6,203 Shares in Target Co. (NYSE:TGT) Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. bought a new stake in shares of Target Co. (NYSE:TGT) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 6,203 shares of the retailer’s stock, valued at approximately $839,000.

Other large investors also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new position in shares of Target during the third quarter valued at $28,000. Hopwood Financial Services Inc. acquired a new stake in Target during the 4th quarter worth about $29,000. MCF Advisors LLC grew its stake in Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after acquiring an additional 163 shares in the last quarter. Raleigh Capital Management Inc. grew its stake 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, OFI Invest Asset Management acquired a new position in shares of Target in the 4th quarter valued at about $36,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Trading Up 1.5 %

Target stock opened at $95.70 on Friday. The business has a 50 day moving average price of $119.41 and a two-hundred day moving average price of $134.73. 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 Co. has a 12 month low of $90.62 and a 12 month high of $173.05. The stock has a market cap of $43.60 billion, a price-to-earnings ratio of 10.15, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28.

Target (NYSE:TGT) last issued its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. As a group, equities analysts forecast that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The firm also recently announced 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 (DPR) is currently 50.56%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TGT. KGI Securities set a $132.00 price objective on shares of Target in a research report on Wednesday, March 5th. Citigroup dropped their price target on shares of Target from $133.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. Bank of America reduced their price objective on Target from $160.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Piper Sandler dropped their target price on Target from $132.00 to $124.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. Finally, UBS Group reduced their price target on Target from $170.00 to $155.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $140.24.

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.