3,967 Shares in Target Co. (NYSE:TGT) Acquired by Lifelong Wealth Advisors Inc.

Lifelong Wealth Advisors Inc. purchased a new stake in Target Co. (NYSE:TGT) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,967 shares of the retailer’s stock, valued at approximately $536,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Hopwood Financial Services Inc. purchased a new position in shares of Target in the 4th quarter valued at $29,000. Bernard Wealth Management Corp. acquired a new position in Target in the fourth quarter valued at $30,000. MCF Advisors LLC grew its holdings in shares of Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares during the last quarter. 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 worth $35,000 after purchasing an additional 135 shares in the last quarter. Finally, Legacy Investment Solutions LLC lifted its holdings in shares of Target by 47.5% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer’s stock valued at $35,000 after purchasing an additional 85 shares during the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Stock Down 2.7 %

Target stock opened at $92.14 on Wednesday. Target Co. has a fifty-two week low of $87.35 and a fifty-two week high of $169.09. The firm has a market capitalization of $41.98 billion, a price-to-earnings ratio of 9.77, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28. The stock’s fifty day moving average is $111.35 and its two-hundred day moving average is $130.99. 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 (NYSE:TGT) last posted its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. Analysts predict that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently declared 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. This represents a $4.48 annualized dividend and a yield of 4.86%. The ex-dividend date is Wednesday, May 14th. Target’s payout ratio is 50.56%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TGT shares. Oppenheimer cut their price target on Target from $165.00 to $150.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. JPMorgan Chase & Co. reduced their price target on shares of Target from $146.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. UBS Group lowered their price objective on shares of Target from $170.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Truist Financial reduced their target price on shares of Target from $124.00 to $82.00 and set a “hold” rating for the company in a report on Tuesday, April 8th. Finally, Mizuho initiated coverage on shares of Target in a research note on Friday, April 11th. They set a “neutral” rating and a $92.00 target price for the company. One analyst has rated the stock with a sell rating, twenty-one have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Target has a consensus rating of “Hold” and an average price target of $134.57.

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.