Crews Bank & Trust Purchases New Shares in Target Co. (NYSE:TGT)

Crews Bank & Trust bought a new position in Target Co. (NYSE:TGT) in the 4th quarter, HoldingsChannel reports. The fund bought 4,333 shares of the retailer’s stock, valued at approximately $586,000.

Several other hedge funds have also recently bought and sold shares of TGT. EP Wealth Advisors LLC grew its stake in Target by 54.3% in the 2nd quarter. EP Wealth Advisors LLC now owns 14,052 shares of the retailer’s stock valued at $2,080,000 after buying an additional 4,944 shares during the last quarter. Advisory Alpha LLC increased its position in Target by 7.2% in the 2nd quarter. Advisory Alpha LLC now owns 1,435 shares of the retailer’s stock worth $213,000 after buying an additional 96 shares during the period. Farmers National Bank raised its stake in Target by 4.0% during the 2nd quarter. Farmers National Bank now owns 21,865 shares of the retailer’s stock valued at $3,237,000 after purchasing an additional 845 shares during the last quarter. Brown Financial Advisors bought a new stake in shares of Target in the second quarter valued at about $1,486,000. Finally, Creekside Partners bought a new stake in shares of Target in the 2nd quarter worth approximately $343,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TGT shares. Telsey Advisory Group restated an “outperform” rating and issued a $150.00 price objective on shares of Target in a research note on Friday, January 17th. Wells Fargo & Company dropped their target price on shares of Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. Truist Financial increased their price target on shares of Target from $129.00 to $134.00 and gave the company a “hold” rating in a research note on Friday, January 17th. Roth Mkm dropped their price objective on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Finally, Daiwa Capital Markets lowered Target from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $170.00 to $130.00 in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $157.70.

Target Price Performance

Shares of TGT opened at $141.01 on Thursday. The business’s 50 day moving average price is $133.80 and its two-hundred day moving average price is $144.64. The firm has a market cap of $64.61 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 2.21 and a beta of 1.16. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). The business had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Target’s revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.10 EPS. On average, equities analysts anticipate that Target Co. will post 8.68 EPS for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders 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 yield of 3.18%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s payout ratio is 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.