CoreFirst Bank & Trust Acquires New Shares in Target Co. (NYSE:TGT)

CoreFirst Bank & Trust bought a new position in shares of Target Co. (NYSE:TGT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,529 shares of the retailer’s stock, valued at approximately $342,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC acquired a new stake in shares of Target during the 3rd quarter worth about $28,000. Hopwood Financial Services Inc. purchased a new position in Target during the fourth quarter worth about $29,000. MCF Advisors LLC boosted its stake in Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after buying an additional 163 shares during the period. Raleigh Capital Management Inc. increased its position in shares of Target by 110.7% during 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 during the last quarter. Finally, FSA Wealth Management LLC purchased a new stake in shares of Target in the 3rd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Bank of America dropped their target price 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. The Goldman Sachs Group dropped their price objective on Target from $166.00 to $142.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Stifel Nicolaus decreased their target price on Target from $130.00 to $120.00 and set a “hold” rating on the stock in a research note on Thursday, March 20th. Evercore ISI dropped their target price on Target from $135.00 to $130.00 and set an “in-line” rating for the company in a research report on Wednesday, March 5th. Finally, Piper Sandler reduced their price target on shares of Target from $132.00 to $124.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, Target has a consensus rating of “Hold” and a consensus price target of $145.55.

Target Price Performance

Shares of TGT opened at $108.43 on Tuesday. The firm has a fifty day moving average price of $125.28 and a 200 day moving average price of $137.62. The stock has a market cap of $49.40 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. Target Co. has a 1-year low of $101.76 and a 1-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.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. The firm had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. As a group, sell-side analysts anticipate that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio is currently 50.56%.

Target 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.