Michael A. Dubis Financial Planning LLC Buys Shares of 2,000 Target Co. (NYSE:TGT)

Michael A. Dubis Financial Planning LLC acquired a new stake in Target Co. (NYSE:TGT) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,000 shares of the retailer’s stock, valued at approximately $270,000.

Several other hedge funds have also added to or reduced their stakes in the business. Cynosure Group LLC lifted its stake in Target by 4.3% during the third quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after purchasing an additional 65 shares during the last quarter. Kathmere Capital Management LLC raised its holdings in shares of Target by 3.0% during the 4th quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock valued at $343,000 after buying an additional 73 shares in the last quarter. Horrell Capital Management Inc. lifted its position in Target by 0.3% in the 4th quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer’s stock worth $3,603,000 after buying an additional 76 shares during the last quarter. First PREMIER Bank boosted its stake in Target by 21.9% in the fourth quarter. First PREMIER Bank now owns 445 shares of the retailer’s stock worth $61,000 after buying an additional 80 shares in the last quarter. Finally, Winch Advisory Services LLC grew its position in Target by 34.5% during the fourth quarter. Winch Advisory Services LLC now owns 320 shares of the retailer’s stock valued at $43,000 after acquiring an additional 82 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Down 2.7 %

TGT stock opened at $103.63 on Friday. The stock has a market capitalization of $47.21 billion, a P/E ratio of 10.99, a P/E/G ratio of 1.94 and a beta of 1.18. 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 Co. has a 1-year low of $101.76 and a 1-year high of $181.86. The business has a fifty day moving average price of $122.96 and a 200-day moving average price of $136.54.

Target (NYSE:TGT) last posted its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) 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 business had revenue of $30.92 billion for the quarter, compared to analysts’ expectations of $30.83 billion. Equities analysts forecast that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a yield of 4.32%. Target’s dividend payout ratio is presently 50.56%.

Wall Street Analyst Weigh In

TGT has been the subject of a number of recent research reports. KGI Securities set a $132.00 price objective on shares of Target in a report on Wednesday, March 5th. Telsey Advisory Group lowered their price target on shares of Target from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Wednesday, March 5th. Piper Sandler reduced their price objective on Target from $132.00 to $124.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. Truist Financial lowered their target price on Target from $134.00 to $124.00 and set a “hold” rating for the company in a research note on Wednesday, March 5th. Finally, Roth Capital set a $122.00 price target on Target in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Target currently has a consensus rating of “Hold” and an average price target of $143.40.

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.