438 Shares in Target Co. (NYSE:TGT) Acquired by Physician Wealth Advisors Inc.

Physician Wealth Advisors Inc. purchased a new stake in Target Co. (NYSE:TGT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 438 shares of the retailer’s stock, valued at approximately $59,000.

Other institutional investors have also recently bought and sold shares of the company. Nicholas Company Inc. grew its stake in shares of Target by 20.5% during the fourth quarter. Nicholas Company Inc. now owns 55,810 shares of the retailer’s stock worth $7,544,000 after buying an additional 9,485 shares during the last quarter. River Road Asset Management LLC grew its position in Target by 144.9% during the 4th quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer’s stock worth $31,699,000 after acquiring an additional 138,751 shares during the last quarter. Mountain Hill Investment Partners Corp. acquired a new position in Target in the 4th quarter worth about $6,459,000. Wilmington Savings Fund Society FSB raised its position in 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 during the last quarter. Finally, Northeast Financial Group Inc. acquired a new stake in shares of Target during the fourth quarter valued at about $1,566,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Up 0.7 %

TGT stock opened at $104.34 on Tuesday. The stock has a market cap of $47.53 billion, a P/E ratio of 11.06, a P/E/G ratio of 1.94 and a beta of 1.18. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The stock’s fifty day simple moving average is $122.37 and its two-hundred day simple moving average is $136.08. Target Co. has a 1-year low of $100.50 and a 1-year high of $181.86.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating the consensus estimate of $2.24 by $0.17. The business had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Analysts expect that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s dividend payout ratio is currently 50.56%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TGT shares. UBS Group lowered their price objective on Target from $170.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Truist Financial dropped their price target on shares of Target from $134.00 to $124.00 and set a “hold” rating for the company in a research note on Wednesday, March 5th. StockNews.com raised Target from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. Evercore ISI reduced their price target on Target from $135.00 to $130.00 and set an “in-line” rating on the stock in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group lowered their price objective on Target from $165.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $143.40.

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.