Waycross Partners LLC Purchases 3,268 Shares of Target Co. (NYSE:TGT)

Waycross Partners LLC raised its position in Target Co. (NYSE:TGT) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 137,858 shares of the retailer’s stock after purchasing an additional 3,268 shares during the period. Target makes up about 2.4% of Waycross Partners LLC’s investment portfolio, making the stock its 18th biggest holding. Waycross Partners LLC’s holdings in Target were worth $18,636,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in Target during the 3rd quarter worth $28,000. FSA Wealth Management LLC bought a new position in shares of Target during the 3rd quarter valued at about $36,000. Catalyst Capital Advisors LLC bought a new position in shares of Target during the 3rd quarter valued at about $38,000. MCF Advisors LLC grew its position in shares of Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares during the period. Finally, Raleigh Capital Management Inc. increased its stake in Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after purchasing an additional 135 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Price Performance

Target stock opened at $127.86 on Tuesday. The stock’s 50 day moving average is $135.11 and its 200-day moving average is $143.13. The company has a market capitalization of $58.58 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 2.04 and a beta of 1.15. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last posted its 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 return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. During the same period in the prior year, the business posted $2.10 EPS. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Equities research analysts expect that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be given 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 3.50%. Target’s payout ratio is presently 47.51%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TGT. Daiwa America downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. HSBC cut Target from a “buy” rating to a “hold” rating and set a $138.00 target price for the company. in a report on Wednesday, November 20th. Bank of America cut their price target on Target from $195.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Truist Financial upped their price objective on Target from $129.00 to $134.00 and gave the stock a “hold” rating in a research report on Friday, January 17th. Finally, Citigroup lifted their target price on Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Target has a consensus rating of “Hold” and a consensus target price of $157.70.

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.