CoreCap Advisors LLC Purchases 788 Shares of Target Co. (NYSE:TGT)

CoreCap Advisors LLC grew its position in shares of Target Co. (NYSE:TGT) by 3.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,760 shares of the retailer’s stock after buying an additional 788 shares during the quarter. CoreCap Advisors LLC’s holdings in Target were worth $2,806,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Hopwood Financial Services Inc. purchased a new position in Target in the fourth quarter worth $29,000. Bernard Wealth Management Corp. purchased a new position in shares of Target in the 4th quarter worth about $30,000. MCF Advisors LLC grew its position in 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 buying an additional 163 shares during the period. Raleigh Capital Management Inc. increased its holdings in Target by 110.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after buying an additional 135 shares during the last quarter. Finally, Legacy Investment Solutions LLC raised its position in Target by 47.5% in the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer’s stock worth $35,000 after acquiring an additional 85 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

TGT has been the subject of a number of research reports. Truist Financial reduced their target price on shares of Target from $124.00 to $82.00 and set a “hold” rating for the company in a research report on Tuesday, April 8th. Jefferies Financial Group reduced their price objective on Target from $165.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Roth Mkm restated a “neutral” rating and issued a $122.00 target price (down from $131.00) on shares of Target in a research note on Wednesday, March 5th. Gordon Haskett downgraded Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, Oppenheimer lowered their price objective on Target from $165.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, twenty-three have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $132.37.

Target Stock Performance

Shares of TGT opened at $95.68 on Thursday. The business’s fifty day moving average price is $100.76 and its 200 day moving average price is $124.54. 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 12-month low of $87.35 and a 12-month high of $167.40. The stock has a market capitalization of $43.47 billion, a PE ratio of 10.15, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27.

Target (NYSE:TGT) last announced its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.17. The business had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Equities research analysts forecast that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.68%. Target’s dividend payout ratio is presently 50.56%.

Target Company 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.