Bank of Jackson Hole Trust Makes New $50,000 Investment in Target Co. (NYSE:TGT)

Bank of Jackson Hole Trust acquired a new position in Target Co. (NYSE:TGT) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 367 shares of the retailer’s stock, valued at approximately $50,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. State Street Corp grew its holdings in shares of Target by 8.3% during the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after buying an additional 2,732,801 shares during the last quarter. FMR LLC grew its holdings in shares of Target by 11.7% during the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after buying an additional 1,046,044 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Target by 1.4% during the third quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock valued at $1,461,456,000 after buying an additional 130,691 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Target by 1.9% during 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 valued at $517,620,000 after buying an additional 62,916 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Target by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,053,471 shares of the retailer’s stock valued at $475,914,000 after buying an additional 56,695 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 equities research analysts have recently commented on TGT shares. BMO Capital Markets cut their price target on shares of Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a report on Thursday, November 21st. Truist Financial raised their target price on shares of Target from $129.00 to $134.00 and gave the stock a “hold” rating in a report on Friday, January 17th. Oppenheimer reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Target in a research report on Monday, November 25th. Gordon Haskett downgraded shares of Target from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Finally, StockNews.com downgraded shares of Target from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $157.70.

Target Stock Down 1.9 %

TGT opened at $128.20 on Friday. 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. The firm’s fifty day moving average is $134.61 and its 200 day moving average is $142.74. The stock has a market cap of $58.74 billion, a price-to-earnings ratio of 13.60, a price-to-earnings-growth ratio of 1.97 and a beta of 1.15.

Target (NYSE:TGT) last released its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The firm had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.10 EPS. On average, sell-side analysts forecast that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s payout ratio is currently 47.51%.

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.