1858 Wealth Management LLC Has $437,000 Stake in Target Co. (NYSE:TGT)

1858 Wealth Management LLC lifted its holdings in Target Co. (NYSE:TGT) by 46.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,234 shares of the retailer’s stock after acquiring an additional 1,025 shares during the period. 1858 Wealth Management LLC’s holdings in Target were worth $437,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Avitas Wealth Management LLC grew its position in shares of Target by 0.5% during the 4th quarter. Avitas Wealth Management LLC now owns 29,707 shares of the retailer’s stock worth $4,016,000 after buying an additional 156 shares during the period. E. Ohman J or Asset Management AB raised its stake in Target by 13.8% during the 4th quarter. E. Ohman J or Asset Management AB now owns 20,660 shares of the retailer’s stock worth $2,793,000 after buying an additional 2,500 shares during the period. Mather Group LLC. boosted its holdings in Target by 5.2% in the fourth quarter. Mather Group LLC. now owns 97,178 shares of the retailer’s stock worth $13,137,000 after acquiring an additional 4,842 shares in the last quarter. Welch Group LLC raised its position in shares of Target by 1.7% during the fourth quarter. Welch Group LLC now owns 42,199 shares of the retailer’s stock worth $5,699,000 after purchasing an additional 710 shares during the period. Finally, Commonwealth Financial Services LLC lifted its holdings in shares of Target by 7.6% in the 4th quarter. Commonwealth Financial Services LLC now owns 1,903 shares of the retailer’s stock worth $257,000 after purchasing an additional 135 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Up 1.1 %

TGT stock opened at $135.57 on Wednesday. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86. The firm has a market capitalization of $62.12 billion, a PE ratio of 14.38, a PEG ratio of 2.24 and a beta of 1.15. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The stock has a 50-day simple moving average of $134.87 and a two-hundred day simple moving average of $144.21.

Target (NYSE:TGT) last posted its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same period last year, the company posted $2.10 EPS. The business’s revenue was up .9% on a year-over-year basis. On average, equities analysts predict that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be given a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.30%. Target’s dividend payout ratio (DPR) is presently 47.51%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Wells Fargo & Company decreased their target price on shares of Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Roth Mkm reduced their price objective on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Evercore ISI dropped their target price on shares of Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research report on Thursday, November 21st. Truist Financial upped their target price on Target from $129.00 to $134.00 and gave the company a “hold” rating in a report on Friday, January 17th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $150.00 price objective on shares of Target in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, Target presently has an average rating of “Hold” and a consensus target price of $157.70.

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.