Jeppson Wealth Management LLC Buys 566 Shares of Target Co. (NYSE:TGT)

Jeppson Wealth Management LLC grew its stake in Target Co. (NYSE:TGT) by 38.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,037 shares of the retailer’s stock after buying an additional 566 shares during the period. Jeppson Wealth Management LLC’s holdings in Target were worth $275,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Cynosure Group LLC lifted its holdings in Target by 4.3% in the 3rd 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. Financial Advocates Investment Management raised its position in shares of Target by 1.2% in the third quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock valued at $894,000 after purchasing an additional 67 shares during the period. Hancock Whitney Corp lifted its stake in shares of Target by 3.3% in the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock worth $336,000 after buying an additional 68 shares during the last quarter. Trust Co. of Vermont boosted its holdings in shares of Target by 0.4% during the 3rd quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer’s stock worth $2,444,000 after buying an additional 69 shares during the period. Finally, Eagle Bluffs Wealth Management LLC boosted its holdings in shares of Target by 1.1% during the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock worth $1,063,000 after buying an additional 73 shares during the period. Institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TGT shares. BMO Capital Markets cut their target price on shares of Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research report on Thursday, November 21st. Piper Sandler dropped their price objective on Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. Oppenheimer reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Target in a report on Monday, November 25th. Stifel Nicolaus lifted their price target on Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Finally, Citigroup increased their price objective on Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, Target presently has a consensus rating of “Hold” and an average target price of $157.70.

Target Stock Performance

Shares of NYSE:TGT opened at $142.44 on Tuesday. The business has a fifty day moving average of $134.37 and a 200-day moving average of $144.79. The firm has a market cap of $65.27 billion, a PE ratio of 15.11, a price-to-earnings-growth ratio of 2.21 and a beta of 1.16. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86.

Target (NYSE:TGT) last announced 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 company had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same period in the prior year, the firm posted $2.10 earnings per share. The company’s revenue was up .9% on a year-over-year basis. On average, equities research analysts predict that Target Co. will post 8.68 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders 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 yield of 3.15%. Target’s payout ratio is 47.51%.

Target Company 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.