Target Co. (NYSE:TGT) Shares Sold by First American Bank

First American Bank decreased its position in Target Co. (NYSE:TGT) by 13.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,565 shares of the retailer’s stock after selling 1,601 shares during the quarter. First American Bank’s holdings in Target were worth $1,428,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Target by 8.3% in the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after purchasing an additional 2,732,801 shares in the last quarter. Two Sigma Advisers LP increased its holdings in Target by 173.2% in the third quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock valued at $369,295,000 after buying an additional 1,502,200 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 valued at $1,555,542,000 after buying an additional 1,046,044 shares in the last quarter. Worldquant Millennium Advisors LLC lifted its holdings in Target by 773.1% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 832,766 shares of the retailer’s stock worth $129,795,000 after buying an additional 737,384 shares during the last quarter. Finally, Westfield Capital Management Co. LP acquired a new position in shares of Target during the 3rd quarter worth about $106,493,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TGT. Roth Mkm cut their target price on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Truist Financial raised their price objective on shares of Target from $129.00 to $134.00 and gave the stock a “hold” rating in a report on Friday, January 17th. JPMorgan Chase & Co. upped their target price on shares of Target from $139.00 to $146.00 and gave the company a “neutral” rating in a report on Wednesday. TD Cowen cut their price target on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Finally, Sanford C. Bernstein upped their price objective on shares of Target from $139.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $157.93.

Target Stock Performance

Shares of TGT stock opened at $122.80 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The stock has a 50 day simple moving average of $133.91 and a 200-day simple moving average of $142.42. The company has a market cap of $56.27 billion, a price-to-earnings ratio of 13.02, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s payout ratio is 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.