Target Co. (NYSE:TGT) Shares Acquired by Mmbg Investment Advisors CO.

Mmbg Investment Advisors CO. increased its holdings in Target Co. (NYSE:TGT) by 16.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,405 shares of the retailer’s stock after buying an additional 610 shares during the period. Mmbg Investment Advisors CO.’s holdings in Target were worth $595,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Nicholas Company Inc. lifted its position in Target by 20.5% in the fourth quarter. Nicholas Company Inc. now owns 55,810 shares of the retailer’s stock worth $7,544,000 after purchasing an additional 9,485 shares during the period. River Road Asset Management LLC raised its stake in shares of Target by 144.9% in the 4th quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer’s stock valued at $31,699,000 after purchasing an additional 138,751 shares during the period. Sierra Summit Advisors LLC boosted its position in Target by 29.0% during the fourth quarter. Sierra Summit Advisors LLC now owns 14,354 shares of the retailer’s stock worth $1,940,000 after purchasing an additional 3,231 shares during the period. Mountain Hill Investment Partners Corp. bought a new stake in shares of Target during the 4th quarter worth approximately $6,459,000. Finally, Wilmington Savings Fund Society FSB boosted its position in Target by 25.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock worth $2,430,000 after buying an additional 3,590 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TGT has been the subject of several recent research reports. Evercore ISI decreased their price objective on Target from $130.00 to $120.00 and set an “in-line” rating for the company in a report on Tuesday, April 1st. UBS Group dropped their target price on Target from $170.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Truist Financial dropped their price target on Target from $124.00 to $82.00 and set a “hold” rating for the company in a research note on Tuesday, April 8th. Stifel Nicolaus reduced their target price on shares of Target from $130.00 to $120.00 and set a “hold” rating on the stock in a research note on Thursday, March 20th. Finally, Jefferies Financial Group reduced their price objective on shares of Target from $165.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, twenty-three have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $131.20.

Target Stock Down 0.6%

Shares of TGT opened at $96.39 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target Co. has a one year low of $87.35 and a one year high of $167.40. The business’s 50 day simple moving average is $99.88 and its 200-day simple moving average is $123.45. The company has a market capitalization of $43.80 billion, a P/E ratio of 10.22, a PEG ratio of 1.94 and a beta of 1.27.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. As a group, sell-side analysts predict that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be paid a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 4.65%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s payout ratio is 50.56%.

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.