Target Co. (NYSE:TGT) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lifted its stake in shares of Target Co. (NYSE:TGT) by 91.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,182 shares of the retailer’s stock after acquiring an additional 19,144 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Target were worth $5,432,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hopwood Financial Services Inc. purchased a new stake in Target during the fourth quarter valued at about $29,000. Bernard Wealth Management Corp. purchased a new stake in shares of Target in the 4th quarter valued at approximately $30,000. MCF Advisors LLC boosted its stake in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares during the period. Raleigh Capital Management Inc. grew its position in Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after purchasing an additional 135 shares in the last quarter. Finally, Legacy Investment Solutions LLC grew its position in Target by 47.5% during the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer’s stock worth $35,000 after purchasing an additional 85 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TGT has been the topic of several research reports. UBS Group dropped their target price on Target from $170.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. KGI Securities set a $132.00 target price on shares of Target in a research report on Wednesday, March 5th. Jefferies Financial Group reduced their price objective on Target from $165.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Piper Sandler dropped their price objective on shares of Target from $132.00 to $124.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Target from $146.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Target currently has an average rating of “Hold” and a consensus target price of $132.37.

Target Stock Up 2.9 %

Shares of NYSE TGT opened at $93.13 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The stock has a market capitalization of $42.43 billion, a PE ratio of 9.88, a P/E/G ratio of 1.94 and a beta of 1.28. Target Co. has a one year low of $87.35 and a one year high of $169.09. The business’s fifty day moving average price is $108.98 and its 200-day moving average price is $129.59.

Target (NYSE:TGT) last issued its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 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 company had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. On average, equities research analysts anticipate that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be given a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.81%. Target’s dividend payout ratio (DPR) is presently 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.