GWN Securities Inc. Acquires New Stake in Target Co. (NYSE:TGT)

GWN Securities Inc. acquired a new stake in shares of Target Co. (NYSE:TGTFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 4,942 shares of the retailer’s stock, valued at approximately $682,000.

Other large investors also recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of Target by 8.3% in the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after buying an additional 2,732,801 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Target in the 4th quarter worth $297,122,000. Two Sigma Advisers LP lifted its holdings in shares of Target by 173.2% in the 3rd quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock worth $369,295,000 after buying an additional 1,502,200 shares during the period. FMR LLC lifted its holdings in shares of Target by 11.7% in the 3rd 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. Finally, Worldquant Millennium Advisors LLC lifted its holdings in shares of Target by 773.1% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 832,766 shares of the retailer’s stock worth $129,795,000 after buying an additional 737,384 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TGT shares. The Goldman Sachs Group lowered their target price on Target from $166.00 to $142.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. DA Davidson reduced their price target on Target from $153.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. StockNews.com lowered Target from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Piper Sandler reduced their price target on Target from $132.00 to $124.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. Finally, BMO Capital Markets reduced their price target on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $145.87.

Read Our Latest Stock Analysis on TGT

Target Stock Up 0.2 %

Shares of TGT opened at $104.71 on Monday. Target Co. has a 52 week low of $103.46 and a 52 week high of $181.86. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $47.70 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 1.94 and a beta of 1.18. The stock’s 50-day moving average price is $129.35 and its 200-day moving average price is $139.63.

Target (NYSE:TGTGet Free Report) last issued its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS 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 firm had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. On average, sell-side analysts predict that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a yield of 4.28%. Target’s dividend payout ratio is currently 50.56%.

About Target

(Free Report)

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.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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