Vest Financial LLC Raises Stock Position in Target Co. (NYSE:TGT)

Vest Financial LLC grew its holdings in shares of Target Co. (NYSE:TGT) by 13.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 379,976 shares of the retailer’s stock after buying an additional 43,976 shares during the quarter. Vest Financial LLC owned 0.08% of Target worth $51,365,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TGT. Legacy Investment Solutions LLC purchased a new stake in Target during the third quarter valued at approximately $28,000. Wolff Wiese Magana LLC boosted its holdings in shares of Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after purchasing an additional 133 shares during the period. FSA Wealth Management LLC bought a new position in shares of Target during the 3rd quarter valued at approximately $36,000. Catalyst Capital Advisors LLC purchased a new stake in Target during the 3rd quarter valued at $38,000. Finally, MCF Advisors LLC lifted its position in Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after buying an additional 163 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Trading Down 2.5 %

NYSE TGT opened at $131.29 on Friday. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86. The company has a 50 day moving average price of $135.24 and a 200 day moving average price of $143.98. 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 firm has a market cap of $60.16 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 2.24 and a beta of 1.15.

Target (NYSE:TGT) last issued its quarterly earnings results 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 business had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the company posted $2.10 earnings per share. As a group, sell-side analysts forecast that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio is presently 47.51%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TGT. Hsbc Global Res cut shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Wells Fargo & Company cut their price target on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Daiwa America downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Truist Financial increased their price target on Target from $129.00 to $134.00 and gave the stock a “hold” rating in a report on Friday, January 17th. Finally, TD Cowen cut their price objective on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, Target presently 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.