Crestwood Advisors Group LLC Acquires 446 Shares of Target Co. (NYSE:TGT)

Crestwood Advisors Group LLC grew its holdings in shares of Target Co. (NYSE:TGT) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,713 shares of the retailer’s stock after buying an additional 446 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Target were worth $1,583,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in TGT. IFP Advisors Inc increased its holdings in Target by 20.7% during the 4th quarter. IFP Advisors Inc now owns 4,702 shares of the retailer’s stock worth $636,000 after purchasing an additional 805 shares in the last quarter. Rowlandmiller & PARTNERS.ADV boosted its position in shares of Target by 2.4% during the fourth quarter. Rowlandmiller & PARTNERS.ADV now owns 12,116 shares of the retailer’s stock valued at $1,638,000 after buying an additional 287 shares during the last quarter. Shariaportfolio Inc. boosted its position in shares of Target by 29.5% during the fourth quarter. Shariaportfolio Inc. now owns 14,037 shares of the retailer’s stock valued at $1,898,000 after buying an additional 3,195 shares during the last quarter. South Dakota Investment Council grew its holdings in Target by 42.8% during the fourth quarter. South Dakota Investment Council now owns 166,921 shares of the retailer’s stock worth $22,564,000 after buying an additional 50,011 shares in the last quarter. Finally, MONECO Advisors LLC raised its position in Target by 8.1% in the 4th quarter. MONECO Advisors LLC now owns 2,536 shares of the retailer’s stock valued at $343,000 after buying an additional 189 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

Target Stock Performance

NYSE:TGT opened at $126.11 on Tuesday. The business’s fifty day moving average is $134.28 and its 200 day moving average is $142.75. The firm has a market cap of $57.79 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 1.94 and a beta of 1.15. 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 Co. has a 52-week low of $120.21 and a 52-week high of $181.86.

Target Announces Dividend

The business 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. This represents a $4.48 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio is presently 47.51%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TGT shares. Piper Sandler cut their price objective on shares of Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Guggenheim boosted their price target on shares of Target from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Gordon Haskett downgraded Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, BMO Capital Markets reduced their target price on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.