PKS Advisory Services LLC Acquires Shares of 2,064 Target Co. (NYSE:TGT)

PKS Advisory Services LLC bought a new position in shares of Target Co. (NYSE:TGT) during the fourth quarter, Holdings Channel.com reports. The firm bought 2,064 shares of the retailer’s stock, valued at approximately $279,000.

Several other hedge funds have also modified their holdings of TGT. Legacy Investment Solutions LLC acquired a new position in Target during the 3rd quarter worth $28,000. Hopwood Financial Services Inc. bought a new stake in shares of Target during the fourth quarter worth $29,000. MCF Advisors LLC boosted its holdings in Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after acquiring an additional 163 shares during the last quarter. Raleigh Capital Management Inc. increased its position in Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after purchasing an additional 135 shares during the period. Finally, FSA Wealth Management LLC bought a new stake in Target during the 3rd quarter worth about $36,000. 79.73% of the stock is owned by institutional investors.

Target Price Performance

TGT stock opened at $105.37 on Wednesday. The company’s 50-day moving average price is $124.66 and its two-hundred day moving average price is $137.30. The firm has a market cap of $48.00 billion, a P/E ratio of 11.17, a P/E/G ratio of 1.94 and a beta of 1.18. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. Target Co. has a 12 month low of $101.76 and a 12 month high of $181.86.

Target (NYSE:TGT) last announced its quarterly earnings data 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. Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $30.92 billion for the quarter, compared to analysts’ expectations of $30.83 billion. On average, analysts anticipate that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders 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 dividend yield of 4.25%. The ex-dividend date is Wednesday, May 14th. Target’s payout ratio is 50.56%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TGT. Truist Financial lowered their price target on shares of Target from $134.00 to $124.00 and set a “hold” rating for the company in a research report on Wednesday, March 5th. KGI Securities set a $132.00 price target on Target in a research note on Wednesday, March 5th. Gordon Haskett cut Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Daiwa Capital Markets lowered Target from an “outperform” rating to a “neutral” rating and cut their target price for the company from $170.00 to $130.00 in a research note on Tuesday, November 26th. Finally, Wells Fargo & Company decreased their target price on Target from $150.00 to $135.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $145.55.

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.