Aviso Financial Inc. Takes Position in Target Co. (NYSE:TGT)

Aviso Financial Inc. acquired a new stake in Target Co. (NYSE:TGT) during the 4th quarter, HoldingsChannel reports. The firm acquired 6,530 shares of the retailer’s stock, valued at approximately $883,000.

Other institutional investors have also bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new position in Target in the third quarter valued at approximately $28,000. Hopwood Financial Services Inc. purchased a new position in Target in the fourth quarter valued at approximately $29,000. FSA Wealth Management LLC purchased a new position in Target in the third quarter valued at approximately $36,000. MCF Advisors LLC lifted its stake in Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares during the last quarter. Finally, Raleigh Capital Management Inc. lifted its stake in Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after purchasing an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Telsey Advisory Group dropped their price objective on Target from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 5th. Roth Mkm restated a “neutral” rating and set a $122.00 target price (down previously from $131.00) on shares of Target in a research report on Wednesday, March 5th. Truist Financial dropped their target price on Target from $134.00 to $124.00 and set a “hold” rating on the stock in a research report on Wednesday, March 5th. Bank of America dropped their target price on Target from $160.00 to $145.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Finally, KGI Securities set a $132.00 target price on Target in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $145.87.

Target Stock Up 0.2 %

TGT opened at $104.71 on Friday. The stock has a market cap of $47.98 billion, a PE ratio of 11.10, a P/E/G ratio of 1.94 and a beta of 1.18. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. Target Co. has a 52 week low of $103.46 and a 52 week high of $181.86. The business’s fifty day simple moving average is $129.35 and its 200 day simple moving average is $139.88.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $30.92 billion for the quarter, compared to analysts’ expectations of $30.83 billion. As a group, research analysts expect that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.28%. Target’s dividend payout ratio (DPR) is currently 50.56%.

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.