Hickory Point Bank & Trust Buys Shares of 1,522 Target Co. (NYSE:TGT)

Hickory Point Bank & Trust bought a new stake in Target Co. (NYSE:TGT) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,522 shares of the retailer’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in 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 acquiring an additional 2,732,801 shares in the last quarter. FMR LLC boosted its holdings 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 acquiring an additional 1,046,044 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Target by 1.4% in the third 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. Bank of New York Mellon Corp boosted its holdings in Target by 6.5% in the fourth quarter. Bank of New York Mellon Corp now owns 3,832,585 shares of the retailer’s stock worth $518,089,000 after acquiring an additional 234,409 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Target by 1.9% in 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 worth $517,620,000 after acquiring an additional 62,916 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on TGT. Wells Fargo & Company lowered their price target on Target from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Piper Sandler decreased their target price on Target from $156.00 to $130.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Guggenheim lifted their target price on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. HSBC downgraded Target from a “buy” rating to a “hold” rating and set a $138.00 target price for the company. in a report on Wednesday, November 20th. Finally, Daiwa Capital Markets downgraded Target from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $170.00 to $130.00 in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $157.93.

Target Stock Performance

NYSE TGT opened at $124.37 on Friday. The stock’s fifty day moving average is $133.77 and its two-hundred day moving average is $142.39. The firm has a market capitalization of $56.99 billion, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th were paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend was Wednesday, February 12th. Target’s dividend payout ratio (DPR) 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.