Target Co. (NYSE:TGT) Shares Acquired by Ieq Capital LLC

Ieq Capital LLC increased its holdings in Target Co. (NYSE:TGT) by 23.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 57,528 shares of the retailer’s stock after buying an additional 10,824 shares during the period. Ieq Capital LLC’s holdings in Target were worth $7,777,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Cynosure Group LLC boosted its holdings in shares of Target by 4.3% in the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock valued at $248,000 after buying an additional 65 shares during the period. Financial Advocates Investment Management boosted its holdings in shares of Target by 1.2% in the 3rd quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock valued at $894,000 after buying an additional 67 shares during the period. Hancock Whitney Corp boosted its holdings in shares of Target by 3.3% in the 3rd quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock valued at $336,000 after buying an additional 68 shares during the period. Eagle Bluffs Wealth Management LLC boosted its stake in Target by 1.1% during the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock valued at $1,063,000 after purchasing an additional 73 shares during the period. Finally, Proffitt & Goodson Inc. boosted its stake in Target by 2.2% during the 3rd quarter. Proffitt & Goodson Inc. now owns 3,460 shares of the retailer’s stock valued at $539,000 after purchasing an additional 73 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Down 1.9 %

Shares of NYSE:TGT opened at $128.20 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The company has a market cap of $58.74 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 1.97 and a beta of 1.15. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86. The firm has a 50 day simple moving average of $134.61 and a 200 day simple moving average of $142.74.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). The firm had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the company posted $2.10 EPS. As a group, research analysts expect that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be given a $1.12 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.49%. Target’s dividend payout ratio (DPR) is presently 47.51%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TGT shares. Hsbc Global Res lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Truist Financial boosted their target price 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. Oppenheimer reissued an “outperform” rating and set a $165.00 target price on shares of Target in a research note on Monday, November 25th. Guggenheim boosted their target price on shares of Target from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. One 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’s stock. Based on data from MarketBeat.com, the stock currently 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.