First National Bank & Trust Co. of Newtown decreased its position in Target Co. (NYSE:TGT - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,526 shares of the retailer's stock after selling 2,391 shares during the period. Target comprises 0.7% of First National Bank & Trust Co. of Newtown's portfolio, making the stock its 25th largest holding. First National Bank & Trust Co. of Newtown's holdings in Target were worth $3,180,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. nVerses Capital LLC acquired a new position in shares of Target during the 3rd quarter worth $47,000. Blue Trust Inc. grew its position in Target by 8.7% during the third quarter. Blue Trust Inc. now owns 3,374 shares of the retailer's stock worth $500,000 after buying an additional 271 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Target by 57.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 183,365 shares of the retailer's stock valued at $28,579,000 after buying an additional 66,870 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Target by 13.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 28,122 shares of the retailer's stock valued at $4,383,000 after acquiring an additional 3,315 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of Target by 4.6% during the 3rd quarter. Signaturefd LLC now owns 11,696 shares of the retailer's stock worth $1,823,000 after acquiring an additional 511 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.
Target Stock Performance
Shares of NYSE:TGT traded up $2.15 during trading on Monday, reaching $126.42. 4,606,699 shares of the company's stock traded hands, compared to its average volume of 5,112,089. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The company has a 50 day moving average of $134.41 and a 200-day moving average of $142.80. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The stock has a market capitalization of $57.93 billion, a P/E ratio of 13.40, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15.
Target Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.54%. Target's dividend payout ratio is presently 47.51%.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on TGT shares. Sanford C. Bernstein raised their price objective on Target from $139.00 to $142.00 and gave the company a "market perform" rating in a research note on Tuesday, January 28th. Gordon Haskett cut Target from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th. Guggenheim lifted their price target on Target from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Hsbc Global Res cut shares of Target from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Finally, StockNews.com upgraded shares of Target from a "hold" rating to a "buy" rating in a research report on Saturday. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $157.70.
View Our Latest Stock Report on TGT
About Target
(
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.
Featured Stories
Before you consider Target, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Target wasn't on the list.
While Target currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
