Texas Bank & Trust Co Takes $1.17 Million Position in Target Co. (NYSE:TGT)

Texas Bank & Trust Co bought a new stake in Target Co. (NYSE:TGT) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,682 shares of the retailer’s stock, valued at approximately $1,174,000.

Other large investors have also modified their holdings of the company. Hopwood Financial Services Inc. acquired a new stake in shares of Target in the fourth quarter valued at about $29,000. Bernard Wealth Management Corp. purchased a new position in Target in the fourth quarter valued at about $30,000. MCF Advisors LLC lifted its holdings in Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after buying an additional 163 shares during the last quarter. Raleigh Capital Management Inc. lifted its holdings in Target by 110.7% during the 4th 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 lifted its holdings in Target by 47.5% during the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer’s stock worth $35,000 after buying an additional 85 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Robert W. Baird downgraded Target from an “outperform” rating to a “neutral” rating and set a $110.00 target price on the stock. in a report on Monday, April 7th. Jefferies Financial Group reduced their target price on Target from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. DA Davidson reduced their target price on Target from $153.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Truist Financial reduced their target price on Target from $124.00 to $82.00 and set a “hold” rating on the stock in a report on Tuesday, April 8th. Finally, Sanford C. Bernstein downgraded Target from a “market perform” rating to an “underperform” rating and cut their price target for the stock from $97.00 to $82.00 in a report on Monday, May 12th. Two research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $128.13.

Target Stock Up 1.5%

Shares of TGT stock opened at $98.56 on Friday. Target Co. has a 1 year low of $87.35 and a 1 year high of $167.40. The stock has a market cap of $44.78 billion, a PE ratio of 10.45, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27. The business’s fifty day moving average is $98.24 and its 200-day moving average is $121.85. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94.

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

Target Announces Dividend

The business 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. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s dividend payout ratio (DPR) 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.