the last quarter. Finally, Fulton Bank N.A. raised its position in shares of Target by 1.2% in the 3rd quarter. Fulton Bank N.A. now owns 34,685 shares of the retailer’s stock worth $5,406,000 after purchasing an additional 410 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

Target Trading Down 2.7 %

Shares of TGT opened at $134.24 on Tuesday. The stock has a market capitalization of $61.51 billion, a PE ratio of 14.24, a P/E/G ratio of 2.24 and a beta of 1.15. The company’s fifty day moving average is $134.80 and its 200 day moving average is $144.33. 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 Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86.

Target (NYSE:TGT) last posted its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter last year, the firm earned $2.10 earnings per share. The business’s quarterly revenue was up .9% on a year-over-year basis. Sell-side analysts expect that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be issued a $1.12 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.34%. Target’s dividend payout ratio (DPR) is presently 47.51%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TGT shares. Hsbc Global Res lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. BMO Capital Markets reduced their price target on shares of Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research report on Thursday, November 21st. Daiwa America cut Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Truist Financial lifted their target price on Target from $129.00 to $134.00 and gave the stock a “hold” rating in a report on Friday, January 17th. Finally, Evercore ISI lowered their price target on Target from $165.00 to $130.00 and set an “in-line” rating on the stock 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’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $157.70.

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.