HBK Sorce Advisory LLC Has $2.68 Million Stock Position in Target Co. (NYSE:TGT)

HBK Sorce Advisory LLC lowered its holdings in shares of Target Co. (NYSE:TGT) by 2.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,801 shares of the retailer’s stock after selling 554 shares during the period. HBK Sorce Advisory LLC’s holdings in Target were worth $2,677,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in shares of Target during the 3rd quarter worth $28,000. Hopwood Financial Services Inc. acquired a new position in Target in the 4th quarter worth about $29,000. FSA Wealth Management LLC acquired a new position in Target in the 3rd quarter worth about $36,000. MCF Advisors LLC increased its holdings in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares in the last quarter. Finally, Raleigh Capital Management Inc. increased its holdings in Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after purchasing an additional 135 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Price Performance

Target stock opened at $107.31 on Thursday. Target Co. has a one year low of $107.02 and a one year high of $181.86. The business has a fifty day moving average price of $130.62 and a 200-day moving average price of $140.51. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The firm has a market capitalization of $49.17 billion, a P/E ratio of 11.38, a PEG ratio of 1.94 and a beta of 1.18.

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

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 4.17%. Target’s dividend payout ratio (DPR) is currently 50.56%.

Wall Street Analysts Forecast Growth

TGT has been the subject of a number of recent research reports. Evercore ISI lowered their target price on Target from $135.00 to $130.00 and set an “in-line” rating for the company in a report on Wednesday, March 5th. UBS Group decreased their price target on Target from $170.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. DA Davidson decreased their price target on Target from $153.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. The Goldman Sachs Group decreased their price target on Target from $166.00 to $142.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Finally, Truist Financial cut their target price on Target from $134.00 to $124.00 and set a “hold” rating on the stock in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $145.87.

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.