Entropy Technologies LP Invests $3.56 Million in Target Co. (NYSE:TGT)

Entropy Technologies LP bought a new position in Target Co. (NYSE:TGT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 26,303 shares of the retailer’s stock, valued at approximately $3,556,000.

A number of other hedge funds have also recently modified their holdings of the stock. Legacy Investment Solutions LLC purchased a new position in Target during the third quarter worth approximately $28,000. Wolff Wiese Magana LLC raised its holdings in shares of Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after acquiring an additional 133 shares during the last quarter. FSA Wealth Management LLC acquired a new position in shares of Target during the third quarter valued at approximately $36,000. Catalyst Capital Advisors LLC acquired a new position in shares of Target during the third quarter valued at approximately $38,000. Finally, MCF Advisors LLC raised its holdings in shares of Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after acquiring an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TGT. Stifel Nicolaus increased their target price on Target from $137.00 to $145.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. cut their price target on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Piper Sandler cut 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. StockNews.com raised Target from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Finally, Roth Mkm cut their target price on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $157.70.

Target Price Performance

Shares of TGT opened at $131.29 on Friday. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86. The stock’s 50 day moving average is $135.22 and its two-hundred day moving average is $143.84. 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. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last announced its quarterly earnings data 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 net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. During the same period in the prior year, the firm posted $2.10 EPS. Target’s revenue for the quarter was up .9% compared to the same quarter last year. Research analysts anticipate that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is 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.