LSV Asset Management Acquires 54,710 Shares of Target Co. (NYSE:TGT)

LSV Asset Management increased its holdings in shares of Target Co. (NYSE:TGT) by 24.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 278,410 shares of the retailer’s stock after purchasing an additional 54,710 shares during the period. LSV Asset Management’s holdings in Target were worth $37,635,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TGT. Nicholas Company Inc. boosted its position in Target by 20.5% during the 4th quarter. Nicholas Company Inc. now owns 55,810 shares of the retailer’s stock valued at $7,544,000 after acquiring an additional 9,485 shares in the last quarter. River Road Asset Management LLC lifted its stake in shares of Target by 144.9% during 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 during the fourth quarter valued at about $6,459,000. Sierra Summit Advisors LLC grew its stake 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 purchasing an additional 3,231 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB raised its holdings in Target by 25.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock worth $2,430,000 after purchasing an additional 3,590 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Stifel Nicolaus cut their price target on shares of Target from $130.00 to $120.00 and set a “hold” rating on the stock in a report on Thursday, March 20th. Truist Financial decreased their price objective on Target from $124.00 to $82.00 and set a “hold” rating for the company in a report on Tuesday. Mizuho initiated coverage on Target in a research note on Friday. They set a “neutral” rating and a $92.00 target price on the stock. Finally, Gordon Haskett cut Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, twenty-one have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Target currently has a consensus rating of “Hold” and a consensus target price of $134.57.

Target Stock Up 0.1 %

Shares of TGT stock opened at $92.77 on Friday. Target Co. has a twelve month low of $87.35 and a twelve month high of $171.06. The stock has a market cap of $42.26 billion, a P/E ratio of 9.84, a P/E/G ratio of 1.94 and a beta of 1.28. The stock has a 50 day moving average of $113.01 and a 200 day moving average of $131.86. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last released its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating 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 company had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. As a group, sell-side analysts expect that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a yield of 4.83%. 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.