Larson Financial Group LLC Boosts Holdings in Target Co. (NYSE:TGT)

Larson Financial Group LLC boosted its position in shares of Target Co. (NYSE:TGT) by 7.5% in the fourth quarter, HoldingsChannel reports. The fund owned 9,465 shares of the retailer’s stock after purchasing an additional 662 shares during the quarter. Larson Financial Group LLC’s holdings in Target were worth $1,279,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TGT. Legacy Investment Solutions LLC purchased a new stake in Target during the third quarter valued at approximately $28,000. MCF Advisors LLC increased its stake in 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 purchasing an additional 163 shares in the last quarter. 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 valued at $35,000 after purchasing an additional 135 shares in the last quarter. FSA Wealth Management LLC acquired a new position in Target during the 3rd quarter valued at approximately $36,000. Finally, First Financial Corp IN increased its stake in Target by 330.8% during the 4th quarter. First Financial Corp IN now owns 280 shares of the retailer’s stock valued at $38,000 after purchasing an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Performance

TGT opened at $115.11 on Friday. 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 company has a market cap of $52.74 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 1.94 and a beta of 1.18. Target Co. has a 52-week low of $112.10 and a 52-week high of $181.86. The firm’s fifty day simple moving average is $132.05 and its two-hundred day simple moving average is $141.49.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.17. The business had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Equities analysts anticipate that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th were issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.89%. The ex-dividend date was Wednesday, February 12th. Target’s payout ratio is 50.56%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. TD Cowen cut their price target on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Gordon Haskett lowered shares of Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. cut their price target on shares of Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday. Truist Financial cut their price target on shares of Target from $134.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday. Finally, Evercore ISI cut their price objective on shares of Target from $135.00 to $130.00 and set an “in-line” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Target currently has an average rating of “Hold” and a consensus price target of $147.00.

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.