Sabal Trust CO Buys 3,137 Shares of Target Co. (NYSE:TGT)

Sabal Trust CO lifted its position in Target Co. (NYSE:TGT) by 80.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,044 shares of the retailer’s stock after purchasing an additional 3,137 shares during the quarter. Sabal Trust CO’s holdings in Target were worth $952,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. National Pension Service lifted its stake in shares of Target by 46.5% in the fourth 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 in the last quarter. DMKC Advisory Services LLC bought a new position in Target during the fourth quarter valued at $1,396,000. Illinois Municipal Retirement Fund lifted its stake 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 valued at $16,755,000 after purchasing an additional 14,963 shares during the last quarter. Vaughan David Investments LLC IL increased its stake in 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 period. Finally, Bank of New York Mellon Corp grew its holdings in Target by 6.5% during the 4th quarter. Bank of New York Mellon Corp now owns 3,832,585 shares of the retailer’s stock worth $518,089,000 after acquiring an additional 234,409 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TGT has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft downgraded Target from a “buy” rating to a “hold” rating and cut their price target for the stock from $184.00 to $108.00 in a research report on Wednesday, November 20th. Telsey Advisory Group reiterated an “outperform” rating and set a $150.00 target price on shares of Target in a research note on Friday, January 17th. Piper Sandler reduced their price objective on Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Evercore ISI reduced their price target on shares of Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research report on Thursday, November 21st. Finally, Daiwa America lowered Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $157.70.

Target Stock Up 1.3 %

Shares of NYSE TGT opened at $127.36 on Wednesday. The stock has a market capitalization of $58.36 billion, a P/E ratio of 13.51, a P/E/G ratio of 1.94 and a beta of 1.15. 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 1 year low of $120.21 and a 1 year high of $181.86. The company has a 50-day moving average price of $134.20 and a 200-day moving average price of $142.69.

Target Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.52%. Target’s dividend payout ratio (DPR) is 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.