Centaurus Financial Inc. Has $1.07 Million Stock Holdings in Target Co. (NYSE:TGT)

Centaurus Financial Inc. grew its holdings in Target Co. (NYSE:TGT – Get Rating) by 7.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,179 shares of the retailer’s stock after purchasing an additional 505 shares during the period. Centaurus Financial Inc.’s holdings in Target were worth $1,065,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Point72 Asset Management L.P. increased its stake in shares of Target by 333.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 86,615 shares of the retailer’s stock valued at $12,853,000 after purchasing an additional 66,615 shares during the last quarter. Personal CFO Solutions LLC bought a new position in shares of Target in the 3rd quarter valued at $321,000. Ballentine Partners LLC increased its stake in shares of Target by 21.9% in the 3rd quarter. Ballentine Partners LLC now owns 7,119 shares of the retailer’s stock valued at $1,057,000 after purchasing an additional 1,278 shares during the last quarter. Bond & Devick Financial Network Inc. increased its stake in shares of Target by 3.2% in the 3rd quarter. Bond & Devick Financial Network Inc. now owns 3,249 shares of the retailer’s stock valued at $482,000 after purchasing an additional 100 shares during the last quarter. Finally, WealthShield Partners LLC increased its stake in shares of Target by 48.0% in the 2nd quarter. WealthShield Partners LLC now owns 2,161 shares of the retailer’s stock valued at $305,000 after purchasing an additional 701 shares during the last quarter. Institutional investors own 78.86% of the company’s stock.

Wall Street Analyst Weigh In

TGT has been the topic of a number of research reports. Barclays initiated coverage on Target in a research report on Tuesday, February 7th. They set an “equal weight” rating and a $163.00 price objective on the stock. BMO Capital Markets lowered Target from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $190.00 to $165.00 in a research report on Thursday, November 17th. Piper Sandler boosted their price objective on Target from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 8th. Citigroup reduced their price objective on Target from $184.00 to $177.00 and set a “buy” rating on the stock in a research report on Thursday, November 17th. Finally, Raymond James boosted their price objective on Target from $185.00 to $195.00 and gave the stock a “strong-buy” rating in a research report on Thursday, March 2nd. Thirteen equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $181.69.

Target Stock Performance

Shares of TGT opened at $163.05 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.22 and a current ratio of 0.92. The stock has a 50 day moving average price of $166.29 and a two-hundred day moving average price of $160.72. The firm has a market capitalization of $75.06 billion, a P/E ratio of 27.27, a P/E/G ratio of 1.27 and a beta of 1.05. Target Co. has a 52 week low of $137.16 and a 52 week high of $254.87.

Target (NYSE:TGT – Get Rating) last issued its quarterly earnings data on Tuesday, February 28th. The retailer reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.49. The firm had revenue of $31.40 billion during the quarter, compared to analyst estimates of $30.73 billion. Target had a return on equity of 25.63% and a net margin of 2.55%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $3.19 EPS. Equities analysts forecast that Target Co. will post 8.38 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 10th. Shareholders of record on Wednesday, May 17th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Tuesday, May 16th. Target’s dividend payout ratio is currently 72.24%.

Insider Activity

In other news, insider Brian C. Cornell sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $158.98, for a total value of $5,564,300.00. Following the completion of the transaction, the insider now directly owns 191,272 shares of the company’s stock, valued at $30,408,422.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

Target Profile

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Target Corp. engages in the operation and ownership of general merchandise stores. It offers food assortments including perishables, dry grocery, dairy, and frozen items. The company was founded by George Draper Dayton in 1902 and is headquartered in Minneapolis, MN.