Heritage Trust Co Takes $3.81 Million Position in Target Co. (NYSE:TGT)

Heritage Trust Co bought a new stake in shares of Target Co. (NYSE:TGT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 28,183 shares of the retailer’s stock, valued at approximately $3,810,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bernard Wealth Management Corp. purchased a new stake in shares of Target in the fourth quarter valued at $30,000. Hopwood Financial Services Inc. purchased a new stake in Target in the 4th quarter worth about $29,000. MCF Advisors LLC raised its position in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares during the period. Raleigh Capital Management Inc. lifted its stake in Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after purchasing an additional 135 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of Target during the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their price target on Target from $150.00 to $135.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Roth Mkm reissued a “neutral” rating and set a $122.00 target price (down from $131.00) on shares of Target in a research note on Wednesday, March 5th. Evercore ISI reduced their price target on shares of Target from $130.00 to $120.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 1st. Roth Capital set a $122.00 price objective on shares of Target in a research report on Wednesday, March 5th. Finally, Piper Sandler decreased their target price on Target from $132.00 to $124.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, twenty have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $136.03.

Target Price Performance

Shares of NYSE TGT opened at $92.57 on Friday. Target Co. has a 52 week low of $87.35 and a 52 week high of $173.05. The business’s 50 day moving average price is $113.87 and its 200 day moving average price is $132.29. 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 $42.17 billion, a P/E ratio of 9.82, a P/E/G ratio of 1.94 and a beta of 1.28.

Target (NYSE:TGT) last released its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. On average, sell-side analysts expect that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be issued a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.84%. Target’s dividend payout ratio (DPR) is presently 50.56%.

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.