Naples Global Advisors LLC Increases Stake in Target Co. (NYSE:TGT)

Naples Global Advisors LLC boosted its stake in Target Co. (NYSE:TGT) by 14.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,692 shares of the retailer’s stock after purchasing an additional 3,246 shares during the quarter. Naples Global Advisors LLC’s holdings in Target were worth $3,473,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ritholtz Wealth Management grew its position in Target by 20.0% during the third quarter. Ritholtz Wealth Management now owns 4,040 shares of the retailer’s stock valued at $630,000 after acquiring an additional 672 shares during the period. Creative Planning grew its holdings in shares of Target by 10.3% during the 3rd quarter. Creative Planning now owns 218,600 shares of the retailer’s stock worth $32,247,000 after purchasing an additional 20,360 shares during the period. Zhang Financial LLC increased its position in Target by 56.4% during the 3rd quarter. Zhang Financial LLC now owns 5,234 shares of the retailer’s stock worth $816,000 after purchasing an additional 1,887 shares in the last quarter. Magnus Financial Group LLC raised its holdings in Target by 7.1% in the third quarter. Magnus Financial Group LLC now owns 2,208 shares of the retailer’s stock valued at $344,000 after buying an additional 147 shares during the period. Finally, Asset Dedication LLC lifted its position in Target by 6.3% during the third quarter. Asset Dedication LLC now owns 16,146 shares of the retailer’s stock valued at $2,517,000 after buying an additional 955 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TGT. Deutsche Bank Aktiengesellschaft cut shares of Target from a “buy” rating to a “hold” rating and decreased their price target for the stock from $184.00 to $108.00 in a research report on Wednesday, November 20th. Truist Financial upped their target price on Target from $129.00 to $134.00 and gave the stock a “hold” rating in a research report on Friday, January 17th. Citigroup raised their target price on Target from $130.00 to $133.00 and gave the company a “neutral” rating in a report on Friday, January 17th. StockNews.com upgraded Target from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Finally, Roth Mkm dropped their target price on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $157.70.

Target Stock Down 3.7 %

TGT opened at $127.50 on Thursday. The stock’s fifty day moving average is $135.26 and its 200-day moving average is $143.56. Target Co. has a one year low of $120.21 and a one year high of $181.86. The company has a market capitalization of $58.42 billion, a PE ratio of 13.52, a P/E/G ratio of 2.04 and a beta of 1.15. 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 issued its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. During the same period in the previous year, the company posted $2.10 earnings per share. Target’s revenue was up .9% compared to the same quarter last year. On average, equities analysts predict that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.51%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio is presently 47.51%.

Target Company 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.