Avidian Wealth Enterprises LLC Has $779,000 Holdings in Target Co. (NYSE:TGT)

Avidian Wealth Enterprises LLC raised its position in Target Co. (NYSE:TGT) by 34.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,764 shares of the retailer’s stock after purchasing an additional 1,482 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Target were worth $779,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in shares of Target during the third quarter worth about $28,000. Wolff Wiese Magana LLC boosted its position in Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after acquiring an additional 133 shares during the last quarter. FSA Wealth Management LLC bought a new position in shares of Target during the 3rd quarter worth approximately $36,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Target in the third quarter valued at approximately $38,000. Finally, MCF Advisors LLC lifted its position in shares of Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Target Price Performance

NYSE:TGT opened at $127.50 on Thursday. 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 firm has a market cap of $58.42 billion, a price-to-earnings ratio of 13.52, a P/E/G ratio of 2.04 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’s 50-day simple moving average is $135.26 and its 200 day simple moving average is $143.56.

Target (NYSE:TGT) last issued its quarterly earnings results 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). Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter last year, the firm posted $2.10 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. As a group, sell-side analysts predict that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The business 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. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date is Wednesday, February 12th. Target’s payout ratio is currently 47.51%.

Analyst Ratings Changes

A number of research firms recently weighed in on TGT. Citigroup raised their target price on shares of Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Evercore ISI decreased their price objective on Target from $165.00 to $130.00 and set an “in-line” rating for the company in a report on Thursday, November 21st. Daiwa America lowered Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Truist Financial raised their price target on Target from $129.00 to $134.00 and gave the company a “hold” rating in a research note on Friday, January 17th. Finally, BMO Capital Markets lowered their price target on Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $157.70.

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.