AssuredPartners Investment Advisors LLC Makes New $317,000 Investment in Target Co. (NYSE:TGT)

AssuredPartners Investment Advisors LLC acquired a new stake in shares of Target Co. (NYSE:TGT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,342 shares of the retailer’s stock, valued at approximately $317,000.

Other institutional investors have also made changes to their positions in the company. Townsquare Capital LLC increased its position in shares of Target by 24.5% during the third quarter. Townsquare Capital LLC now owns 8,182 shares of the retailer’s stock worth $1,275,000 after acquiring an additional 1,612 shares during the last quarter. Cynosure Group LLC grew its stake in Target by 4.3% during the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock valued at $248,000 after purchasing an additional 65 shares in the last quarter. CreativeOne Wealth LLC raised its position in shares of Target by 31.3% in the 3rd quarter. CreativeOne Wealth LLC now owns 5,877 shares of the retailer’s stock valued at $916,000 after purchasing an additional 1,402 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Target by 1.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 204,885 shares of the retailer’s stock valued at $31,933,000 after purchasing an additional 2,877 shares in the last quarter. Finally, Fiduciary Trust Co boosted its stake in shares of Target by 2.1% during the 3rd quarter. Fiduciary Trust Co now owns 19,708 shares of the retailer’s stock valued at $3,072,000 after buying an additional 406 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TGT. JPMorgan Chase & Co. reduced their price objective on shares of Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. Piper Sandler cut their target price on shares of Target from $132.00 to $124.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. Truist Financial decreased their price target on Target from $134.00 to $124.00 and set a “hold” rating for the company in a research note on Wednesday, March 5th. Gordon Haskett cut Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, Jefferies Financial Group decreased their target price on Target from $165.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $143.40.

Target Stock Down 2.7 %

NYSE TGT opened at $103.63 on Friday. The company has a market cap of $47.21 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 1.94 and a beta of 1.18. Target Co. has a 1-year low of $101.76 and a 1-year high of $181.86. 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 50 day moving average of $122.96 and a 200-day moving average of $136.54.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. On average, equities research analysts expect that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be paid a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.32%. Target’s payout ratio is currently 50.56%.

Target 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.