Target Co. (NYSE:TGT) Shares Bought by Griffin Asset Management Inc.

Griffin Asset Management Inc. boosted its holdings in shares of Target Co. (NYSE:TGT) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,254 shares of the retailer’s stock after purchasing an additional 757 shares during the period. Griffin Asset Management Inc.’s holdings in Target were worth $8,551,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Creative Planning boosted its stake in Target by 4.2% in the 2nd quarter. Creative Planning now owns 198,240 shares of the retailer’s stock worth $29,347,000 after purchasing an additional 7,978 shares during the period. Silver Lake Advisory LLC purchased a new stake in shares of Target in the second quarter valued at $249,000. Kimelman & Baird LLC acquired a new stake in shares of Target in the second quarter worth $52,000. EP Wealth Advisors LLC grew its holdings in shares of Target by 54.3% during the second quarter. EP Wealth Advisors LLC now owns 14,052 shares of the retailer’s stock valued at $2,080,000 after buying an additional 4,944 shares in the last quarter. Finally, Chase Investment Counsel Corp raised its position in Target by 9.1% during the second quarter. Chase Investment Counsel Corp now owns 3,598 shares of the retailer’s stock valued at $532,000 after buying an additional 300 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Target Price Performance

Shares of NYSE TGT opened at $142.44 on Tuesday. Target Co. has a fifty-two week low of $120.21 and a fifty-two 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’s 50-day simple moving average is $134.37 and its 200 day simple moving average is $144.79. The stock has a market cap of $65.27 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 2.21 and a beta of 1.16.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) 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 company had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. During the same quarter last year, the business posted $2.10 EPS. The business’s quarterly revenue was up .9% on a year-over-year basis. As a group, research analysts anticipate that Target Co. will post 8.68 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be paid 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 3.15%. Target’s payout ratio is 47.51%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TGT shares. Oppenheimer reaffirmed an “outperform” rating and set a $165.00 target price on shares of Target in a research note on Monday, November 25th. Bank of America dropped their price objective 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. Daiwa America lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Roth Mkm lowered their price target on shares of Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Finally, Piper Sandler cut their price objective on Target from $156.00 to $130.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. One equities 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 company’s stock. According to data from MarketBeat, Target currently has an average rating of “Hold” and a consensus target price of $157.70.

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.