Missouri Trust & Investment Co Has $220,000 Position in Target Co. (NYSE:TGT)

Missouri Trust & Investment Co decreased its position in shares of Target Co. (NYSE:TGT) by 36.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,625 shares of the retailer’s stock after selling 950 shares during the quarter. Missouri Trust & Investment Co’s holdings in Target were worth $220,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp lifted 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 in the last quarter. International Assets Investment Management LLC grew its position in shares of Target by 9,940.6% in the 3rd quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock valued at $311,937,000 after purchasing an additional 1,981,458 shares during the period. Two Sigma Advisers LP increased its stake in Target by 173.2% during the 3rd quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock worth $369,295,000 after purchasing an additional 1,502,200 shares in the last quarter. FMR LLC raised its holdings in Target by 11.7% during the 3rd 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 during the period. Finally, AQR Capital Management LLC lifted its stake in Target by 711.2% in the second quarter. AQR Capital Management LLC now owns 876,531 shares of the retailer’s stock valued at $129,762,000 after buying an additional 768,479 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Wells Fargo & Company dropped their price objective on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Truist Financial boosted their price target on Target from $129.00 to $134.00 and gave the company a “hold” rating in a report on Friday, January 17th. Citigroup increased their price objective on Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Daiwa America cut Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, BMO Capital Markets cut their price objective on shares of Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research report on Thursday, November 21st. 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 stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $158.23.

Target Stock Performance

NYSE:TGT opened at $137.28 on Wednesday. The company has a market cap of $62.90 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 2.17 and a beta of 1.16. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The stock has a fifty day moving average price of $135.74 and a 200-day moving average price of $145.07.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. During the same quarter in the previous year, the firm posted $2.10 earnings per share. Target’s quarterly revenue was up .9% compared to the same quarter last year. As a group, equities analysts anticipate that Target Co. will post 8.68 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be paid 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 dividend yield of 3.26%. Target’s payout ratio is currently 47.51%.

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.