First American Bank Cuts Stock Position in Target Co. (NYSE:TGT)

First American Bank trimmed its stake in shares of Target Co. (NYSE:TGT) by 13.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,565 shares of the retailer’s stock after selling 1,601 shares during the period. First American Bank’s holdings in Target were worth $1,428,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cynosure Group LLC lifted its stake in Target by 4.3% in the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock valued at $248,000 after buying an additional 65 shares in the last quarter. Financial Advocates Investment Management raised its holdings in shares of Target by 1.2% during the third quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock valued at $894,000 after acquiring an additional 67 shares during the last quarter. Hancock Whitney Corp lifted its position in shares of Target by 3.3% in the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock valued at $336,000 after acquiring an additional 68 shares in the last quarter. Eagle Bluffs Wealth Management LLC boosted its stake in shares of Target by 1.1% in the third quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock worth $1,063,000 after acquiring an additional 73 shares during the last quarter. Finally, Proffitt & Goodson Inc. increased its position in shares of Target by 2.2% during the third quarter. Proffitt & Goodson Inc. now owns 3,460 shares of the retailer’s stock worth $539,000 after purchasing an additional 73 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the topic of a number of research reports. Telsey Advisory Group restated an “outperform” rating and issued a $150.00 price objective on shares of Target in a report on Friday, January 17th. Truist Financial raised their price target on shares of Target from $129.00 to $134.00 and gave the stock a “hold” rating in a research note on Friday, January 17th. JPMorgan Chase & Co. upped their price objective on shares of Target from $139.00 to $146.00 and gave the company a “neutral” rating in a research note on Wednesday. TD Cowen cut their price objective on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, November 21st. Finally, StockNews.com upgraded Target from a “hold” rating to a “buy” rating in a report on Saturday, February 22nd. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $157.93.

Target Trading Down 1.0 %

NYSE TGT opened at $122.80 on Friday. 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 firm has a market cap of $56.27 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 1.94 and a beta of 1.15. The firm has a 50 day simple moving average of $133.91 and a 200-day simple moving average of $142.42. Target Co. has a one year low of $120.21 and a one year high of $181.86.

Target Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.65%. Target’s dividend payout ratio is presently 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.