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

GWN Securities Inc. acquired a new stake in shares of Target Co. (NYSE:TGT) 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.

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:TGT) 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

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.