Target Co. (NYSE:TGT) Shares Sold by Greenleaf Trust

Greenleaf Trust lessened its holdings in shares of Target Co. (NYSE:TGT) by 3.2% during the fourth quarter, HoldingsChannel reports. The fund owned 17,312 shares of the retailer’s stock after selling 565 shares during the period. Greenleaf Trust’s holdings in Target were worth $2,340,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TGT. State Street Corp grew its holdings in Target by 8.3% during the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after acquiring an additional 2,732,801 shares during the period. International Assets Investment Management LLC grew its holdings in Target by 9,940.6% during the third quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock worth $311,937,000 after acquiring an additional 1,981,458 shares during the period. Two Sigma Advisers LP grew its holdings in Target by 173.2% during the third quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock worth $369,295,000 after acquiring an additional 1,502,200 shares during the period. FMR LLC grew its holdings in Target by 11.7% in the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after purchasing an additional 1,046,044 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC grew its holdings in Target by 773.1% in the third quarter. Worldquant Millennium Advisors LLC now owns 832,766 shares of the retailer’s stock valued at $129,795,000 after purchasing an additional 737,384 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Ratings Changes

TGT has been the topic of several research reports. Citigroup upped their target price on Target from $130.00 to $133.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Sanford C. Bernstein upped their target price on Target from $139.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, January 28th. HSBC lowered Target from a “buy” rating to a “hold” rating and set a $138.00 target price on the stock. in a report on Wednesday, November 20th. Truist Financial upped their price objective on Target from $129.00 to $134.00 and gave the company a “hold” rating in a research report on Friday, January 17th. Finally, Hsbc Global Res downgraded Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $157.70.

Target Stock Performance

NYSE TGT opened at $137.82 on Monday. The firm has a market capitalization of $63.15 billion, a P/E ratio of 14.61, a P/E/G ratio of 2.28 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 company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The business’s 50-day simple moving average is $134.80 and its 200-day simple moving average is $144.41.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). The firm had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.10 earnings per share. Equities analysts predict that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.25%. Target’s payout ratio is currently 47.51%.

About Target

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.