Target Co. (NYSE:TGT) Shares Bought by Vista Capital Partners Inc.

Vista Capital Partners Inc. boosted its holdings in shares of Target Co. (NYSE:TGT) by 6.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,096 shares of the retailer’s stock after buying an additional 134 shares during the quarter. Vista Capital Partners Inc.’s holdings in Target were worth $283,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC acquired a new stake in shares of Target in the 3rd quarter valued at $28,000. FSA Wealth Management LLC acquired a new stake in shares of Target in the 3rd quarter valued at $36,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Target in the 3rd quarter valued at $38,000. MCF Advisors LLC raised its holdings 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 in the last quarter. Finally, Raleigh Capital Management Inc. raised its holdings in shares of Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $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 Stock Up 1.7 %

Shares of NYSE TGT opened at $130.00 on Wednesday. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $59.57 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. The firm has a 50-day moving average price of $134.86 and a 200 day moving average price of $142.93. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86.

Target (NYSE:TGT) last announced its 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 business had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The business’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.10 EPS. Equities research analysts anticipate that Target Co. will post 8.69 EPS for the current fiscal 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. This represents a $4.48 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date is Wednesday, February 12th. Target’s payout ratio is currently 47.51%.

Analyst Upgrades and Downgrades

TGT has been the topic of a number of analyst reports. Piper Sandler reduced their price objective on shares of Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. BMO Capital Markets dropped their target price on shares of Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research report on Thursday, November 21st. Stifel Nicolaus increased their target price on shares of Target from $137.00 to $145.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft downgraded shares of Target from a “buy” rating to a “hold” rating and dropped their target price for the company from $184.00 to $108.00 in a research report on Wednesday, November 20th. Finally, HSBC downgraded shares of Target from a “buy” rating to a “hold” rating and set a $138.00 target price on the stock. in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $157.70.

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.