Schear Investment Advisers LLC Grows Position in Target Co. (NYSE:TGT)

Schear Investment Advisers LLC grew its stake in Target Co. (NYSE:TGT) by 122.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,422 shares of the retailer’s stock after buying an additional 1,882 shares during the quarter. Schear Investment Advisers LLC’s holdings in Target were worth $463,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Legacy Investment Solutions LLC purchased a new stake in Target in the 3rd quarter worth approximately $28,000. Wolff Wiese Magana LLC raised its position in shares of Target by 156.5% during the 3rd 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 period. FSA Wealth Management LLC purchased a new position in shares of Target during the 3rd quarter valued at $36,000. Catalyst Capital Advisors LLC purchased a new stake in Target in the 3rd quarter worth $38,000. Finally, MCF Advisors LLC raised its holdings in Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after acquiring an additional 163 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Trading Up 0.9 %

TGT opened at $132.44 on Wednesday. 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 stock’s fifty day moving average is $135.24 and its two-hundred day moving average is $143.67. The company has a market capitalization of $60.68 billion, a P/E ratio of 14.04, a PEG 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 for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter in the previous year, the firm earned $2.10 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. Analysts forecast that Target Co. will post 8.69 earnings per share for the current 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 issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.38%. The ex-dividend date is Wednesday, February 12th. Target’s payout ratio is 47.51%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered Target from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $184.00 to $108.00 in a research note on Wednesday, November 20th. Wells Fargo & Company reduced their price objective on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Piper Sandler dropped their target price on shares of Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Truist Financial lifted their price target on shares of Target from $129.00 to $134.00 and gave the company a “hold” rating in a report on Friday, January 17th. Finally, Stifel Nicolaus boosted their price target on shares of Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, Target has an average rating of “Hold” and a consensus 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.