Checchi Capital Advisers LLC Buys 833 Shares of Target Co. (NYSE:TGT)

Checchi Capital Advisers LLC raised its stake in Target Co. (NYSE:TGT) by 14.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,525 shares of the retailer’s stock after purchasing an additional 833 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Target were worth $882,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Sabal Trust CO increased its holdings in shares of Target by 80.3% in the 4th quarter. Sabal Trust CO now owns 7,044 shares of the retailer’s stock worth $952,000 after buying an additional 3,137 shares during the last quarter. National Pension Service increased its holdings in shares of Target by 46.5% in the 4th quarter. National Pension Service now owns 1,538,247 shares of the retailer’s stock worth $207,940,000 after buying an additional 488,346 shares during the last quarter. DMKC Advisory Services LLC bought a new position in shares of Target in the 4th quarter worth $1,396,000. Illinois Municipal Retirement Fund increased its holdings in shares of Target by 13.7% in the 4th quarter. Illinois Municipal Retirement Fund now owns 123,945 shares of the retailer’s stock worth $16,755,000 after buying an additional 14,963 shares during the last quarter. Finally, Vaughan David Investments LLC IL increased its holdings in shares of Target by 0.9% in the 4th quarter. Vaughan David Investments LLC IL now owns 295,045 shares of the retailer’s stock worth $39,884,000 after buying an additional 2,577 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Stock Down 2.6 %

Shares of Target stock opened at $124.05 on Thursday. 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 $134.06 and a 200 day moving average of $142.56. The firm has a market cap of $56.84 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 1.94 and a beta of 1.15. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be paid a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.61%. Target’s payout ratio is 47.51%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TGT shares. Truist Financial upped their price objective on shares of Target from $129.00 to $134.00 and gave the company a “hold” rating in a research note on Friday, January 17th. Oppenheimer reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Target in a research note on Monday, November 25th. Bank of America cut their price objective on shares of Target from $195.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. JPMorgan Chase & Co. upped their price objective on shares of Target from $139.00 to $146.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, HSBC cut shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price objective for the company. in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $157.93.

About Target

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.