Target Co. (NYSE:TGT) Position Increased by Paladin Wealth LLC

Paladin Wealth LLC lifted its position in Target Co. (NYSE:TGT) by 38.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 7,283 shares of the retailer’s stock after buying an additional 2,029 shares during the quarter. Paladin Wealth LLC’s holdings in Target were worth $985,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. State Street Corp grew its position in Target by 8.3% during the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after purchasing an additional 2,732,801 shares in the last quarter. FMR LLC boosted its position in shares of Target by 11.7% in the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after buying an additional 1,046,044 shares during the period. Geode Capital Management LLC boosted its position in shares of Target by 1.4% in the third quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock worth $1,461,456,000 after buying an additional 130,691 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Target by 1.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,321,055 shares of the retailer’s stock valued at $517,620,000 after buying an additional 62,916 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Target by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,053,471 shares of the retailer’s stock valued at $475,914,000 after buying an additional 56,695 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analysts Set New Price Targets

TGT has been the subject of a number of research reports. Daiwa America lowered Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. decreased their price target on shares of Target from $167.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Hsbc Global Res lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Guggenheim lifted 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, Piper Sandler lowered their price target on shares of Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Target has a consensus rating of “Hold” and a consensus target price of $157.70.

Target Stock Performance

TGT opened at $131.34 on Tuesday. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86. The firm has a market capitalization of $60.18 billion, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 2.04 and a beta of 1.15. The stock’s 50 day moving average price is $135.22 and its two-hundred day moving average price is $143.78. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

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

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio is currently 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.