Stratos Wealth Partners LTD. Raises Holdings in Target Co. (NYSE:TGT)

Stratos Wealth Partners LTD. boosted its position in Target Co. (NYSE:TGT) by 32.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 22,679 shares of the retailer’s stock after acquiring an additional 5,573 shares during the period. Stratos Wealth Partners LTD.’s holdings in Target were worth $3,066,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in shares of Target during the 3rd quarter valued at approximately $28,000. Wolff Wiese Magana LLC lifted its position in shares of Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after acquiring an additional 133 shares in the last quarter. MCF Advisors LLC boosted its holdings 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 acquiring an additional 163 shares during the period. Raleigh Capital Management Inc. grew its position in shares of Target by 110.7% in the fourth 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 purchased a new position in shares of Target in the third quarter valued at $36,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Stock Performance

Shares of TGT stock opened at $131.29 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. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The company has a market capitalization of $60.16 billion, a P/E ratio of 13.92, a PEG ratio of 2.24 and a beta of 1.15. The stock has a 50 day moving average price of $135.24 and a two-hundred day moving average price of $143.98.

Target (NYSE:TGT) last announced its quarterly 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). The firm had revenue of $25.23 billion for 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 company’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the company earned $2.10 EPS. Analysts expect that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be paid a $1.12 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.41%. Target’s payout ratio is presently 47.51%.

Analyst Ratings Changes

Several research analysts have commented on the company. Guggenheim raised their target price on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Piper Sandler reduced their price objective on shares of Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Roth Mkm reduced their price target on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Daiwa Capital Markets downgraded Target from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $170.00 to $130.00 in a research report on Tuesday, November 26th. Finally, BMO Capital Markets dropped their price objective on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.