Woodmont Investment Counsel LLC Has $2.25 Million Stock Holdings in Target Co. (NYSE:TGT)

Woodmont Investment Counsel LLC increased its holdings in Target Co. (NYSE:TGT) by 637.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,705 shares of the retailer’s stock after purchasing an additional 10,982 shares during the period. Woodmont Investment Counsel LLC’s holdings in Target were worth $2,251,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TGT. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Target during the fourth quarter valued at approximately $28,000. Rakuten Securities Inc. bought a new stake in shares of Target during the fourth quarter valued at approximately $29,000. Private Wealth Management Group LLC bought a new stake in shares of Target during the fourth quarter valued at approximately $29,000. Scarborough Advisors LLC bought a new stake in shares of Target during the fourth quarter valued at approximately $29,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new stake in shares of Target during the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TGT. Truist Financial decreased their price target on shares of Target from $160.00 to $153.00 and set a “hold” rating on the stock in a research note on Thursday, May 23rd. TheStreet upgraded shares of Target from a “c+” rating to a “b-” rating in a report on Monday, March 4th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Target from $209.00 to $190.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. Morgan Stanley dropped their price objective on shares of Target from $190.00 to $180.00 and set an “overweight” rating on the stock in a report on Thursday, May 23rd. Finally, Citigroup upgraded shares of Target from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $177.61.

Target Trading Down 0.8 %

TGT traded down $1.14 during trading on Tuesday, reaching $144.60. 1,817,897 shares of the company’s stock were exchanged, compared to its average volume of 3,921,771. Target Co. has a one year low of $102.93 and a one year high of $181.86. The company has a current ratio of 0.86, a quick ratio of 0.27 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $66.90 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 1.39 and a beta of 1.19. The firm has a fifty day moving average price of $152.97 and a two-hundred day moving average price of $153.33.

Target (NYSE:TGT) last issued its earnings results on Wednesday, May 22nd. The retailer reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.02). The company had revenue of $24.14 billion for the quarter, compared to the consensus estimate of $24.52 billion. Target had a return on equity of 31.91% and a net margin of 3.87%. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.05 earnings per share. As a group, equities research analysts forecast that Target Co. will post 9.32 earnings per share for the current fiscal year.

Target Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st will be issued a dividend of $1.12 per share. This is an increase from Target’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, August 21st. This represents a $4.48 annualized dividend and a yield of 3.10%. Target’s dividend payout ratio is presently 49.38%.

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.