2,625 Shares in Target Co. (NYSE:TGT) Bought by Farringdon Capital Ltd.

Farringdon Capital Ltd. purchased a new stake in shares of Target Co. (NYSE:TGT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,625 shares of the retailer’s stock, valued at approximately $355,000.

A number of other institutional investors have also modified their holdings of TGT. Kathmere Capital Management LLC grew its stake in shares of Target by 3.0% in the fourth quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock valued at $343,000 after buying an additional 73 shares in the last quarter. Horrell Capital Management Inc. increased its stake in Target by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer’s stock valued at $3,603,000 after purchasing an additional 76 shares during the last quarter. Fiducient Advisors LLC raised its stake in Target by 4.6% during the fourth quarter. Fiducient Advisors LLC now owns 1,778 shares of the retailer’s stock worth $240,000 after acquiring an additional 78 shares during the period. First PREMIER Bank raised its position in shares of Target by 21.9% during the 4th quarter. First PREMIER Bank now owns 445 shares of the retailer’s stock worth $61,000 after purchasing an additional 80 shares during the period. Finally, Winch Advisory Services LLC lifted its stake in Target by 34.5% in the fourth quarter. Winch Advisory Services LLC now owns 320 shares of the retailer’s stock valued at $43,000 after buying an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TGT. Baird R W cut Target from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. DA Davidson lowered their target price on shares of Target from $153.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Telsey Advisory Group reduced their price target on shares of Target from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Wednesday, March 5th. StockNews.com cut Target from a “buy” rating to a “hold” rating in a research note on Thursday, April 10th. Finally, Piper Sandler reduced their target price on shares of Target from $132.00 to $124.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $132.37.

Target Stock Performance

NYSE:TGT opened at $93.13 on Friday. The firm’s 50-day moving average is $108.98 and its 200-day moving average is $129.87. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The company has a market cap of $42.43 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 1.94 and a beta of 1.28. Target Co. has a 52-week low of $87.35 and a 52-week high of $169.09.

Target (NYSE:TGT) last released 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 business had revenue of $30.92 billion for the quarter, compared to analysts’ expectations of $30.83 billion. Equities research analysts anticipate that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 4.81%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio (DPR) is presently 50.56%.

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.