Ieq Capital LLC Has $7.78 Million Stock Holdings in Target Co. (NYSE:TGT)

Ieq Capital LLC raised its stake in Target Co. (NYSE:TGT) by 23.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 57,528 shares of the retailer’s stock after purchasing an additional 10,824 shares during the quarter. Ieq Capital LLC’s holdings in Target were worth $7,777,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Cynosure Group LLC increased its stake in 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 buying an additional 65 shares during the period. Financial Advocates Investment Management increased its stake in shares of 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 purchasing an additional 67 shares during the last quarter. Hancock Whitney Corp increased its stake 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. Eagle Bluffs Wealth Management LLC increased its stake in shares of Target by 1.1% during the 3rd 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. Finally, Proffitt & Goodson Inc. increased its stake in shares of Target by 2.2% during the 3rd quarter. Proffitt & Goodson Inc. now owns 3,460 shares of the retailer’s stock worth $539,000 after purchasing an additional 73 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TGT shares. Evercore ISI dropped their price target on shares of Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research note on Thursday, November 21st. Roth Mkm dropped their price target on shares of Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. Oppenheimer restated an “outperform” rating and set a $165.00 price target on shares of Target in a research note on Monday, November 25th. Citigroup increased their price target on shares of Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Finally, Truist Financial increased their price target on shares of Target from $129.00 to $134.00 and gave the stock a “hold” rating in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $157.70.

Target Price Performance

NYSE:TGT opened at $128.20 on Friday. The company has a 50-day moving average of $134.61 and a 200-day moving average of $142.74. The company has a market capitalization of $58.74 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 1.97 and a beta of 1.15. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86. 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 (NYSE:TGT) last released 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). The business had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Target’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the business posted $2.10 earnings per share. As a group, equities research analysts anticipate that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio (DPR) 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.