Stratos Wealth Advisors LLC Acquires 1,986 Shares of Target Co. (NYSE:TGT)

Stratos Wealth Advisors LLC raised its holdings in shares of Target Co. (NYSE:TGT) by 28.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,903 shares of the retailer’s stock after purchasing an additional 1,986 shares during the period. Stratos Wealth Advisors LLC’s holdings in Target were worth $1,204,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TGT. Czech National Bank boosted its position in Target by 6.9% during the 3rd quarter. Czech National Bank now owns 94,277 shares of the retailer’s stock valued at $14,694,000 after acquiring an additional 6,119 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its stake in shares of Target by 1.9% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 9,880 shares of the retailer’s stock valued at $1,540,000 after purchasing an additional 187 shares during the period. Atomi Financial Group Inc. boosted its position in shares of Target by 39.3% during the third quarter. Atomi Financial Group Inc. now owns 3,528 shares of the retailer’s stock valued at $550,000 after purchasing an additional 995 shares in the last quarter. Brookstone Capital Management grew its stake in Target by 6.5% in the third quarter. Brookstone Capital Management now owns 15,021 shares of the retailer’s stock worth $2,341,000 after purchasing an additional 911 shares during the period. Finally, Hoxton Planning & Management LLC raised its holdings in Target by 23.3% in the third quarter. Hoxton Planning & Management LLC now owns 1,772 shares of the retailer’s stock worth $276,000 after purchasing an additional 335 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

TGT has been the topic of a number of research reports. Oppenheimer restated an “outperform” rating and set a $165.00 target price on shares of Target in a report on Monday, November 25th. Truist Financial boosted their price objective on shares of Target from $129.00 to $134.00 and gave the stock a “hold” rating in a research note on Friday, January 17th. HSBC downgraded shares of Target from a “buy” rating to a “hold” rating and set a $138.00 target price for the company. in a research note on Wednesday, November 20th. Bank of America dropped their price target on Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Finally, Sanford C. Bernstein raised their price objective on Target from $139.00 to $142.00 and gave the company a “market perform” rating in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, Target presently has an average rating of “Hold” and an average target price of $157.70.

Target Trading Down 0.5 %

Shares of TGT stock opened at $134.59 on Friday. 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 company has a market cap of $61.67 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 2.24 and a beta of 1.15. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The firm has a fifty day moving average price of $135.16 and a 200-day moving average price of $144.04.

Target (NYSE:TGT) last released 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 for the quarter, compared to the consensus estimate of $25.87 billion. During the same period in the prior year, the firm posted $2.10 EPS. The business’s revenue for the quarter was up .9% on a year-over-year basis. As a group, equities analysts predict that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The company 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. This represents a $4.48 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Wednesday, February 12th. Target’s payout ratio is 47.51%.

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.