Rodgers Brothers Inc. boosted its holdings in Target Co. (NYSE:TGT) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 43,978 shares of the retailer’s stock after buying an additional 1,169 shares during the quarter. Rodgers Brothers Inc.’s holdings in Target were worth $2,870,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Capital Investment Advisory Services LLC grew its position in Target by 9.9% in the fourth quarter. Capital Investment Advisory Services LLC now owns 7,675 shares of the retailer’s stock worth $501,000 after buying an additional 693 shares during the last quarter. Corient Capital Partners LLC boosted its stake in Target by 11.1% in the 4th quarter. Corient Capital Partners LLC now owns 6,994 shares of the retailer’s stock worth $456,000 after purchasing an additional 699 shares during the period. White Pine Capital LLC boosted its stake in Target by 2.7% in the 4th quarter. White Pine Capital LLC now owns 27,908 shares of the retailer’s stock worth $1,821,000 after purchasing an additional 725 shares during the period. Haverford Trust Co. boosted its stake in Target by 4.0% in the 4th quarter. Haverford Trust Co. now owns 20,290 shares of the retailer’s stock worth $1,324,000 after purchasing an additional 775 shares during the period. Finally, Heritage Trust Co boosted its stake in Target by 49.4% in the 4th quarter. Heritage Trust Co now owns 2,645 shares of the retailer’s stock worth $173,000 after purchasing an additional 874 shares during the period. Hedge funds and other institutional investors own 87.02% of the company’s stock.
A number of research firms recently commented on TGT. Zacks Investment Research lowered shares of Target from a “buy” rating to a “hold” rating in a research note on Tuesday. Vetr raised shares of Target from a “hold” rating to a “buy” rating and set a $75.42 price objective for the company in a research note on Tuesday, March 6th. Telsey Advisory Group decreased their price objective on shares of Target from $83.00 to $80.00 and set a “market perform” rating for the company in a research note on Wednesday, March 7th. Susquehanna Bancshares set a $95.00 price objective on shares of Target and gave the stock a “buy” rating in a research note on Monday, March 5th. Finally, Morgan Stanley set a $64.00 price objective on shares of Target and gave the stock a “sell” rating in a research note on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $73.97.
Shares of Target Co. (TGT) opened at $71.54 on Wednesday. The company has a quick ratio of 0.30, a current ratio of 0.95 and a debt-to-equity ratio of 0.97. Target Co. has a 52 week low of $48.56 and a 52 week high of $78.70. The stock has a market cap of $38,690.00, a price-to-earnings ratio of 15.47, a P/E/G ratio of 2.98 and a beta of 0.71.
Target (NYSE:TGT) last released its quarterly earnings data on Tuesday, March 6th. The retailer reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.02). Target had a net margin of 4.08% and a return on equity of 23.04%. The business had revenue of $22.77 billion during the quarter, compared to analyst estimates of $22.56 billion. During the same period in the previous year, the firm posted $1.45 EPS. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. research analysts forecast that Target Co. will post 5.29 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 10th. Investors of record on Wednesday, February 21st were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.47%. The ex-dividend date was Tuesday, February 20th. Target’s payout ratio is presently 53.68%.
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Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.
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