Crowley Wealth Management Inc. Acquires Shares of 383 Target Co. (NYSE:TGT)

Crowley Wealth Management Inc. acquired a new stake in Target Co. (NYSE:TGT) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 383 shares of the retailer’s stock, valued at approximately $52,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in Target in the 3rd quarter valued at about $28,000. Hopwood Financial Services Inc. purchased a new stake in Target in the 4th quarter valued at about $29,000. MCF Advisors LLC increased its stake in shares of Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares during the last quarter. Raleigh Capital Management Inc. increased its stake in shares of Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after purchasing an additional 135 shares during the last quarter. Finally, FSA Wealth Management LLC purchased a new stake in shares of Target during the 3rd quarter worth approximately $36,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Performance

Target stock opened at $104.29 on Monday. 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 $47.51 billion, a PE ratio of 11.06, a P/E/G ratio of 1.94 and a beta of 1.18. The firm has a fifty day simple moving average of $125.89 and a two-hundred day simple moving average of $137.93. Target Co. has a twelve month low of $101.76 and a twelve month high of $181.86.

Target (NYSE:TGT) last posted its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.17. The business had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Research analysts expect that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be paid a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 4.30%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio is presently 50.56%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TGT. Piper Sandler decreased their price target on shares of Target from $132.00 to $124.00 and set a “neutral” rating for the company in a research note on Wednesday, March 5th. Oppenheimer decreased their price target on shares of Target from $165.00 to $150.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Guggenheim raised their price target on shares of Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. StockNews.com upgraded shares of Target from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Daiwa Capital Markets lowered shares of Target from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $170.00 to $130.00 in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Target has an average rating of “Hold” and a consensus price target of $145.55.

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.