State of Tennessee Department of Treasury Purchases 21,310 Shares of Target Co. (NYSE:TGT)

State of Tennessee Department of Treasury boosted its position in Target Co. (NYSE:TGT) by 11.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 207,029 shares of the retailer’s stock after purchasing an additional 21,310 shares during the quarter. State of Tennessee Department of Treasury’s holdings in Target were worth $27,986,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TGT. Hopwood Financial Services Inc. bought a new position in Target during the fourth quarter worth about $29,000. Bernard Wealth Management Corp. acquired a new stake in shares of Target in the fourth quarter valued at approximately $30,000. MCF Advisors LLC boosted its stake in shares of Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after buying an additional 163 shares during the period. Raleigh Capital Management Inc. increased its stake in Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after acquiring an additional 135 shares during the period. Finally, Legacy Investment Solutions LLC raised its holdings in Target by 47.5% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer’s stock valued at $35,000 after acquiring an additional 85 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on TGT. Piper Sandler dropped their price target on Target from $132.00 to $124.00 and set a “neutral” rating for the company in a research note on Wednesday, March 5th. Evercore ISI reduced their price target on shares of Target from $130.00 to $120.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 1st. UBS Group cut their target price on Target from $170.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Oppenheimer lowered their price target on Target from $165.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Finally, Gordon Haskett cut Target from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $132.37.

Target Price Performance

TGT stock opened at $93.85 on Tuesday. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The company’s fifty day simple moving average is $108.31 and its 200 day simple moving average is $129.18. Target Co. has a 12-month low of $87.35 and a 12-month high of $169.09. The firm has a market cap of $42.76 billion, a price-to-earnings ratio of 9.95, a PEG ratio of 1.94 and a beta of 1.28.

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

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date is Wednesday, May 14th. Target’s payout ratio is 50.56%.

Target Company 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.