Caprock Group LLC Invests $543,000 in Target Corporation $TGT

Caprock Group LLC bought a new stake in Target Corporation (NYSE:TGT) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,572 shares of the retailer’s stock, valued at approximately $543,000.

Other large investors also recently bought and sold shares of the company. WFA of San Diego LLC acquired a new position in Target in the second quarter valued at $25,000. Heartwood Wealth Advisors LLC acquired a new position in shares of Target in the 3rd quarter valued at about $27,000. Tripletail Wealth Management LLC acquired a new position in shares of Target in the 3rd quarter valued at about $31,000. Key Financial Inc grew its holdings in shares of Target by 77.4% during the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer’s stock worth $31,000 after purchasing an additional 151 shares during the period. Finally, VSM Wealth Advisory LLC increased its position in Target by 1,113.8% during the 2nd quarter. VSM Wealth Advisory LLC now owns 352 shares of the retailer’s stock worth $35,000 after purchasing an additional 323 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TGT. Argus decreased their price objective on shares of Target from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Monday, December 1st. Truist Financial lifted their target price on shares of Target from $83.00 to $90.00 and gave the company a “hold” rating in a report on Thursday, November 20th. Jefferies Financial Group reaffirmed a “buy” rating and set a $115.00 price target on shares of Target in a research report on Thursday, December 18th. Evercore set a $105.00 price objective on Target in a research report on Tuesday. Finally, Bank of America decreased their target price on Target from $93.00 to $80.00 and set an “underperform” rating for the company in a research report on Thursday, November 20th. Ten research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $104.45.

Target Stock Up 0.6%

Shares of Target stock opened at $116.45 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.97 and a quick ratio of 0.27. Target Corporation has a 1-year low of $83.44 and a 1-year high of $131.70. The business has a 50-day moving average of $104.91 and a 200-day moving average of $97.10. The company has a market capitalization of $52.73 billion, a PE ratio of 14.13, a P/E/G ratio of 11.83 and a beta of 1.14.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 19th. The retailer reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.07. Target had a return on equity of 22.74% and a net margin of 3.58%.The firm had revenue of $25.27 billion during the quarter, compared to the consensus estimate of $25.44 billion. During the same quarter in the prior year, the business posted $1.85 earnings per share. Target’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, equities analysts forecast that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Wednesday, February 11th will be paid a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Wednesday, February 11th. Target’s dividend payout ratio is 55.34%.

About Target

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.