Target Co. (NYSE:TGT) Shares Acquired by Good Life Advisors LLC

Good Life Advisors LLC grew its stake in Target Co. (NYSE:TGT) by 16.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,097 shares of the retailer’s stock after purchasing an additional 706 shares during the period. Good Life Advisors LLC’s holdings in Target were worth $689,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Keene & Associates Inc. increased its stake in Target by 7.4% in the 4th quarter. Keene & Associates Inc. now owns 4,227 shares of the retailer’s stock valued at $571,000 after buying an additional 290 shares during the period. Financial Perspectives Inc increased its stake in shares of Target by 25.0% during the fourth quarter. Financial Perspectives Inc now owns 3,533 shares of the retailer’s stock worth $478,000 after acquiring an additional 706 shares during the period. Alberta Investment Management Corp raised its holdings in Target by 20.4% during the fourth quarter. Alberta Investment Management Corp now owns 37,700 shares of the retailer’s stock worth $5,096,000 after purchasing an additional 6,400 shares in the last quarter. Vista Capital Partners Inc. lifted its position in Target by 6.8% in the fourth quarter. Vista Capital Partners Inc. now owns 2,096 shares of the retailer’s stock valued at $283,000 after purchasing an additional 134 shares during the period. Finally, SilverOak Wealth Management LLC boosted its holdings in Target by 222.5% in the 4th quarter. SilverOak Wealth Management LLC now owns 5,572 shares of the retailer’s stock valued at $753,000 after purchasing an additional 3,844 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Up 0.5 %

Shares of NYSE:TGT opened at $130.76 on Thursday. The stock has a 50-day simple moving average of $134.75 and a 200-day simple moving average of $142.84. The stock has a market capitalization of $59.92 billion, a P/E ratio of 13.87, a PEG ratio of 1.94 and a beta of 1.15. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. 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 announced its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. During the same period last year, the company posted $2.10 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Equities analysts forecast that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.43%. Target’s dividend payout ratio is currently 47.51%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Truist Financial increased their target price on Target from $129.00 to $134.00 and gave the stock a “hold” rating in a research note on Friday, January 17th. Daiwa Capital Markets downgraded Target from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $170.00 to $130.00 in a report on Tuesday, November 26th. Sanford C. Bernstein upped their price target on shares of Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 28th. Bank of America reduced their price objective on shares of Target from $195.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Finally, Evercore ISI lowered their target price on shares of Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $157.70.

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.