Target Co. (NYSE:TGT) Shares Bought by Mitchell & Pahl Private Wealth LLC

Mitchell & Pahl Private Wealth LLC lifted its holdings in Target Co. (NYSE:TGT) by 17.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,459 shares of the retailer’s stock after purchasing an additional 1,716 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in Target were worth $1,549,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Legacy Investment Solutions LLC bought a new stake in Target during the third quarter worth approximately $28,000. Wolff Wiese Magana LLC boosted its stake in shares of Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after acquiring an additional 133 shares in the last quarter. FSA Wealth Management LLC acquired a new position in shares of Target in the 3rd quarter worth $36,000. Catalyst Capital Advisors LLC acquired a new position in shares of Target in the 3rd quarter worth $38,000. Finally, First Financial Corp IN raised its position in shares of Target by 330.8% during the fourth quarter. First Financial Corp IN now owns 280 shares of the retailer’s stock worth $38,000 after purchasing an additional 215 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Target Stock Performance

Shares of NYSE TGT opened at $133.62 on Tuesday. The business’s 50-day simple moving average is $136.13 and its 200-day simple moving average is $145.15. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The firm has a market cap of $61.22 billion, a price-to-earnings ratio of 14.17, a P/E/G ratio of 2.19 and a beta of 1.16.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The firm had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.10 EPS. As a group, equities research analysts expect that Target Co. will post 8.62 earnings per share for the current fiscal year.

Target Dividend Announcement

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 given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio is 47.51%.

Analyst Upgrades and Downgrades

TGT has been the subject of a number of recent analyst reports. Stifel Nicolaus increased their price target on Target from $137.00 to $145.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Piper Sandler dropped their target price on shares of Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lowered shares of Target from a “buy” rating to a “hold” rating and cut their price target for the company from $184.00 to $108.00 in a report on Wednesday, November 20th. TD Cowen decreased their price objective on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. Finally, Bank of America cut their target price on shares of Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research note 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $158.23.

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.