Newbridge Financial Services Group Inc. Makes New $128,000 Investment in Target Co. (NYSE:TGT)

Newbridge Financial Services Group Inc. purchased a new stake in Target Co. (NYSE:TGT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 945 shares of the retailer’s stock, valued at approximately $128,000.

A number of other institutional investors also recently modified their holdings of the business. Thrivent Financial for Lutherans raised its stake in Target by 1.8% during the third quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock worth $4,368,000 after acquiring an additional 490 shares in the last quarter. Northeast Financial Group Inc. acquired a new position in Target during the 4th quarter worth approximately $1,566,000. D.A. Davidson & CO. increased its position in Target by 8.6% during the 3rd quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock worth $18,619,000 after purchasing an additional 9,510 shares in the last quarter. Prana Capital Management LP lifted its stake in Target by 47.5% in the 3rd quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock valued at $33,834,000 after purchasing an additional 69,885 shares during the last quarter. Finally, Polianta Ltd boosted its position in Target by 39.2% in the fourth quarter. Polianta Ltd now owns 10,300 shares of the retailer’s stock valued at $1,392,000 after buying an additional 2,900 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Trading Down 2.5 %

TGT opened at $131.29 on Monday. The company has a fifty day moving average price of $135.22 and a two-hundred day moving average price of $143.80. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86. The company has a market cap of $60.16 billion, a P/E ratio of 13.92, a price-to-earnings-growth ratio of 2.04 and a beta of 1.15. 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 issued its earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same period in the previous year, the firm earned $2.10 earnings per share. The business’s quarterly revenue was up .9% on a year-over-year basis. Analysts predict that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date is Wednesday, February 12th. Target’s payout ratio is 47.51%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Sanford C. Bernstein upped their price target on shares of Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, January 28th. Daiwa America cut Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. HSBC lowered Target from a “buy” rating to a “hold” rating and set a $138.00 price target on the stock. in a research note on Wednesday, November 20th. Daiwa Capital Markets downgraded Target from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $170.00 to $130.00 in a research note on Tuesday, November 26th. Finally, Piper Sandler cut their target price on shares of Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $157.70.

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.