BlueStem Wealth Partners LLC Acquires Shares of 4,975 Target Co. (NYSE:TGT)

BlueStem Wealth Partners LLC acquired a new stake in Target Co. (NYSE:TGT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,975 shares of the retailer’s stock, valued at approximately $673,000.

A number of other hedge funds have also recently modified their holdings of TGT. Financial Advocates Investment Management increased its position in shares of 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 acquiring an additional 67 shares during the period. Reston Wealth Management LLC bought a new stake in shares of Target during the 3rd quarter valued at about $41,000. Stephens Inc. AR boosted its stake in shares of Target by 3.9% during the 3rd quarter. Stephens Inc. AR now owns 17,002 shares of the retailer’s stock valued at $2,650,000 after purchasing an additional 632 shares in the last quarter. Hills Bank & Trust Co boosted its stake in shares of Target by 6.2% during the 3rd quarter. Hills Bank & Trust Co now owns 1,501 shares of the retailer’s stock valued at $234,000 after purchasing an additional 87 shares in the last quarter. Finally, Roanoke Asset Management Corp NY boosted its stake in shares of Target by 1.3% during the 3rd quarter. Roanoke Asset Management Corp NY now owns 10,105 shares of the retailer’s stock valued at $1,575,000 after purchasing an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Up 1.5 %

TGT opened at $124.37 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The firm has a 50 day moving average price of $133.77 and a 200-day moving average price of $142.39. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86. The stock has a market capitalization of $56.99 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 1.94 and a beta of 1.15.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th were issued a dividend of $1.12 per share. The ex-dividend date was Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.60%. Target’s payout ratio is 47.51%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TGT. Wells Fargo & Company cut their target price on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Citigroup lifted their target price on shares of Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Truist Financial lifted their target price on shares of Target from $129.00 to $134.00 and gave the company a “hold” rating in a research note on Friday, January 17th. Oppenheimer reaffirmed an “outperform” rating and set a $165.00 target price on shares of Target in a research note on Monday, November 25th. Finally, Piper Sandler cut their target price on shares of Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $157.93.

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.