Rockline Wealth Management LLC Acquires 1,878 Shares of Target Co. (NYSE:TGT)

Rockline Wealth Management LLC boosted its holdings in shares of Target Co. (NYSE:TGT) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,340 shares of the retailer’s stock after buying an additional 1,878 shares during the quarter. Target makes up about 1.1% of Rockline Wealth Management LLC’s investment portfolio, making the stock its 27th largest holding. Rockline Wealth Management LLC’s holdings in Target were worth $4,237,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in shares of Target in the 3rd quarter worth $28,000. Wolff Wiese Magana LLC lifted its position in shares of Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after buying an additional 133 shares in the last quarter. MCF Advisors LLC grew its stake in shares of Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after acquiring an additional 163 shares during the period. Raleigh Capital Management Inc. increased its holdings in Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after acquiring an additional 135 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new stake in Target during the 3rd quarter worth approximately $36,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TGT. Oppenheimer reissued an “outperform” rating and issued a $165.00 price objective on shares of Target in a research note on Monday, November 25th. Piper Sandler decreased their price target on Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lowered Target from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $184.00 to $108.00 in a research note on Wednesday, November 20th. Wells Fargo & Company lowered their price target on Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Finally, Citigroup increased their price objective on shares of Target from $130.00 to $133.00 and gave the company a “neutral” rating in a report on Friday, January 17th. 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $157.70.

Target Stock Down 2.7 %

Shares of NYSE TGT opened at $134.24 on Tuesday. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86. The firm has a market capitalization of $61.51 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 2.24 and a beta of 1.15. The stock has a 50 day moving average price of $134.80 and a 200 day moving average price of $144.33. 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 quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The firm had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Target’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.10 EPS. Sell-side analysts expect that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The firm 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. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.34%. Target’s dividend payout ratio is presently 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.