Alta Advisers Ltd Purchases 231 Shares of Target Co. (NYSE:TGT)

Alta Advisers Ltd boosted its holdings in shares of Target Co. (NYSE:TGT) by 17.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,531 shares of the retailer’s stock after acquiring an additional 231 shares during the period. Alta Advisers Ltd’s holdings in Target were worth $207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Invst LLC boosted its position in Target by 2.4% during the 3rd quarter. Invst LLC now owns 11,760 shares of the retailer’s stock valued at $1,833,000 after acquiring an additional 276 shares in the last quarter. Westside Investment Management Inc. boosted its position in Target by 5.6% during the third quarter. Westside Investment Management Inc. now owns 1,684 shares of the retailer’s stock valued at $257,000 after purchasing an additional 90 shares in the last quarter. World Investment Advisors LLC grew its stake in Target by 142.5% in the third quarter. World Investment Advisors LLC now owns 6,585 shares of the retailer’s stock valued at $1,026,000 after purchasing an additional 3,870 shares during the last quarter. Arvest Bank Trust Division bought a new position in Target in the third quarter worth about $1,684,000. Finally, Wilmington Savings Fund Society FSB lifted its position in shares of Target by 331.7% during the third quarter. Wilmington Savings Fund Society FSB now owns 14,387 shares of the retailer’s stock valued at $2,242,000 after buying an additional 11,054 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TGT shares. KGI Securities set a $132.00 price objective on shares of Target in a research note on Wednesday, March 5th. 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, April 8th. JPMorgan Chase & Co. dropped their target price on Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. Citigroup decreased their price target on Target from $120.00 to $95.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. Finally, Mizuho started coverage on shares of Target in a report on Friday, April 11th. They set a “neutral” rating and a $92.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, twenty-two have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $132.37.

Target Price Performance

NYSE:TGT opened at $94.07 on Wednesday. The stock has a market capitalization of $42.86 billion, a PE ratio of 9.98, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28. Target Co. has a 52 week low of $87.35 and a 52 week high of $168.01. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The stock’s 50-day moving average price is $107.61 and its 200-day moving average price is $128.93.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. The business had revenue of $30.92 billion during 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 analysts expect that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be paid 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 dividend yield of 4.76%. 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.