Flagship Harbor Advisors LLC grew its stake in shares of Target Co. (NYSE:TGT – Free Report) by 50.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,547 shares of the retailer’s stock after purchasing an additional 858 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Target were worth $344,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the stock. State Street Corp grew its holdings in shares of Target by 8.3% in the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after purchasing an additional 2,732,801 shares during the last quarter. FMR LLC raised its stake in Target by 11.7% in the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after buying an additional 1,046,044 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Target by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock worth $1,461,456,000 after acquiring an additional 130,691 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Target by 1.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,321,055 shares of the retailer’s stock valued at $517,620,000 after buying an additional 62,916 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Target by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,053,471 shares of the retailer’s stock worth $475,914,000 after purchasing an additional 56,695 shares during the period. 79.73% of the stock is currently owned by hedge funds and other institutional investors.
Target Price Performance
NYSE:TGT opened at $140.28 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The firm has a market capitalization of $64.28 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 2.21 and a beta of 1.16. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The business has a 50 day simple moving average of $133.80 and a 200-day simple moving average of $144.64.
Target Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be given a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.19%. Target’s dividend payout ratio is currently 47.51%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the company. BMO Capital Markets cut their target price on Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research note on Thursday, November 21st. HSBC downgraded Target from a “buy” rating to a “hold” rating and set a $138.00 price target on the stock. in a report on Wednesday, November 20th. JPMorgan Chase & Co. dropped their target price on shares of Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Wells Fargo & Company cut their price target on Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. Finally, Bank of America cut their price objective on shares of Target from $195.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, Target currently has a consensus rating of “Hold” and an average target price of $157.70.
View Our Latest Stock Report on TGT
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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