Cordatus Wealth Management LLC Purchases Shares of 15,987 Target Co. (NYSE:TGT)

Cordatus Wealth Management LLC purchased a new stake in Target Co. (NYSE:TGT) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,987 shares of the retailer’s stock, valued at approximately $2,161,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its stake in Target by 1.8% in the third quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock valued at $4,368,000 after purchasing an additional 490 shares in the last quarter. Wilmington Savings Fund Society FSB increased its position in shares of Target by 25.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock worth $2,430,000 after acquiring an additional 3,590 shares in the last quarter. Northeast Financial Group Inc. bought a new stake in shares of Target during the fourth quarter worth about $1,566,000. D.A. Davidson & CO. increased its position in shares of Target by 8.6% during the third quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock worth $18,619,000 after acquiring an additional 9,510 shares in the last quarter. Finally, Prana Capital Management LP increased its position in shares of Target by 47.5% during the third quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock worth $33,834,000 after acquiring an additional 69,885 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Target Stock Performance

Shares of TGT stock opened at $128.20 on Friday. The stock has a market capitalization of $58.74 billion, a P/E ratio of 13.60, a PEG ratio of 1.97 and a beta of 1.15. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The firm’s 50 day moving average is $134.61 and its 200 day moving average is $142.74. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86.

Target (NYSE:TGT) last announced its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.10 earnings per share. On average, sell-side analysts anticipate that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is presently 47.51%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TGT shares. Hsbc Global Res downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Wells Fargo & Company decreased their target price on shares of Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Bank of America decreased their target price on shares of Target from $195.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. Truist Financial upped their price objective on shares of Target from $129.00 to $134.00 and gave the stock a “hold” rating in a research report on Friday, January 17th. Finally, Piper Sandler reduced their price objective 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. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus 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.