1,708 Shares in Target Co. (NYSE:TGT) Bought by Highview Capital Management LLC DE

Highview Capital Management LLC DE acquired a new stake in shares of Target Co. (NYSE:TGT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,708 shares of the retailer’s stock, valued at approximately $231,000.

Several other large investors have also recently modified their holdings of TGT. Human Investing LLC bought a new position in Target in the 4th quarter worth $74,000. DDD Partners LLC increased its holdings in shares of Target by 5.1% during the fourth quarter. DDD Partners LLC now owns 165,968 shares of the retailer’s stock valued at $22,435,000 after acquiring an additional 8,011 shares in the last quarter. Spectrum Wealth Advisory Group LLC bought a new position in shares of Target in the fourth quarter worth approximately $287,000. Allworth Financial LP raised its stake in shares of Target by 1.7% in the fourth quarter. Allworth Financial LP now owns 33,133 shares of the retailer’s stock worth $4,498,000 after purchasing an additional 562 shares during the last quarter. Finally, Principal Securities Inc. lifted its position in Target by 1.7% during the fourth quarter. Principal Securities Inc. now owns 5,553 shares of the retailer’s stock valued at $751,000 after purchasing an additional 95 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Price Performance

Shares of NYSE TGT opened at $127.86 on Monday. The firm has a market capitalization of $58.58 billion, a PE ratio of 13.56, a P/E/G ratio of 2.04 and a beta of 1.15. The business’s fifty day moving average price is $135.11 and its two-hundred day moving average price is $143.18. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.45). The company 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%. Target’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.10 EPS. On average, research analysts expect that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.50%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio is currently 47.51%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Sanford C. Bernstein boosted their price target on Target from $139.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday, January 28th. Telsey Advisory Group reissued an “outperform” rating and set a $150.00 price objective on shares of Target in a report on Friday, January 17th. TD Cowen reduced their target price on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Hsbc Global Res lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Truist Financial lifted their price target on shares of Target from $129.00 to $134.00 and gave the company a “hold” rating in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.