Edge Capital Group LLC Purchases 4,558 Shares of Target Co. (NYSE:TGT)

Edge Capital Group LLC grew its position in shares of Target Co. (NYSE:TGT) by 15.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,700 shares of the retailer’s stock after purchasing an additional 4,558 shares during the quarter. Edge Capital Group LLC’s holdings in Target were worth $4,556,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TGT. Thrivent Financial for Lutherans grew its position in shares of Target by 1.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock worth $4,368,000 after buying an additional 490 shares during the period. Wilmington Savings Fund Society FSB grew its position in shares of Target by 25.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock worth $2,430,000 after buying an additional 3,590 shares during the period. Northeast Financial Group Inc. acquired a new stake in shares of Target during the 4th quarter worth approximately $1,566,000. D.A. Davidson & CO. grew its position in shares of Target by 8.6% during the 3rd quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock worth $18,619,000 after buying an additional 9,510 shares during the period. Finally, LMG Wealth Partners LLC acquired a new stake in shares of Target during the 4th quarter worth approximately $1,438,000. Institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TGT shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Target in a research report on Friday, January 17th. Guggenheim lifted their price target on shares of Target from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Piper Sandler reduced their price target on shares of Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Evercore ISI reduced their price target on shares of Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research report on Thursday, November 21st. Finally, Oppenheimer reissued an “outperform” rating and issued a $165.00 price target on shares of Target in a research report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $157.70.

Target Stock Performance

NYSE:TGT opened at $124.40 on Monday. The firm has a market cap of $57.00 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. Target Co. has a fifty-two week low of $120.21 and a fifty-two week 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. The business has a 50 day moving average price of $134.41 and a 200-day moving average price of $142.80.

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 paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s payout ratio is 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.