Target Co. (NYSE:TGT) Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC lifted its holdings in Target Co. (NYSE:TGT) by 2.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,194 shares of the retailer’s stock after purchasing an additional 218 shares during the period. Farther Finance Advisors LLC’s holdings in Target were worth $1,243,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans grew its holdings in shares of Target by 1.8% in the third quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock valued at $4,368,000 after purchasing an additional 490 shares in the last quarter. River Road Asset Management LLC grew its holdings in shares of Target by 144.9% in the fourth quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer’s stock valued at $31,699,000 after purchasing an additional 138,751 shares in the last quarter. Wilmington Savings Fund Society FSB grew its holdings in shares of Target by 25.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock valued at $2,430,000 after purchasing an additional 3,590 shares in the last quarter. Northeast Financial Group Inc. acquired a new position in shares of Target in the fourth quarter valued at approximately $1,566,000. Finally, D.A. Davidson & CO. grew its holdings in shares of Target by 8.6% in the third quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock valued at $18,619,000 after purchasing an additional 9,510 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on TGT shares. Piper Sandler lowered their price target on shares of Target from $132.00 to $124.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. Daiwa Capital Markets cut shares of Target from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $170.00 to $130.00 in a report on Tuesday, November 26th. Oppenheimer lowered their price target on shares of Target from $165.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Wells Fargo & Company lowered their price target on shares of Target from $150.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. Finally, Bank of America lowered their price target on shares of Target from $160.00 to $145.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Target presently has a consensus rating of “Hold” and a consensus price target of $145.87.

Target Stock Down 2.7 %

TGT stock opened at $104.37 on Friday. The company has a fifty day moving average price of $129.97 and a 200 day moving average price of $140.26. Target Co. has a 12 month low of $104.01 and a 12 month high of $181.86. The company has a market cap of $47.82 billion, a price-to-earnings ratio of 11.07, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17. The company had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Sell-side analysts expect 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 Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a yield of 4.29%. Target’s payout ratio is currently 50.56%.

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.