RPG Investment Advisory LLC Has $6.03 Million Holdings in Target Co. (NYSE:TGT)

RPG Investment Advisory LLC reduced its position in Target Co. (NYSE:TGT) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,622 shares of the retailer’s stock after selling 1,060 shares during the period. RPG Investment Advisory LLC’s holdings in Target were worth $6,032,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in Target in the 3rd quarter worth about $28,000. MCF Advisors LLC increased its holdings in shares of Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after acquiring an additional 163 shares during the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after acquiring an additional 135 shares during the last quarter. FSA Wealth Management LLC acquired a new position in shares of Target during the 3rd quarter valued at about $36,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Target during the 3rd quarter valued at about $38,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. HSBC lowered Target from a “buy” rating to a “hold” rating and set a $138.00 price objective on the stock. in a report on Wednesday, November 20th. TD Cowen lowered their price objective on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Citigroup increased their price objective on Target from $130.00 to $133.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Piper Sandler decreased their target price on Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Finally, JPMorgan Chase & Co. decreased their target price on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $157.70.

Target Trading Down 2.9 %

TGT stock opened at $124.40 on Monday. The business has a fifty day moving average price of $134.41 and a 200 day moving average price of $142.80. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The stock has a market capitalization of $57.00 billion, a price-to-earnings ratio of 13.19, a P/E/G ratio of 1.94 and a beta of 1.15. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.60%. Target’s dividend payout ratio is 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.