CFM Wealth Partners LLC Raises Stock Position in Target Co. (NYSE:TGT)

CFM Wealth Partners LLC increased its stake in Target Co. (NYSE:TGT) by 5.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,972 shares of the retailer’s stock after acquiring an additional 147 shares during the quarter. CFM Wealth Partners LLC’s holdings in Target were worth $402,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Czech National Bank boosted its position in shares of Target by 6.9% during the 3rd quarter. Czech National Bank now owns 94,277 shares of the retailer’s stock valued at $14,694,000 after acquiring an additional 6,119 shares during the last quarter. Handelsbanken Fonder AB boosted its position in shares of Target by 1.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 151,896 shares of the retailer’s stock valued at $23,675,000 after acquiring an additional 1,681 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Target by 21.2% during the 3rd quarter. GAMMA Investing LLC now owns 10,097 shares of the retailer’s stock valued at $1,574,000 after acquiring an additional 1,769 shares during the last quarter. Azzad Asset Management Inc. ADV lifted its position in Target by 6.5% in the third quarter. Azzad Asset Management Inc. ADV now owns 47,258 shares of the retailer’s stock valued at $7,366,000 after buying an additional 2,890 shares during the last quarter. Finally, Eagle Rock Investment Company LLC lifted its position in shares of Target by 166.3% during the third quarter. Eagle Rock Investment Company LLC now owns 16,179 shares of the retailer’s stock worth $2,522,000 after purchasing an additional 10,103 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on TGT. Evercore ISI cut their target price on shares of Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research note on Thursday, November 21st. Truist Financial increased their price target on Target from $129.00 to $134.00 and gave the stock a “hold” rating in a report on Friday, January 17th. Sanford C. Bernstein raised their target price on Target from $139.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, January 28th. Piper Sandler reduced their target price on Target from $156.00 to $130.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Finally, Roth Mkm reduced their target price on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Target currently has a consensus rating of “Hold” and an average target price of $157.70.

Target Stock Performance

TGT stock opened at $137.82 on Monday. 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 firm has a market cap of $63.15 billion, a P/E ratio of 14.61, a P/E/G ratio of 2.28 and a beta of 1.16. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86. The stock’s 50 day simple moving average is $134.80 and its 200 day simple moving average is $144.41.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. During the same period in the prior year, the business earned $2.10 earnings per share. Target’s quarterly revenue was up .9% on a year-over-year basis. As a group, equities research analysts predict that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be paid a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.25%. Target’s payout ratio is 47.51%.

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.