Target Co. (NYSE:TGT) Stock Holdings Increased by Texas Capital Bank Wealth Management Services Inc

Texas Capital Bank Wealth Management Services Inc increased its stake in Target Co. (NYSE:TGT) by 210.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,531 shares of the retailer’s stock after purchasing an additional 5,107 shares during the quarter. Texas Capital Bank Wealth Management Services Inc’s holdings in Target were worth $1,018,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in TGT. Nicholas Company Inc. raised its position in Target by 20.5% during the fourth quarter. Nicholas Company Inc. now owns 55,810 shares of the retailer’s stock valued at $7,544,000 after buying an additional 9,485 shares during the period. River Road Asset Management LLC grew its position in Target by 144.9% in the 4th quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer’s stock worth $31,699,000 after purchasing an additional 138,751 shares during the last quarter. Mountain Hill Investment Partners Corp. bought a new stake in Target in the fourth quarter valued at about $6,459,000. Sierra Summit Advisors LLC grew its position in Target by 29.0% in the fourth quarter. Sierra Summit Advisors LLC now owns 14,354 shares of the retailer’s stock valued at $1,940,000 after acquiring an additional 3,231 shares during the period. Finally, Wilmington Savings Fund Society FSB grew its stake in Target by 25.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock worth $2,430,000 after buying an additional 3,590 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Trading Down 5.2 %

NYSE:TGT opened at $92.57 on Friday. The company has a market cap of $42.17 billion, a PE ratio of 9.82, a PEG ratio of 1.94 and a beta of 1.28. 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 one year low of $87.35 and a one year high of $173.05. The firm has a 50-day moving average of $113.87 and a 200-day moving average of $132.29.

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

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be issued a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.84%. Target’s dividend payout ratio is currently 50.56%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Gordon Haskett lowered Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Stifel Nicolaus lowered their price target on Target from $130.00 to $120.00 and set a “hold” rating for the company in a research note on Thursday, March 20th. Truist Financial lowered their price target on Target from $124.00 to $82.00 and set a “hold” rating for the company in a report on Tuesday. Guggenheim raised their price objective on shares of Target from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, Jefferies Financial Group lowered their price target on Target from $165.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, twenty have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $136.03.

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.