Park Capital Management LLC WI Makes New $948,000 Investment in Target Co. (NYSE:TGT)

Park Capital Management LLC WI purchased a new position in Target Co. (NYSE:TGT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,009 shares of the retailer’s stock, valued at approximately $948,000. Target accounts for about 1.1% of Park Capital Management LLC WI’s investment portfolio, making the stock its 17th largest position.

A number of other large investors have also recently made changes to their positions in the business. Legacy Investment Solutions LLC purchased a new stake in Target during the third quarter valued at $28,000. Wolff Wiese Magana LLC raised its position in 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 purchasing an additional 133 shares during the period. MCF Advisors LLC raised its holdings in shares of 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 period. Raleigh Capital Management Inc. boosted its position in Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after acquiring an additional 135 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new stake in Target during the 3rd quarter valued at $36,000. 79.73% of the stock is currently owned by institutional investors.

Target Stock Performance

Shares of TGT opened at $127.50 on Thursday. The company’s fifty day moving average is $135.26 and its 200-day moving average is $143.56. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The firm has a market cap of $58.42 billion, a price-to-earnings ratio of 13.52, a price-to-earnings-growth ratio of 2.04 and a beta of 1.15. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

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

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be paid a $1.12 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.51%. Target’s payout ratio is presently 47.51%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Truist Financial lifted their price objective on Target from $129.00 to $134.00 and gave the company a “hold” rating in a research note on Friday, January 17th. Daiwa America lowered Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. StockNews.com upgraded Target from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Finally, HSBC cut Target from a “buy” rating to a “hold” rating and set a $138.00 price objective on the stock. in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average 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.