Graney & King LLC Buys Shares of 850 Target Co. (NYSE:TGT)

Graney & King LLC purchased a new stake in Target Co. (NYSE:TGT) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 850 shares of the retailer’s stock, valued at approximately $115,000.

A number of other hedge funds have also modified their holdings of the business. Nuance Investments LLC acquired a new stake in shares of Target during the fourth quarter valued at about $14,990,000. Ausdal Financial Partners Inc. increased its holdings in Target by 4.8% in the 4th quarter. Ausdal Financial Partners Inc. now owns 4,417 shares of the retailer’s stock valued at $597,000 after purchasing an additional 203 shares during the last quarter. Trust Investment Advisors raised its position in Target by 2.3% in the fourth quarter. Trust Investment Advisors now owns 6,175 shares of the retailer’s stock valued at $835,000 after purchasing an additional 141 shares during the period. Summitry LLC lifted its stake in Target by 5.1% during the fourth quarter. Summitry LLC now owns 42,150 shares of the retailer’s stock worth $5,698,000 after purchasing an additional 2,036 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new position in shares of Target during the fourth quarter worth $89,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TGT has been the topic of several research reports. Daiwa Capital Markets lowered Target from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $170.00 to $130.00 in a research note on Tuesday, November 26th. Truist Financial dropped their price objective on shares of Target from $134.00 to $124.00 and set a “hold” rating for the company in a report on Wednesday, March 5th. Oppenheimer reduced their target price on shares of Target from $165.00 to $150.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. KGI Securities set a $132.00 price target on shares of Target in a research note on Wednesday, March 5th. Finally, Telsey Advisory Group decreased their target price on Target from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Wednesday, March 5th. 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. Based on data from MarketBeat.com, Target presently has an average rating of “Hold” and a consensus target price of $145.55.

Target Price Performance

Shares of TGT opened at $105.37 on Wednesday. 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 $101.76 and a fifty-two week high of $181.86. The firm has a 50-day simple moving average of $124.66 and a 200-day simple moving average of $137.30. The company has a market capitalization of $48.00 billion, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. On average, equities research analysts anticipate that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 4.25%. The ex-dividend date is Wednesday, May 14th. Target’s payout ratio is 50.56%.

About Target

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.