Nisa Investment Advisors LLC lessened its stake in shares of Target Co. (NYSE:TGT – Free Report) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 167,758 shares of the retailer’s stock after selling 2,282 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Target were worth $22,678,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. AE Wealth Management LLC lifted its holdings in Target by 45.4% in the 2nd quarter. AE Wealth Management LLC now owns 9,156 shares of the retailer’s stock valued at $1,356,000 after purchasing an additional 2,860 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Target by 39.9% during the second quarter. Thrivent Financial for Lutherans now owns 27,535 shares of the retailer’s stock valued at $4,076,000 after buying an additional 7,860 shares during the period. Public Sector Pension Investment Board boosted its position in Target by 75.7% during the second quarter. Public Sector Pension Investment Board now owns 17,872 shares of the retailer’s stock worth $2,646,000 after acquiring an additional 7,699 shares during the last quarter. Evergreen Capital Management LLC grew its stake in Target by 1.0% in the 2nd quarter. Evergreen Capital Management LLC now owns 12,017 shares of the retailer’s stock worth $1,779,000 after acquiring an additional 118 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Target by 59.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 88,439 shares of the retailer’s stock valued at $13,093,000 after acquiring an additional 33,146 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.
Target Stock Down 1.2 %
Shares of Target stock opened at $135.74 on Thursday. The business has a 50-day moving average price of $135.37 and a 200 day moving average price of $145.01. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The firm has a market cap of $62.20 billion, a P/E ratio of 14.39, a P/E/G ratio of 2.17 and a beta of 1.16. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.
Target Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio is presently 47.51%.
Analyst Ratings Changes
A number of equities research analysts have recently commented on TGT shares. Wells Fargo & Company lowered their price objective on Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Daiwa Capital Markets downgraded shares of Target from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $170.00 to $130.00 in a research note on Tuesday, November 26th. Hsbc Global Res cut shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Piper Sandler dropped their price target on shares of Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Target from a “buy” rating to a “hold” rating and decreased their price target for the company from $184.00 to $108.00 in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, Target currently has a consensus rating of “Hold” and a consensus target price of $158.57.
Read Our Latest Research Report on Target
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.
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