2,251 Shares in Target Co. (NYSE:TGT) Bought by Moment Partners LLC

Moment Partners LLC acquired a new stake in Target Co. (NYSE:TGT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,251 shares of the retailer’s stock, valued at approximately $304,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new position in shares of Target in the 3rd quarter valued at about $28,000. Hopwood Financial Services Inc. acquired a new stake in Target in the fourth quarter valued at approximately $29,000. FSA Wealth Management LLC purchased a new stake in shares of Target in the third quarter valued at approximately $36,000. MCF Advisors LLC raised its stake in shares of Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after buying an additional 163 shares during the period. Finally, Raleigh Capital Management Inc. lifted its position 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 buying an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Trading Up 0.6 %

Shares of TGT stock opened at $106.05 on Thursday. Target Co. has a 1-year low of $101.76 and a 1-year high of $181.86. The firm has a market cap of $48.32 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. The company has a 50-day moving average of $124.09 and a two-hundred day moving average of $137.08. 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 (NYSE:TGT) last posted 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 net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. On average, analysts predict that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s dividend payout ratio (DPR) is 50.56%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Evercore ISI cut their price target on shares of Target from $135.00 to $130.00 and set an “in-line” rating for the company in a report on Wednesday, March 5th. Truist Financial cut their target price on shares of Target from $134.00 to $124.00 and set a “hold” rating for the company in a research note on Wednesday, March 5th. Gordon Haskett lowered shares of Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Wells Fargo & Company cut their price objective on Target from $150.00 to $135.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. decreased their target price on Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $145.55.

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.