Empirical Financial Services LLC d.b.a. Empirical Wealth Management Purchases 440 Shares of Target Co. (NYSE:TGT)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of Target Co. (NYSE:TGT) by 14.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,386 shares of the retailer’s stock after acquiring an additional 440 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Target were worth $458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in TGT. Legacy Investment Solutions LLC purchased a new position in Target during the third quarter valued at approximately $28,000. Wolff Wiese Magana LLC boosted its position in Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after acquiring an additional 133 shares in the last quarter. MCF Advisors LLC increased its holdings 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 acquiring an additional 163 shares during the period. Raleigh Capital Management Inc. raised its position in shares of 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 acquiring an additional 135 shares in the last quarter. Finally, FSA Wealth Management LLC purchased a new stake in shares of Target during the 3rd quarter worth $36,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Trading Down 0.6 %

Shares of TGT stock opened at $140.28 on Thursday. Target Co. has a fifty-two week low of $120.21 and a fifty-two 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. The stock’s fifty day moving average is $133.80 and its two-hundred day moving average is $144.64. The firm has a market capitalization of $64.28 billion, a P/E ratio of 14.88, a PEG ratio of 2.21 and a beta of 1.16.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). The company had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Target’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.10 EPS. Research analysts expect that Target Co. will post 8.68 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be paid a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is presently 47.51%.

Wall Street Analyst Weigh In

TGT has been the subject of a number of recent research reports. Hsbc Global Res downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. Stifel Nicolaus boosted their price objective on shares of Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Truist Financial raised 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. Daiwa Capital Markets downgraded Target from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $170.00 to $130.00 in a research report on Tuesday, November 26th. Finally, Roth Mkm lowered their price objective on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Target presently has an average rating of “Hold” and a consensus price target of $157.70.

Target Company 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.