HighPoint Advisor Group LLC Has $2.07 Million Holdings in Target Co. (NYSE:TGT)

HighPoint Advisor Group LLC boosted its stake in Target Co. (NYSE:TGT) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,551 shares of the retailer’s stock after purchasing an additional 993 shares during the period. HighPoint Advisor Group LLC’s holdings in Target were worth $2,065,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Legacy Investment Solutions LLC bought a new position in shares of Target during the third quarter worth about $28,000. Hopwood Financial Services Inc. acquired a new stake in Target during the 4th quarter valued at approximately $29,000. MCF Advisors LLC raised its holdings in Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares during the last quarter. Raleigh Capital Management Inc. lifted its position in shares of Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after purchasing an additional 135 shares during the period. Finally, FSA Wealth Management LLC bought a new stake in shares of Target in the 3rd quarter valued at $36,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TGT has been the topic of several recent analyst reports. Piper Sandler dropped their target price on shares of Target from $132.00 to $124.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Stifel Nicolaus cut their target price on Target from $130.00 to $120.00 and set a “hold” rating on the stock in a research report on Thursday, March 20th. Citigroup lowered their target price on Target from $133.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. Roth Capital set a $122.00 price target on Target in a report on Wednesday, March 5th. Finally, Oppenheimer lowered their price objective on shares of Target from $165.00 to $150.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $143.40.

Target Stock Performance

NYSE TGT opened at $104.34 on Tuesday. The company has a fifty day moving average price of $122.37 and a 200-day moving average price of $136.08. The firm has a market cap of $47.53 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 1.94 and a beta of 1.18. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target Co. has a 1 year low of $100.50 and a 1 year high of $181.86.

Target (NYSE:TGT) last issued 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 business had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. As a group, equities research analysts predict that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.29%. Target’s dividend payout ratio is currently 50.56%.

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.