Stiles Financial Services Inc Grows Position in Target Co. (NYSE:TGT)

Stiles Financial Services Inc grew its position in Target Co. (NYSE:TGT) by 7.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 25,685 shares of the retailer’s stock after acquiring an additional 1,680 shares during the quarter. Target makes up approximately 1.3% of Stiles Financial Services Inc’s investment portfolio, making the stock its 16th biggest position. Stiles Financial Services Inc’s holdings in Target were worth $3,472,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TGT. Compass Financial Services Inc acquired a new stake in Target in the 4th quarter valued at $40,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Target during the fourth quarter worth about $128,000. Kestra Private Wealth Services LLC boosted its position in shares of Target by 5.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 42,171 shares of the retailer’s stock worth $5,701,000 after buying an additional 2,080 shares during the period. Stephens Inc. AR grew its stake in shares of Target by 245.4% in the fourth quarter. Stephens Inc. AR now owns 58,725 shares of the retailer’s stock valued at $7,938,000 after buying an additional 41,723 shares in the last quarter. Finally, Robinson Value Management Ltd. raised its holdings in shares of Target by 2.7% during the 4th quarter. Robinson Value Management Ltd. now owns 18,721 shares of the retailer’s stock valued at $2,531,000 after buying an additional 487 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Price Performance

Shares of NYSE TGT opened at $131.29 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 firm has a market capitalization of $60.16 billion, a PE ratio of 13.92, a P/E/G ratio of 2.04 and a beta of 1.15. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86. The business’s fifty day moving average price is $135.22 and its two-hundred day moving average price is $143.80.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter in the prior year, the business earned $2.10 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. On average, research analysts expect that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

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 issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is 47.51%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Piper Sandler decreased their price target on Target from $156.00 to $130.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Wells Fargo & Company lowered their price target on shares of Target from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Evercore ISI cut their price objective on shares of Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a report on Thursday, November 21st. Bank of America lowered their target price on Target from $195.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Finally, JPMorgan Chase & Co. cut their price target on Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $157.70.

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.