657 Shares in Target Co. (NYSE:TGT) Acquired by Murphy & Mullick Capital Management Corp

Murphy & Mullick Capital Management Corp acquired a new stake in shares of Target Co. (NYSE:TGT) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 657 shares of the retailer’s stock, valued at approximately $89,000.

Several other large investors have also recently bought and sold shares of the company. Nicholas Company Inc. grew its holdings in shares of Target by 20.5% in the 4th quarter. Nicholas Company Inc. now owns 55,810 shares of the retailer’s stock valued at $7,544,000 after buying an additional 9,485 shares during the period. River Road Asset Management LLC lifted its holdings in Target by 144.9% during the fourth quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer’s stock worth $31,699,000 after acquiring an additional 138,751 shares in the last quarter. Mountain Hill Investment Partners Corp. acquired a new position in Target in the fourth quarter valued at about $6,459,000. Wilmington Savings Fund Society FSB increased its holdings in shares of Target by 25.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock worth $2,430,000 after acquiring an additional 3,590 shares in the last quarter. Finally, Northeast Financial Group Inc. acquired a new stake in shares of Target during the fourth quarter worth about $1,566,000. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on TGT shares. Oppenheimer decreased their price objective on Target from $165.00 to $150.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. JPMorgan Chase & Co. reduced their price target on shares of Target from $146.00 to $140.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. KGI Securities set a $132.00 price objective on shares of Target in a report on Wednesday, March 5th. Truist Financial reduced their target price on shares of Target from $134.00 to $124.00 and set a “hold” rating for the company in a research note on Wednesday, March 5th. Finally, Bank of America dropped their price target on Target from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $145.55.

Target Stock Up 0.6 %

TGT opened at $106.05 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 stock’s fifty day simple moving average is $124.09 and its 200 day simple moving average is $137.08. Target Co. has a 1-year low of $101.76 and a 1-year high of $181.86. The stock has a market cap of $48.32 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last posted its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. As a group, research analysts expect that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

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 is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.22%. 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.