RWA Wealth Partners LLC Raises Position in Target Corporation $TGT

RWA Wealth Partners LLC increased its holdings in Target Corporation (NYSE:TGT) by 1,237.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,731 shares of the retailer’s stock after purchasing an additional 34,909 shares during the period. RWA Wealth Partners LLC’s holdings in Target were worth $3,385,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. WFA of San Diego LLC purchased a new stake in Target in the 2nd quarter valued at about $25,000. Heartwood Wealth Advisors LLC purchased a new stake in Target in the third quarter valued at approximately $27,000. Tripletail Wealth Management LLC purchased a new stake in Target in the third quarter valued at approximately $31,000. Key Financial Inc increased its position in Target by 77.4% during the third quarter. Key Financial Inc now owns 346 shares of the retailer’s stock worth $31,000 after purchasing an additional 151 shares during the last quarter. Finally, VSM Wealth Advisory LLC raised its stake in Target by 1,113.8% during the second quarter. VSM Wealth Advisory LLC now owns 352 shares of the retailer’s stock worth $35,000 after purchasing an additional 323 shares during the period. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Stock Performance

Shares of NYSE:TGT opened at $116.41 on Thursday. The business’s 50-day simple moving average is $107.11 and its 200 day simple moving average is $97.64. The company has a market cap of $52.71 billion, a P/E ratio of 14.13, a PEG ratio of 11.81 and a beta of 1.14. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.27 and a current ratio of 0.97. Target Corporation has a one year low of $83.44 and a one year high of $127.89.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Wednesday, February 11th will be paid a $1.14 dividend. The ex-dividend date is Wednesday, February 11th. This represents a $4.56 annualized dividend and a dividend yield of 3.9%. Target’s dividend payout ratio is 55.34%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on TGT shares. UBS Group reissued a “buy” rating and set a $130.00 price objective on shares of Target in a research note on Monday. Bank of America lowered their price target on Target from $93.00 to $80.00 and set an “underperform” rating for the company in a research report on Thursday, November 20th. Wolfe Research upgraded Target from an “underperform” rating to a “peer perform” rating in a report on Tuesday, January 27th. Royal Bank Of Canada reduced their price objective on Target from $107.00 to $99.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $110.00 target price on shares of Target in a research report on Wednesday, February 11th. Ten analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $105.03.

Target Company Profile

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.