Trilogy Capital Inc. Purchases 1,734 Shares of Target Co. (NYSE:TGT)

Trilogy Capital Inc. increased its position in shares of Target Co. (NYSE:TGT) by 9.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,955 shares of the retailer’s stock after acquiring an additional 1,734 shares during the quarter. Trilogy Capital Inc.’s holdings in Target were worth $2,833,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cynosure Group LLC raised its holdings 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 during the last quarter. Financial Advocates Investment Management lifted its position in Target by 1.2% during the 3rd quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock worth $894,000 after acquiring an additional 67 shares during the period. Hancock Whitney Corp grew its stake in Target by 3.3% during the 3rd quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock valued at $336,000 after purchasing an additional 68 shares during the last quarter. Trust Co. of Vermont increased its holdings 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 during the period. Finally, Eagle Bluffs Wealth Management LLC raised 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 worth $1,063,000 after purchasing an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TGT shares. BMO Capital Markets reduced their price target on shares of Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research report on Thursday, November 21st. Telsey Advisory Group reissued an “outperform” rating and set a $150.00 target price on shares of Target in a report on Friday, January 17th. Citigroup upped their price target on shares of Target from $130.00 to $133.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Piper Sandler reduced their price objective on Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Finally, Daiwa Capital Markets lowered Target from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $170.00 to $130.00 in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $157.70.

Target Trading Down 0.2 %

TGT opened at $135.27 on Thursday. The firm has a market capitalization of $61.98 billion, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 2.24 and a beta of 1.15. The company’s 50 day simple moving average is $135.05 and its two-hundred day simple moving average is $144.11. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. During the same quarter in the previous year, the business posted $2.10 EPS. The business’s quarterly revenue was up .9% compared to the same quarter last year. Analysts expect that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.31%. Target’s dividend payout ratio is currently 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.