Savoir Faire Capital Management L.P. Grows Holdings in Target Co. (NYSE:TGT)

Savoir Faire Capital Management L.P. raised its position in Target Co. (NYSE:TGT) by 78.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,033 shares of the retailer’s stock after purchasing an additional 28,951 shares during the period. Target makes up about 4.2% of Savoir Faire Capital Management L.P.’s investment portfolio, making the stock its 7th biggest holding. Savoir Faire Capital Management L.P.’s holdings in Target were worth $8,926,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of TGT. Legacy Investment Solutions LLC bought a new stake in shares of Target in the 3rd quarter valued at $28,000. Hopwood Financial Services Inc. acquired a new position in Target in the fourth quarter valued at about $29,000. MCF Advisors LLC increased its holdings in shares of Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after acquiring an additional 163 shares in the last quarter. Raleigh Capital Management Inc. raised its position in shares of Target by 110.7% during the fourth 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 period. Finally, OFI Invest Asset Management acquired a new stake in shares of Target during the fourth quarter worth about $36,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on TGT shares. JPMorgan Chase & Co. decreased their price objective on Target from $146.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. Truist Financial lowered their price objective on shares of Target from $134.00 to $124.00 and set a “hold” rating for the company in a research report on Wednesday, March 5th. StockNews.com upgraded shares of Target from a “hold” rating to a “buy” rating in a report on Wednesday. Telsey Advisory Group reduced their target price 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. Finally, Roth Capital set a $122.00 price target on Target in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Target presently has a consensus rating of “Hold” and a consensus price target of $142.90.

Target Stock Down 10.9 %

TGT opened at $94.24 on Friday. 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 stock’s fifty day simple moving average is $120.26 and its 200 day simple moving average is $135.25. Target Co. has a 1-year low of $92.11 and a 1-year high of $177.23. The stock has a market cap of $42.93 billion, a PE ratio of 9.99, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS 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%. As a group, research analysts expect 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 Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.75%. Target’s dividend payout ratio (DPR) is currently 50.56%.

Target 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.