Crossmark Global Holdings Inc. Acquires 664 Shares of Target Co. (NYSE:TGT)

Crossmark Global Holdings Inc. increased its stake in Target Co. (NYSE:TGT) by 0.9% in the 4th quarter, HoldingsChannel reports. The fund owned 74,477 shares of the retailer’s stock after acquiring an additional 664 shares during the period. Crossmark Global Holdings Inc.’s holdings in Target were worth $10,067,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TGT. Cynosure Group LLC lifted its stake in shares of Target by 4.3% in the third quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after buying an additional 65 shares in the last quarter. Financial Advocates Investment Management lifted its stake in Target by 1.2% in the 3rd quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock worth $894,000 after purchasing an additional 67 shares in the last quarter. Hancock Whitney Corp boosted its holdings in shares of Target by 3.3% during the 3rd quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock worth $336,000 after purchasing an additional 68 shares during the last quarter. Trust Co. of Vermont grew its position in shares of Target by 0.4% in the third quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer’s stock valued at $2,444,000 after purchasing an additional 69 shares in the last quarter. Finally, Eagle Bluffs Wealth Management LLC increased its holdings in shares of Target by 1.1% in the third quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock valued at $1,063,000 after purchasing an additional 73 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on TGT shares. Truist Financial boosted their price objective on Target from $129.00 to $134.00 and gave the stock a “hold” rating in a research note on Friday, January 17th. BMO Capital Markets dropped their price objective on shares of Target from $160.00 to $120.00 and set a “market perform” rating for the company in a report on Thursday, November 21st. Daiwa Capital Markets downgraded shares of Target from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $170.00 to $130.00 in a research note on Tuesday, November 26th. Daiwa America downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, HSBC cut Target from a “buy” rating to a “hold” rating and set a $138.00 price objective on the stock. in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, Target has a consensus rating of “Hold” and an average price target of $158.23.

Target Stock Performance

Shares of TGT opened at $137.28 on Wednesday. The stock has a 50-day simple moving average of $135.74 and a 200-day simple moving average of $145.07. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The stock has a market capitalization of $62.90 billion, a PE ratio of 14.56, a PEG ratio of 2.19 and a beta of 1.16.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. During the same quarter last year, the firm earned $2.10 EPS. The company’s revenue was up .9% on a year-over-year basis. On average, analysts predict that Target Co. will post 8.62 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio is presently 47.51%.

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.