SteelPeak Wealth LLC Purchases 103 Shares of Target Co. (NYSE:TGT)

SteelPeak Wealth LLC boosted its position in Target Co. (NYSE:TGT) by 3.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,317 shares of the retailer’s stock after acquiring an additional 103 shares during the period. SteelPeak Wealth LLC’s holdings in Target were worth $448,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TGT. Advisory Alpha LLC lifted its stake in shares of Target by 7.2% during the 2nd quarter. Advisory Alpha LLC now owns 1,435 shares of the retailer’s stock valued at $213,000 after buying an additional 96 shares in the last quarter. Creekside Partners purchased a new stake in shares of Target during the second quarter worth $343,000. Sanctuary Advisors LLC bought a new position in shares of Target in the second quarter worth $15,591,000. Greater Midwest Financial Group LLC purchased a new position in shares of Target in the second quarter valued at $242,000. Finally, Mattson Financial Services LLC bought a new stake in shares of Target during the 2nd quarter valued at $2,681,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Piper Sandler reduced their target price on Target from $156.00 to $130.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. JPMorgan Chase & Co. reduced their price objective on shares of Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Roth Mkm reduced their price target 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. BMO Capital Markets decreased their price target on shares of Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a report on Thursday, November 21st. Finally, Sanford C. Bernstein boosted their target price on Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $157.70.

Target Stock Up 0.2 %

Shares of NYSE:TGT opened at $140.37 on Friday. The stock’s 50-day moving average is $134.17 and its 200 day moving average is $144.61. The company has a market cap of $64.32 billion, a PE ratio of 14.89, a P/E/G ratio of 2.21 and a beta of 1.16. 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 $120.21 and a 1 year high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The company had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.10 earnings per share. Sell-side analysts anticipate that Target Co. will post 8.68 EPS for the current year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio is currently 47.51%.

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.