TIAA Trust National Association Cuts Stock Position in Target Co. (NYSE:TGT)

TIAA Trust National Association lowered its holdings in Target Co. (NYSE:TGTFree Report) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,000 shares of the retailer’s stock after selling 4,548 shares during the period. TIAA Trust National Association’s holdings in Target were worth $6,551,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sittner & Nelson LLC boosted its position in Target by 150.6% in the second quarter. Sittner & Nelson LLC now owns 213 shares of the retailer’s stock worth $28,000 after purchasing an additional 128 shares during the last quarter. Tower View Wealth Management LLC lifted its position in shares of Target by 82.8% during the 3rd quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock valued at $26,000 after buying an additional 106 shares during the last quarter. First Capital Advisors Group LLC. purchased a new position in shares of Target during the 2nd quarter valued at $31,000. Penserra Capital Management LLC purchased a new position in shares of Target during the 4th quarter valued at $35,000. Finally, Kenfarb & CO. lifted its position in shares of Target by 81.3% during the 2nd quarter. Kenfarb & CO. now owns 290 shares of the retailer’s stock valued at $38,000 after buying an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TGT. UBS Group reaffirmed a “buy” rating and set a $174.00 price target on shares of Target in a research report on Tuesday, March 5th. Royal Bank of Canada upped their price target on Target from $157.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Citigroup upped their price target on Target from $142.00 to $180.00 and gave the company a “neutral” rating in a research report on Wednesday, March 6th. Truist Financial upped their price target on Target from $142.00 to $160.00 and gave the company a “hold” rating in a research report on Wednesday, March 6th. Finally, Stifel Nicolaus boosted their price objective on Target from $153.00 to $177.00 and gave the company a “hold” rating in a research note on Wednesday, March 6th. Eleven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $180.12.

Check Out Our Latest Stock Report on Target

Insider Activity

In other news, insider Melissa K. Kremer sold 3,000 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $165.05, for a total transaction of $495,150.00. Following the transaction, the insider now directly owns 30,527 shares in the company, valued at approximately $5,038,481.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Melissa K. Kremer sold 3,000 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $165.05, for a total transaction of $495,150.00. Following the transaction, the insider now directly owns 30,527 shares in the company, valued at approximately $5,038,481.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $167.52, for a total value of $7,538,400.00. Following the sale, the insider now owns 346,919 shares of the company’s stock, valued at $58,115,870.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,600 shares of company stock worth $8,819,598. 0.23% of the stock is currently owned by insiders.

Target Price Performance

Shares of NYSE TGT opened at $176.24 on Wednesday. The company has a quick ratio of 0.29, a current ratio of 0.91 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $81.37 billion, a P/E ratio of 19.74, a P/E/G ratio of 1.67 and a beta of 1.14. The stock’s 50-day simple moving average is $156.27 and its two-hundred day simple moving average is $135.87. Target Co. has a twelve month low of $102.93 and a twelve month high of $181.86.

Target (NYSE:TGTGet Free Report) last announced its quarterly earnings data on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, beating the consensus estimate of $2.41 by $0.57. The firm had revenue of $31.47 billion for the quarter, compared to analyst estimates of $31.83 billion. Target had a return on equity of 33.41% and a net margin of 3.85%. The company’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.89 EPS. As a group, equities analysts anticipate that Target Co. will post 9.39 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, May 14th. This represents a $4.40 annualized dividend and a dividend yield of 2.50%. Target’s dividend payout ratio (DPR) is presently 49.27%.

Target Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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