Certuity LLC Boosts Holdings in Target Co. (NYSE:TGT)

Certuity LLC raised its stake in shares of Target Co. (NYSE:TGT) by 7.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,925 shares of the retailer’s stock after acquiring an additional 203 shares during the period. Certuity LLC’s holdings in Target were worth $395,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Ritholtz Wealth Management boosted its position in Target by 20.0% in the 3rd quarter. Ritholtz Wealth Management now owns 4,040 shares of the retailer’s stock worth $630,000 after purchasing an additional 672 shares in the last quarter. Creative Planning increased its holdings in shares of Target by 10.3% during the 3rd quarter. Creative Planning now owns 218,600 shares of the retailer’s stock valued at $32,247,000 after purchasing an additional 20,360 shares in the last quarter. Zhang Financial LLC lifted its stake in shares of Target by 56.4% in the 3rd quarter. Zhang Financial LLC now owns 5,234 shares of the retailer’s stock valued at $816,000 after purchasing an additional 1,887 shares during the period. Magnus Financial Group LLC boosted its holdings in Target by 7.1% during the third quarter. Magnus Financial Group LLC now owns 2,208 shares of the retailer’s stock worth $344,000 after buying an additional 147 shares in the last quarter. Finally, Asset Dedication LLC grew its position in Target by 6.3% during the third quarter. Asset Dedication LLC now owns 16,146 shares of the retailer’s stock valued at $2,517,000 after buying an additional 955 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Down 3.7 %

Shares of TGT opened at $127.50 on Thursday. The stock has a fifty day simple moving average of $135.26 and a two-hundred day simple moving average of $143.56. 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 capitalization of $58.42 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 2.04 and a beta of 1.15. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.45). The firm had revenue of $25.23 billion for 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%. Target’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.10 earnings per share. As a group, equities analysts forecast 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 issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio is presently 47.51%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Daiwa Capital Markets downgraded shares of Target from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $170.00 to $130.00 in a research report on Tuesday, November 26th. Roth Mkm cut their price target on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. JPMorgan Chase & Co. reduced their price target on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. TD Cowen dropped their price objective on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Finally, Truist Financial upped their target price on Target from $129.00 to $134.00 and gave the stock a “hold” rating in a research note on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.