Capricorn Fund Managers Ltd Invests $3.77 Million in Target Co. (NYSE:TGT)

Capricorn Fund Managers Ltd bought a new stake in shares of Target Co. (NYSE:TGT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 27,894 shares of the retailer’s stock, valued at approximately $3,767,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TGT. Benjamin F. Edwards & Company Inc. grew its holdings in Target by 56.5% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 14,228 shares of the retailer’s stock worth $2,106,000 after acquiring an additional 5,137 shares in the last quarter. AE Wealth Management LLC grew its position in shares of Target by 45.4% in the 2nd quarter. AE Wealth Management LLC now owns 9,156 shares of the retailer’s stock valued at $1,356,000 after buying an additional 2,860 shares during the last quarter. Pacer Advisors Inc. lifted its position in Target by 15.4% in the second quarter. Pacer Advisors Inc. now owns 36,052 shares of the retailer’s stock valued at $5,337,000 after acquiring an additional 4,811 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Target by 39.9% in the second quarter. Thrivent Financial for Lutherans now owns 27,535 shares of the retailer’s stock valued at $4,076,000 after acquiring an additional 7,860 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Target by 159.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,698 shares of the retailer’s stock worth $1,584,000 after purchasing an additional 6,575 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TGT has been the topic of a number of analyst reports. Stifel Nicolaus lifted their price objective on Target from $137.00 to $145.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Hsbc Global Res cut shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Telsey Advisory Group reiterated an “outperform” rating and issued a $150.00 price objective on shares of Target in a research note on Friday. Bank of America lowered their target price on shares of Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Finally, Truist Financial boosted their price target on Target from $129.00 to $134.00 and gave the stock a “hold” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $158.23.

Target Trading Up 0.3 %

Target stock opened at $133.62 on Tuesday. The company has a market capitalization of $61.22 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 2.19 and a beta of 1.16. The company’s fifty day moving average price is $135.74 and its two-hundred day moving average price is $145.07. Target Co. has a one year low of $120.21 and a one year high of $181.86. 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 (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The business had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.10 earnings per share. On average, analysts forecast that Target Co. will post 8.62 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.35%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is presently 47.51%.

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.