Target Co. (NYSE:TGT) Shares Sold by SouthState Corp

SouthState Corp lowered its stake in shares of Target Co. (NYSE:TGT) by 19.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,958 shares of the retailer’s stock after selling 462 shares during the quarter. SouthState Corp’s holdings in Target were worth $265,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TGT. Atlanta Consulting Group Advisors LLC acquired a new stake in shares of Target in the 3rd quarter valued at about $267,000. Adero Partners LLC raised its stake in Target by 8.2% during the third quarter. Adero Partners LLC now owns 1,715 shares of the retailer’s stock valued at $267,000 after buying an additional 130 shares in the last quarter. Claro Advisors LLC lifted its holdings in Target by 85.5% during the 3rd quarter. Claro Advisors LLC now owns 4,127 shares of the retailer’s stock worth $643,000 after buying an additional 1,902 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of Target by 1.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock worth $4,368,000 after acquiring an additional 490 shares in the last quarter. Finally, Swiss National Bank increased its holdings in shares of Target by 0.5% in the 3rd quarter. Swiss National Bank now owns 1,373,200 shares of the retailer’s stock valued at $214,027,000 after acquiring an additional 6,200 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wells Fargo & Company decreased their price objective on shares of Target from $150.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. The Goldman Sachs Group lowered their price objective on shares of Target from $166.00 to $142.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Stifel Nicolaus cut their target price on shares of Target from $145.00 to $130.00 and set a “hold” rating on the stock in a report on Wednesday, March 5th. Oppenheimer lowered their target price on Target from $165.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Finally, Jefferies Financial Group reduced their price objective on Target from $165.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Target presently has an average rating of “Hold” and an average price target of $145.87.

Target Trading Up 0.9 %

Shares of NYSE:TGT opened at $105.61 on Tuesday. The stock has a market capitalization of $48.11 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 1.94 and a beta of 1.18. Target Co. has a 1-year low of $103.46 and a 1-year high of $181.86. The company has a 50 day moving average price of $128.68 and a 200 day moving average price of $139.29. 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 (NYSE:TGT) last released its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.17. The business had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. On average, research analysts anticipate that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.24%. Target’s payout ratio is presently 50.56%.

Target Company 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.