Cooper Financial Group Has $813,000 Holdings in Target Co. (NYSE:TGT)

Cooper Financial Group boosted its holdings in shares of Target Co. (NYSE:TGT) by 1.8% in the first quarter, HoldingsChannel reports. The fund owned 4,587 shares of the retailer’s stock after buying an additional 83 shares during the quarter. Cooper Financial Group’s holdings in Target were worth $813,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. United Services Automobile Association boosted its position in Target by 2.9% during the 3rd quarter. United Services Automobile Association now owns 44,232 shares of the retailer’s stock worth $4,891,000 after acquiring an additional 1,239 shares during the period. RFG Advisory LLC acquired a new stake in Target during the 4th quarter worth about $605,000. Nordea Investment Management AB boosted its position in Target by 4.9% during the 4th quarter. Nordea Investment Management AB now owns 519,634 shares of the retailer’s stock worth $73,819,000 after acquiring an additional 24,066 shares during the period. Asio Capital LLC boosted its position in Target by 109.9% during the 4th quarter. Asio Capital LLC now owns 27,267 shares of the retailer’s stock worth $3,883,000 after acquiring an additional 14,274 shares during the period. Finally, Blue Chip Partners LLC raised its stake in shares of Target by 5.1% during the 4th quarter. Blue Chip Partners LLC now owns 130,179 shares of the retailer’s stock worth $18,540,000 after purchasing an additional 6,348 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Bank of America raised their price target on Target from $160.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. BNP Paribas assumed coverage on Target in a research note on Monday, June 3rd. They set an “underperform” rating and a $116.00 price target for the company. Morgan Stanley cut their price target on Target from $190.00 to $180.00 and set an “overweight” rating for the company in a research note on Thursday, May 23rd. Truist Financial cut their price target on Target from $160.00 to $153.00 and set a “hold” rating for the company in a research note on Thursday, May 23rd. Finally, The Goldman Sachs Group raised their price objective on Target from $176.00 to $194.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, Target currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.61.

Target Stock Performance

TGT opened at $145.62 on Monday. The stock’s 50 day simple moving average is $154.75 and its 200-day simple moving average is $152.92. Target Co. has a 1 year low of $102.93 and a 1 year high of $181.86. The stock has a market cap of $67.37 billion, a PE ratio of 16.40, a P/E/G ratio of 1.35 and a beta of 1.20. The company has a current ratio of 0.86, a quick ratio of 0.27 and a debt-to-equity ratio of 0.97.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, May 22nd. The retailer reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.02). Target had a net margin of 3.87% and a return on equity of 31.91%. The company had revenue of $24.14 billion during the quarter, compared to the consensus estimate of $24.52 billion. During the same quarter last year, the company earned $2.05 earnings per share. The business’s revenue was down 3.2% on a year-over-year basis. Sell-side analysts forecast that Target Co. will post 9.32 EPS for the current year.

Target Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.08%. This is a boost from Target’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, August 21st. Target’s dividend payout ratio is 49.38%.

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.