Integrated Investment Consultants LLC Takes Position in Target Co. (NYSE:TGT)

Integrated Investment Consultants LLC acquired a new position in Target Co. (NYSE:TGT) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,814 shares of the retailer’s stock, valued at approximately $921,000.

Other institutional investors also recently modified their holdings of the company. State Street Corp grew its stake in Target by 8.3% in the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after buying an additional 2,732,801 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Target by 9,940.6% during the 3rd quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock worth $311,937,000 after acquiring an additional 1,981,458 shares during the last quarter. Two Sigma Advisers LP grew its position in Target by 173.2% in the third quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock worth $369,295,000 after acquiring an additional 1,502,200 shares in the last quarter. FMR LLC increased its stake in Target by 11.7% in the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after acquiring an additional 1,046,044 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in Target by 711.2% during the second quarter. AQR Capital Management LLC now owns 876,531 shares of the retailer’s stock valued at $129,762,000 after purchasing an additional 768,479 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TGT. Guggenheim reduced their price objective on Target from $180.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. TD Cowen cut their target price on Target from $165.00 to $145.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. Piper Sandler decreased their price target on shares of Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. Daiwa Capital Markets cut shares of Target from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $170.00 to $130.00 in a research note on Tuesday, November 26th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $165.00 target price on shares of Target in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Target currently has a consensus rating of “Hold” and a consensus target price of $158.23.

Target Stock Performance

Target stock opened at $133.62 on Friday. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The stock has a market cap of $61.22 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 2.32 and a beta of 1.16. The stock’s 50 day simple moving average is $136.45 and its two-hundred day simple moving average is $145.23. 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 (NYSE:TGT) last issued 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 firm had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Target’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the company earned $2.10 earnings per share. As a group, analysts expect that Target Co. will post 8.6 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s payout ratio is currently 47.51%.

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.