Financial Network Wealth Management LLC Acquires 108 Shares of Target Co. (NYSE:TGT)

Financial Network Wealth Management LLC increased its holdings in shares of Target Co. (NYSE:TGT) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,106 shares of the retailer’s stock after purchasing an additional 108 shares during the period. Financial Network Wealth Management LLC’s holdings in Target were worth $284,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of TGT. Legacy Investment Solutions LLC bought a new position in shares of Target during the 3rd quarter valued at about $28,000. Hopwood Financial Services Inc. bought a new position in shares of Target during the 4th quarter valued at about $29,000. MCF Advisors LLC lifted its holdings in shares of Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares in the last quarter. Raleigh Capital Management Inc. lifted its holdings in shares of Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after purchasing an additional 135 shares in the last quarter. Finally, FSA Wealth Management LLC acquired a new stake in Target in the 3rd quarter valued at approximately $36,000. Institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TGT shares. Wells Fargo & Company dropped their target price on Target from $150.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. Stifel Nicolaus dropped their target price on Target from $130.00 to $120.00 and set a “hold” rating on the stock in a research report on Thursday. Daiwa Capital Markets lowered Target from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $170.00 to $130.00 in a research report on Tuesday, November 26th. Truist Financial dropped their target price on Target from $134.00 to $124.00 and set a “hold” rating on the stock in a research report on Wednesday, March 5th. Finally, BMO Capital Markets dropped their target price 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, seventeen have issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $145.55.

Target Stock Down 0.7 %

TGT stock opened at $104.19 on Friday. Target Co. has a fifty-two week low of $103.46 and a fifty-two week 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. The stock has a market capitalization of $47.47 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 1.94 and a beta of 1.18. The business’s fifty day moving average price is $126.64 and its two-hundred day moving average price is $138.47.

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

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s dividend payout ratio is currently 50.56%.

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.