Mather Group LLC. Acquires 4,842 Shares of Target Co. (NYSE:TGT)

Mather Group LLC. boosted its stake in shares of Target Co. (NYSE:TGT) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,178 shares of the retailer’s stock after purchasing an additional 4,842 shares during the quarter. Mather Group LLC.’s holdings in Target were worth $13,137,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new stake in Target in the 3rd quarter valued at $28,000. Wolff Wiese Magana LLC lifted its holdings 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 buying an additional 133 shares in the last quarter. FSA Wealth Management LLC bought a new stake in shares of Target in the third quarter valued at about $36,000. Catalyst Capital Advisors LLC acquired a new position in shares of Target in the third quarter valued at about $38,000. Finally, MCF Advisors LLC increased its position in Target by 175.3% during 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. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TGT shares. Sanford C. Bernstein boosted their price objective on shares of Target from $139.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, January 28th. Daiwa Capital Markets downgraded Target from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $170.00 to $130.00 in a research report on Tuesday, November 26th. BMO Capital Markets lowered their price objective on Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research note on Thursday, November 21st. StockNews.com upgraded Target from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Finally, Piper Sandler decreased their price target on Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, Target currently has an average rating of “Hold” and a consensus price target of $157.70.

Target Price Performance

Shares of Target stock opened at $134.24 on Tuesday. The company has a market cap of $61.51 billion, a PE ratio of 14.24, a P/E/G ratio of 2.24 and a beta of 1.15. The business has a 50 day moving average of $134.80 and a 200 day moving average of $144.33. Target Co. has a 52 week low of $120.21 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.

Target (NYSE:TGT) last posted its earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. During the same period in the prior year, the business posted $2.10 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. As a group, equities research analysts forecast 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 issued a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.34%. Target’s dividend payout ratio (DPR) is 47.51%.

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.