Thurston Springer Miller Herd & Titak Inc. Boosts Holdings in Target Co. (NYSE:TGT)

Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Target Co. (NYSE:TGT) by 44.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,078 shares of the retailer’s stock after buying an additional 1,554 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Target were worth $686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of TGT. Legacy Investment Solutions LLC bought a new stake in Target during the 3rd quarter valued at approximately $28,000. Wolff Wiese Magana LLC lifted its stake in shares of Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after purchasing an additional 133 shares during the period. FSA Wealth Management LLC bought a new stake in shares of Target during the third quarter valued at approximately $36,000. Catalyst Capital Advisors LLC purchased a new stake in Target in the third quarter worth $38,000. Finally, First Financial Corp IN grew its stake in Target by 330.8% in the fourth quarter. First Financial Corp IN now owns 280 shares of the retailer’s stock worth $38,000 after purchasing an additional 215 shares during the period. 79.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TGT has been the subject of several recent research reports. Melius Research assumed coverage on Target in a research report on Monday, September 23rd. They set a “buy” rating and a $180.00 price objective for the company. Sanford C. Bernstein assumed coverage on shares of Target in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 price target for the company. Bank of America cut their price objective on shares of Target from $195.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Piper Sandler decreased their target price on shares of Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Finally, Daiwa America cut Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, Target currently has an average rating of “Hold” and a consensus price target of $160.57.

Target Stock Performance

TGT opened at $134.58 on Thursday. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86. The company has a market cap of $61.67 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 2.21 and a beta of 1.16. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The company’s 50 day moving average is $137.06 and its 200 day moving average is $145.39.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share (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 business had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same period in the previous year, the firm earned $2.10 EPS. The company’s revenue was up .9% on a year-over-year basis. On average, equities research analysts predict that Target Co. will post 8.6 EPS for the current year.

Target Dividend Announcement

The business also recently disclosed 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 3.33%. Target’s payout ratio is currently 47.51%.

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.