Target Co. (NYSE:TGT) Shares Bought by Arlington Trust Co LLC

Arlington Trust Co LLC lifted its position in shares of Target Co. (NYSE:TGT) by 324.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 700 shares of the retailer’s stock after buying an additional 535 shares during the quarter. Arlington Trust Co LLC’s holdings in Target were worth $95,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in Target in the 3rd quarter valued at $28,000. Wolff Wiese Magana LLC increased its stake in Target by 156.5% in the third 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 last quarter. FSA Wealth Management LLC purchased a new position in Target during the third quarter worth about $36,000. Catalyst Capital Advisors LLC purchased a new position in Target during the third quarter worth about $38,000. Finally, MCF Advisors LLC boosted its stake in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after buying an additional 163 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Trading Down 2.5 %

NYSE:TGT opened at $131.29 on Monday. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The company has a market cap of $60.16 billion, a PE ratio of 13.92, a P/E/G ratio of 2.04 and a beta of 1.15. The business’s 50 day moving average is $135.22 and its two-hundred day moving average is $143.80.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The business had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.10 EPS. On average, analysts predict that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

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. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.41%. Target’s dividend payout ratio (DPR) is 47.51%.

Analysts Set New Price Targets

A number of research analysts have recently commented on TGT shares. Piper Sandler dropped their price objective 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. Stifel Nicolaus upped their price target on shares of Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Guggenheim lifted their price target on shares of Target from $145.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Wells Fargo & Company dropped their price objective on Target from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Finally, Bank of America reduced their target price on Target from $195.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Target currently has an average rating of “Hold” and an average price target of $157.70.

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.