Target Co. (NYSE:TGT) Shares Purchased by Summa Corp.

Summa Corp. boosted its position in Target Co. (NYSE:TGTFree Report) by 83.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,300 shares of the retailer’s stock after buying an additional 1,500 shares during the quarter. Summa Corp.’s holdings in Target were worth $446,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new stake in shares of Target during the 3rd quarter valued at about $28,000. Wolff Wiese Magana LLC grew its position in Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after purchasing an additional 133 shares during the last quarter. MCF Advisors LLC boosted its holdings in shares of Target by 175.3% in the fourth 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. boosted its holdings in shares of Target by 110.7% in the fourth 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, FSA Wealth Management LLC bought a new position in shares of Target in the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Price Performance

TGT opened at $140.28 on Thursday. 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. The company’s 50 day simple moving average is $133.80 and its 200-day simple moving average is $144.64. The stock has a market capitalization of $64.28 billion, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 2.21 and a beta of 1.16.

Target (NYSE:TGTGet Free Report) last announced its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same period in the previous year, the business posted $2.10 earnings per share. Target’s revenue was up .9% compared to the same quarter last year. Sell-side analysts anticipate that Target Co. will post 8.68 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.19%. Target’s dividend payout ratio is 47.51%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Truist Financial boosted their target price on shares of Target from $129.00 to $134.00 and gave the company a “hold” rating in a research note on Friday, January 17th. Piper Sandler cut their target price on shares of Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft downgraded shares of Target from a “buy” rating to a “hold” rating and cut their target price for the company from $184.00 to $108.00 in a research note on Wednesday, November 20th. Wells Fargo & Company dropped their price target on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Finally, TD Cowen dropped their price target on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $157.70.

Read Our Latest Stock Analysis on TGT

About Target

(Free Report)

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.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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