Tempus Wealth Planning LLC Has $1.86 Million Holdings in Target Co. (NYSE:TGT)

Tempus Wealth Planning LLC lessened its stake in shares of Target Co. (NYSE:TGT) by 0.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,486 shares of the retailer’s stock after selling 98 shares during the quarter. Target comprises approximately 0.8% of Tempus Wealth Planning LLC’s holdings, making the stock its 27th largest position. Tempus Wealth Planning LLC’s holdings in Target were worth $1,858,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TGT. Vanguard Group Inc. increased its stake in shares of Target by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 44,945,524 shares of the retailer’s stock worth $6,401,142,000 after purchasing an additional 417,818 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Target by 9.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,163,864 shares of the retailer’s stock valued at $1,447,538,000 after buying an additional 868,274 shares during the period. Franklin Resources Inc. lifted its position in shares of Target by 1.5% in the 4th quarter. Franklin Resources Inc. now owns 9,531,846 shares of the retailer’s stock worth $1,357,525,000 after acquiring an additional 137,180 shares during the period. Norges Bank bought a new position in Target during the fourth quarter worth about $759,810,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Target by 4.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,873,399 shares of the retailer’s stock worth $409,230,000 after buying an additional 125,489 shares during the period. 79.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on TGT shares. Gordon Haskett lifted their price target on shares of Target from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, April 4th. DA Davidson lifted their target price on shares of Target from $167.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Truist Financial decreased their price target on Target from $160.00 to $153.00 and set a “hold” rating on the stock in a research report on Thursday, May 23rd. Tigress Financial lifted their price objective on Target from $180.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, March 27th. Finally, Jefferies Financial Group boosted their price objective on Target from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, Target has an average rating of “Moderate Buy” and an average target price of $177.61.

Target Stock Down 0.4 %

NYSE TGT traded down $0.59 during trading hours on Thursday, hitting $144.80. 1,633,259 shares of the company traded hands, compared to its average volume of 3,936,275. The stock has a market capitalization of $66.99 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 1.37 and a beta of 1.19. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.27 and a current ratio of 0.86. Target Co. has a twelve month low of $102.93 and a twelve month high of $181.86. The business’s 50-day moving average is $151.71 and its 200-day moving average is $153.35.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, May 22nd. The retailer reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.02). Target had a return on equity of 31.91% and a net margin of 3.87%. The business had revenue of $24.14 billion for the quarter, compared to the consensus estimate of $24.52 billion. During the same quarter in the previous year, the business posted $2.05 EPS. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. Sell-side analysts anticipate that Target Co. will post 9.32 earnings per share for the current 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 $1.12 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $4.48 dividend on an annualized basis and a yield of 3.09%. This is an increase from Target’s previous quarterly dividend of $1.10. Target’s payout ratio is currently 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.