5,673 Shares in Target Co. (NYSE:TGT) Purchased by Natixis

Natixis purchased a new position in shares of Target Co. (NYSE:TGT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,673 shares of the retailer's stock, valued at approximately $767,000.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Target during the 4th quarter valued at approximately $757,892,000. Raymond James Financial Inc. purchased a new position in Target during the fourth quarter valued at $297,122,000. FMR LLC grew its position in shares of Target by 13.6% in the fourth quarter. FMR LLC now owns 11,338,729 shares of the retailer's stock valued at $1,532,769,000 after purchasing an additional 1,358,348 shares during the period. Capital World Investors increased its stake in shares of Target by 6.3% during the fourth quarter. Capital World Investors now owns 21,930,569 shares of the retailer's stock worth $2,964,565,000 after purchasing an additional 1,306,552 shares in the last quarter. Finally, Capital Research Global Investors acquired a new position in shares of Target during the 4th quarter worth about $150,046,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TGT has been the subject of several research reports. StockNews.com lowered Target from a "buy" rating to a "hold" rating in a research note on Tuesday. Stifel Nicolaus dropped their price target on Target from $130.00 to $120.00 and set a "hold" rating for the company in a research report on Thursday, March 20th. Wells Fargo & Company decreased their price objective on Target from $150.00 to $135.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Oppenheimer dropped their target price on shares of Target from $165.00 to $150.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Finally, Piper Sandler decreased their price target on shares of Target from $132.00 to $124.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, twenty-three have issued a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $132.37.

Target Price Performance

TGT stock opened at $92.16 on Thursday. The business's fifty day moving average price is $106.90 and its 200 day moving average price is $128.68. Target Co. has a 12-month low of $87.35 and a 12-month high of $167.40. The company has a market capitalization of $41.98 billion, a PE ratio of 9.77, a P/E/G ratio of 1.94 and a beta of 1.28. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.17. The business had revenue of $30.92 billion for the quarter, compared to analysts' expectations of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. On average, sell-side analysts anticipate that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be paid a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.86%. Target's dividend payout ratio (DPR) is 50.56%.

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.

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