Opinicus Capital Inc. Acquires New Holdings in Target Co. (NYSE:TGT)

Opinicus Capital Inc. acquired a new stake in shares of Target Co. (NYSE:TGT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,321 shares of the retailer’s stock, valued at approximately $900,000.

A number of other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC raised its holdings in Target by 1.3% in the 4th quarter. Larson Financial Group LLC now owns 5,339 shares of the retailer’s stock valued at $760,000 after buying an additional 70 shares during the last quarter. Beacon Financial Advisory LLC increased its position in Target by 1.0% during the 4th quarter. Beacon Financial Advisory LLC now owns 7,059 shares of the retailer’s stock valued at $1,005,000 after purchasing an additional 72 shares during the period. Janiczek Wealth Management LLC increased its position in Target by 18.8% during the 4th quarter. Janiczek Wealth Management LLC now owns 494 shares of the retailer’s stock valued at $70,000 after purchasing an additional 78 shares during the period. VisionPoint Advisory Group LLC increased its position in Target by 4.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,887 shares of the retailer’s stock valued at $209,000 after purchasing an additional 80 shares during the period. Finally, iA Global Asset Management Inc. increased its position in Target by 0.4% during the 3rd quarter. iA Global Asset Management Inc. now owns 22,760 shares of the retailer’s stock valued at $2,517,000 after purchasing an additional 83 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Up 0.2 %

NYSE:TGT traded up $0.30 during trading hours on Friday, hitting $164.74. 2,085,518 shares of the company traded hands, compared to its average volume of 2,821,609. The company has a market cap of $76.06 billion, a PE ratio of 18.45, a PEG ratio of 1.54 and a beta of 1.14. Target Co. has a one year low of $102.93 and a one year high of $181.86. The company has a quick ratio of 0.29, a current ratio of 0.91 and a debt-to-equity ratio of 1.11. The firm’s 50-day simple moving average is $165.52 and its 200-day simple moving average is $143.02.

Target (NYSE:TGT) last released its earnings results on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.57. The company had revenue of $31.47 billion for the quarter, compared to analysts’ expectations of $31.83 billion. Target had a return on equity of 33.41% and a net margin of 3.85%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.89 EPS. Equities analysts predict that Target Co. will post 9.39 earnings per share for the current year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s payout ratio is 49.27%.

Analyst Ratings Changes

A number of research firms have weighed in on TGT. Guggenheim increased their target price on shares of Target from $160.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Truist Financial raised their price objective on shares of Target from $142.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday, March 6th. Tigress Financial raised their price objective on shares of Target from $180.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. BMO Capital Markets raised their price objective on shares of Target from $145.00 to $170.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 6th. Finally, UBS Group reaffirmed a “buy” rating and set a $174.00 price objective on shares of Target in a research report on Tuesday, March 5th. Eleven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, Target has a consensus rating of “Moderate Buy” and an average target price of $181.85.

Insider Transactions at Target

In related news, insider Christina Hennington sold 4,600 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $170.88, for a total value of $786,048.00. Following the sale, the insider now directly owns 38,487 shares in the company, valued at approximately $6,576,658.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $165.05, for a total value of $495,150.00. Following the sale, the insider now directly owns 30,527 shares in the company, valued at approximately $5,038,481.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christina Hennington sold 4,600 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $170.88, for a total value of $786,048.00. Following the completion of the sale, the insider now owns 38,487 shares in the company, valued at $6,576,658.56. The disclosure for this sale can be found here. Insiders have sold 52,600 shares of company stock worth $8,819,598 in the last ninety days. Company insiders own 0.23% of the company’s stock.

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.