Archford Capital Strategies LLC Raises Stake in Target Co. (NYSE:TGT)

Archford Capital Strategies LLC boosted its holdings in Target Co. (NYSE:TGT) by 4.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,078 shares of the retailer’s stock after buying an additional 162 shares during the period. Archford Capital Strategies LLC’s holdings in Target were worth $551,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Thrivent Financial for Lutherans grew its stake in shares of 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 buying an additional 7,860 shares in the last quarter. Public Sector Pension Investment Board grew its position in Target by 75.7% in the second quarter. Public Sector Pension Investment Board now owns 17,872 shares of the retailer’s stock valued at $2,646,000 after acquiring an additional 7,699 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Target by 1.0% during the second quarter. The Manufacturers Life Insurance Company now owns 529,573 shares of the retailer’s stock valued at $78,398,000 after purchasing an additional 5,027 shares during the period. Mackenzie Financial Corp lifted its position in shares of Target by 7.3% during the second quarter. Mackenzie Financial Corp now owns 319,222 shares of the retailer’s stock worth $47,258,000 after purchasing an additional 21,639 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC boosted its stake in shares of Target by 39.5% in the second quarter. Beaird Harris Wealth Management LLC now owns 339 shares of the retailer’s stock valued at $50,000 after purchasing an additional 96 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TGT shares. Bank of America cut their price objective on shares of Target from $195.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Piper Sandler cut their price target on Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. StockNews.com upgraded Target from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Hsbc Global Res lowered Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Roth Mkm decreased their price target on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $158.57.

Target Price Performance

TGT stock opened at $137.99 on Monday. Target Co. has a one year low of $120.21 and a one year high of $181.86. The firm has a 50-day moving average of $134.37 and a two-hundred day moving average of $144.80. The firm has a market capitalization of $63.23 billion, a PE ratio of 14.63, a P/E/G ratio of 2.21 and a beta of 1.16. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. During the same quarter last year, the company posted $2.10 EPS. The firm’s revenue was up .9% compared to the same quarter last year. On average, analysts forecast that Target Co. will post 8.68 earnings per share for the current year.

Target Dividend Announcement

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 dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s payout ratio is 47.51%.

About Target

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.