Avantax Planning Partners Inc. Has $1.60 Million Stake in Target Co. (NYSE:TGT)

Avantax Planning Partners Inc. boosted its stake in Target Co. (NYSE:TGT) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,857 shares of the retailer’s stock after purchasing an additional 201 shares during the period. Avantax Planning Partners Inc.’s holdings in Target were worth $1,603,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. River Road Asset Management LLC grew its holdings in Target by 144.9% during the 4th quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer’s stock worth $31,699,000 after acquiring an additional 138,751 shares during the period. Citizens Financial Group Inc. RI grew its holdings in Target by 28.5% during the 4th quarter. Citizens Financial Group Inc. RI now owns 85,606 shares of the retailer’s stock worth $11,572,000 after acquiring an additional 19,012 shares during the period. Sage Mountain Advisors LLC grew its holdings in Target by 13.4% during the 4th quarter. Sage Mountain Advisors LLC now owns 4,785 shares of the retailer’s stock worth $647,000 after acquiring an additional 567 shares during the period. Channing Capital Management LLC acquired a new stake in Target during the 4th quarter worth about $8,866,000. Finally, Morton Community Bank boosted its position in shares of Target by 2.2% during the 4th quarter. Morton Community Bank now owns 21,176 shares of the retailer’s stock worth $2,863,000 after purchasing an additional 465 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Piper Sandler cut their price objective on shares of Target from $132.00 to $124.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. Sanford C. Bernstein reissued a “market perform” rating on shares of Target in a research report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft cut shares of Target from a “buy” rating to a “hold” rating and cut their price objective for the stock from $184.00 to $108.00 in a research report on Wednesday, November 20th. Telsey Advisory Group cut their price objective on shares of Target from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 5th. Finally, Gordon Haskett cut shares of Target from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $145.87.

Target Trading Down 0.8 %

Shares of TGT stock opened at $112.88 on Wednesday. The company has a 50 day moving average of $131.18 and a 200-day moving average of $140.74. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. Target Co. has a 12-month low of $111.84 and a 12-month high of $181.86. The firm has a market cap of $51.72 billion, a P/E ratio of 11.97, a PEG ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. Sell-side analysts anticipate that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th were paid a dividend of $1.12 per share. The ex-dividend date was Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.97%. Target’s payout ratio is currently 50.56%.

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.