Citizens Financial Group Inc. RI Purchases 19,012 Shares of Target Co. (NYSE:TGT)

Citizens Financial Group Inc. RI grew its stake in Target Co. (NYSE:TGT) by 28.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 85,606 shares of the retailer’s stock after buying an additional 19,012 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Target were worth $11,572,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new position in shares of Target in the third quarter valued at approximately $28,000. FSA Wealth Management LLC acquired a new position in shares of Target in the third quarter valued at approximately $36,000. MCF Advisors LLC boosted its holdings in Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares during the last quarter. Raleigh Capital Management Inc. boosted its holdings in Target by 110.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after purchasing an additional 135 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in Target during the fourth quarter worth $36,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Trading Down 1.2 %

TGT opened at $113.74 on Tuesday. The company’s 50 day moving average is $131.63 and its 200-day moving average is $141.07. Target Co. has a 1-year low of $111.84 and a 1-year 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. The company has a market cap of $52.12 billion, a P/E ratio of 12.06, a PEG ratio of 1.94 and a beta of 1.18.

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

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Wednesday, February 12th were given a dividend of $1.12 per share. The ex-dividend date was Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.94%. Target’s dividend payout ratio is presently 50.56%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Truist Financial reduced their target price on shares of Target from $134.00 to $124.00 and set a “hold” rating for the company in a report on Wednesday, March 5th. Stifel Nicolaus dropped their price objective on shares of Target from $145.00 to $130.00 and set a “hold” rating on the stock in a research report on Wednesday, March 5th. Wells Fargo & Company dropped their price objective on shares of Target from $150.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. Citigroup dropped their price objective on shares of Target from $133.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. Finally, HSBC lowered shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price objective on the stock. in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $145.87.

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.