296 Shares in Target Co. (NYSE:TGT) Bought by Compass Financial Services Inc

Compass Financial Services Inc bought a new stake in Target Co. (NYSE:TGT) during the fourth quarter, HoldingsChannel.com reports. The firm bought 296 shares of the retailer’s stock, valued at approximately $40,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TGT. Legacy Investment Solutions LLC acquired a new position in shares of Target during the third quarter worth $28,000. Wolff Wiese Magana LLC grew 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 purchasing an additional 133 shares during the last quarter. MCF Advisors LLC raised its holdings in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after buying an additional 163 shares during the last quarter. Raleigh Capital Management Inc. grew its holdings in Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after acquiring an additional 135 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new position in shares of Target during the third quarter valued at $36,000. Institutional investors own 79.73% of the company’s stock.

Target Price Performance

Target stock opened at $131.29 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The company has a market cap of $60.16 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 2.04 and a beta of 1.15. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The business’s 50 day simple moving average is $135.22 and its 200 day simple moving average is $143.84.

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

Target Announces Dividend

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

Analysts Set New Price Targets

TGT has been the topic of several recent research reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $150.00 target price on shares of Target in a report on Friday, January 17th. Oppenheimer reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Target in a research note on Monday, November 25th. Daiwa America downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Piper Sandler decreased their price objective on shares of Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. decreased their price target on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $157.70.

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.