Lincoln Capital LLC Makes New Investment in Target Co. (NYSE:TGT)

Lincoln Capital LLC bought a new stake in shares of Target Co. (NYSE:TGT) during the fourth quarter, HoldingsChannel reports. The firm bought 1,553 shares of the retailer’s stock, valued at approximately $210,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Legacy Investment Solutions LLC bought a new stake in Target in the third quarter worth $28,000. Wolff Wiese Magana LLC raised its position in shares of Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after purchasing an additional 133 shares during the last quarter. FSA Wealth Management LLC bought a new position in Target in the 3rd quarter worth about $36,000. Catalyst Capital Advisors LLC purchased a new position in Target in the 3rd quarter worth approximately $38,000. Finally, Reston Wealth Management LLC bought a new position in Target in the 3rd quarter valued at approximately $41,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on TGT shares. StockNews.com raised Target from a “hold” rating to a “buy” rating in a report on Friday. Daiwa America downgraded Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Wells Fargo & Company reduced their price objective on Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Truist Financial boosted their price target on Target from $129.00 to $134.00 and gave the company a “hold” rating in a research note on Friday. Finally, Bank of America lowered their price objective on shares of Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Target currently has a consensus rating of “Hold” and a consensus target price of $158.23.

Target Stock Performance

NYSE:TGT opened at $133.62 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The company has a market cap of $61.22 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 2.32 and a beta of 1.16. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The stock’s 50 day simple moving average is $136.13 and its two-hundred day simple moving average is $145.14.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. During the same period in the previous year, the company earned $2.10 EPS. Target’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, equities analysts anticipate that Target Co. will post 8.6 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.35%. Target’s payout ratio is currently 47.51%.

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.