Hussman Strategic Advisors Inc. Boosts Holdings in Target Co. (NYSE:TGT)

Hussman Strategic Advisors Inc. lifted its position in shares of Target Co. (NYSE:TGT) by 20.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,600 shares of the retailer’s stock after buying an additional 2,100 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in Target were worth $1,703,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Thrivent Financial for Lutherans grew its holdings in shares of Target by 1.8% during the third quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock worth $4,368,000 after buying an additional 490 shares in the last quarter. Wilmington Savings Fund Society FSB grew its holdings in shares of Target by 25.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock worth $2,430,000 after buying an additional 3,590 shares in the last quarter. Northeast Financial Group Inc. purchased a new stake in shares of Target during the fourth quarter worth about $1,566,000. D.A. Davidson & CO. grew its holdings in shares of Target by 8.6% during the third quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock worth $18,619,000 after buying an additional 9,510 shares in the last quarter. Finally, Prana Capital Management LP grew its holdings in shares of Target by 47.5% during the third quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock worth $33,834,000 after buying an additional 69,885 shares in the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Stock Up 0.5 %

Shares of NYSE:TGT opened at $130.76 on Thursday. 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 fifty day simple moving average of $134.75 and a 200 day simple moving average of $142.84. The firm has a market cap of $59.92 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86.

Target (NYSE:TGT) last released its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter in the previous year, the firm earned $2.10 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. On average, 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 paid a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.43%. Target’s payout ratio is 47.51%.

Wall Street Analyst Weigh In

TGT has been the subject of a number of recent research reports. Oppenheimer reiterated an “outperform” rating and set a $165.00 price target on shares of Target in a report on Monday, November 25th. TD Cowen lowered their target price on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft downgraded shares of Target from a “buy” rating to a “hold” rating and lowered their target price for the company from $184.00 to $108.00 in a report on Wednesday, November 20th. Bank of America lowered their target price on shares of Target from $195.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Finally, Piper Sandler lowered their target price on shares of Target from $156.00 to $130.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. One investment 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 data from MarketBeat, Target currently has a consensus rating of “Hold” and an average price target of $157.70.

About Target

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.