Hager Investment Management Services LLC Buys New Stake in Target Co. (NYSE:TGT)

Hager Investment Management Services LLC purchased a new stake in Target Co. (NYSE:TGT) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 290 shares of the retailer’s stock, valued at approximately $39,000.

A number of other institutional investors also recently bought and sold shares of TGT. State Street Corp raised its position in shares of Target by 8.3% during the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after acquiring an additional 2,732,801 shares in the last quarter. FMR LLC increased its stake in Target by 11.7% in the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after purchasing an additional 1,046,044 shares during the last quarter. Geode Capital Management LLC increased its stake in Target by 1.4% in the third quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock valued at $1,461,456,000 after purchasing an additional 130,691 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Target by 1.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,321,055 shares of the retailer’s stock worth $517,620,000 after purchasing an additional 62,916 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Target by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,053,471 shares of the retailer’s stock worth $475,914,000 after buying an additional 56,695 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Stock Down 0.2 %

Shares of NYSE TGT opened at $135.27 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The firm’s 50-day moving average is $135.05 and its two-hundred day moving average is $144.11. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86. The company has a market capitalization of $61.98 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 2.24 and a beta of 1.15.

Target (NYSE:TGT) last announced its earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. During the same quarter last year, the company posted $2.10 EPS. Target’s quarterly revenue was up .9% compared to the same quarter last year. Equities analysts anticipate that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.31%. Target’s dividend payout ratio is currently 47.51%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TGT. Piper Sandler dropped their target price on shares of Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Truist Financial raised their price objective on Target from $129.00 to $134.00 and gave the stock a “hold” rating in a report on Friday, January 17th. Roth Mkm reduced their target price on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Citigroup raised their price target on Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Finally, HSBC cut Target from a “buy” rating to a “hold” rating and set a $138.00 price objective for the company. in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $157.70.

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.