Joule Financial LLC Has $226,000 Position in Target Co. (NYSE:TGT)

Joule Financial LLC grew its holdings in Target Co. (NYSE:TGT) by 7.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,672 shares of the retailer’s stock after purchasing an additional 113 shares during the quarter. Joule Financial LLC’s holdings in Target were worth $226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in TGT. Whitaker Myers Wealth Managers LTD. acquired a new stake in Target in the fourth quarter worth $298,000. Monarch Capital Management Inc. boosted its position in shares of Target by 1.1% during the 4th quarter. Monarch Capital Management Inc. now owns 14,217 shares of the retailer’s stock worth $1,922,000 after purchasing an additional 160 shares in the last quarter. Ballew Advisors Inc boosted its position in shares of Target by 3.8% during the 4th quarter. Ballew Advisors Inc now owns 3,268 shares of the retailer’s stock worth $454,000 after purchasing an additional 120 shares in the last quarter. Financial Management Professionals Inc. grew its stake in shares of Target by 9.2% in the 4th quarter. Financial Management Professionals Inc. now owns 2,824 shares of the retailer’s stock valued at $382,000 after buying an additional 238 shares during the period. Finally, Trust Co. of Vermont increased its position in Target by 3.5% in the 4th quarter. Trust Co. of Vermont now owns 16,231 shares of the retailer’s stock valued at $2,194,000 after buying an additional 553 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Trading Up 0.3 %

Shares of TGT stock opened at $133.62 on Friday. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The company’s fifty day simple moving average is $136.13 and its two-hundred day simple moving average is $145.14. 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 stock has a market capitalization of $61.22 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 2.32 and a beta of 1.16.

Target (NYSE:TGT) last issued its 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). Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter in the prior year, the business earned $2.10 EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, analysts anticipate that Target Co. will post 8.6 earnings per share for the current year.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.35%. Target’s dividend payout ratio (DPR) is currently 47.51%.

Analysts Set New Price Targets

Several research analysts have issued reports on TGT shares. JPMorgan Chase & Co. cut their price target on Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Sanford C. Bernstein started coverage on shares of Target in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $168.00 price target for the company. Truist Financial upped their price objective on shares of Target from $129.00 to $134.00 and gave the stock a “hold” rating in a report on Friday. Citigroup lifted their price objective on shares of Target from $130.00 to $133.00 and gave the company a “neutral” rating in a report on Friday. Finally, Guggenheim lowered their target price on shares of Target from $180.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $158.23.

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.