Target Co. (NYSE:TGT) Holdings Boosted by Enterprise Financial Services Corp

Enterprise Financial Services Corp boosted its position in shares of Target Co. (NYSE:TGT) by 8.0% during the 4th quarter, HoldingsChannel reports. The firm owned 2,882 shares of the retailer’s stock after buying an additional 213 shares during the quarter. Enterprise Financial Services Corp’s holdings in Target were worth $390,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TGT. Legacy Investment Solutions LLC purchased a new position in Target during the 3rd quarter worth approximately $28,000. MCF Advisors LLC lifted its stake in shares of Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares during the last quarter. Raleigh Capital Management Inc. lifted its stake in shares of Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after purchasing an additional 135 shares during the last quarter. FSA Wealth Management LLC acquired a new position in Target during the 3rd quarter worth $36,000. Finally, OFI Invest Asset Management acquired a new position in Target during the 4th quarter worth $36,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TGT has been the subject of a number of research analyst reports. Truist Financial cut their price objective on shares of Target from $134.00 to $124.00 and set a “hold” rating for the company in a research report on Wednesday. Wells Fargo & Company decreased their price target on shares of Target from $150.00 to $135.00 and set an “overweight” rating on the stock in a research note on Wednesday. HSBC lowered shares of Target from a “buy” rating to a “hold” rating and set a $138.00 target price on the stock. in a report on Wednesday, November 20th. Guggenheim increased their price objective on shares of Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, BMO Capital Markets decreased their price objective 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. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Target has an average rating of “Hold” and a consensus target price of $147.00.

Target Stock Performance

Target stock opened at $115.11 on Friday. The company has a market cap of $52.74 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. Target Co. has a twelve month low of $112.10 and a twelve month high of $181.86. The company’s 50-day moving average price is $132.05 and its 200-day moving average price is $141.49. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating the consensus estimate of $2.24 by $0.17. The company had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. On average, equities research analysts forecast that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th were paid a $1.12 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.89%. Target’s dividend payout ratio is currently 50.56%.

About Target

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.