Gateway Wealth Partners LLC Buys 251 Shares of Target Co. (NYSE:TGT)

Gateway Wealth Partners LLC increased its stake in shares of Target Co. (NYSE:TGT) by 16.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,781 shares of the retailer’s stock after purchasing an additional 251 shares during the quarter. Gateway Wealth Partners LLC’s holdings in Target were worth $241,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

TGT has been the topic of a number of research reports. Wells Fargo & Company reduced their target price on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. TD Cowen decreased their price objective on Target from $165.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, November 21st. Truist Financial lifted their target price on Target from $129.00 to $134.00 and gave the stock a “hold” rating in a report on Friday, January 17th. Roth Mkm lowered their price objective on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Finally, Hsbc Global Res lowered Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $157.70.

Target Trading Down 0.6 %

NYSE TGT opened at $140.28 on Thursday. 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 business has a fifty day simple moving average of $133.80 and a 200 day simple moving average of $144.64. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The firm has a market capitalization of $64.28 billion, a P/E ratio of 14.88, a PEG ratio of 2.21 and a beta of 1.16.

Target (NYSE:TGT) last announced its 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 net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. During the same quarter in the prior year, the company earned $2.10 EPS. The business’s revenue for the quarter was up .9% on a year-over-year basis. On average, analysts predict that Target Co. will post 8.68 EPS for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio is presently 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.