Bokf Na Reduces Position in Target Co. (NYSE:TGT)

Bokf Na lowered its position in Target Co. (NYSE:TGT) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,409 shares of the retailer’s stock after selling 137 shares during the period. Bokf Na’s holdings in Target were worth $4,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. CWA Asset Management Group LLC lifted its position in shares of Target by 23.9% during the fourth quarter. CWA Asset Management Group LLC now owns 9,196 shares of the retailer’s stock worth $1,243,000 after purchasing an additional 1,773 shares during the last quarter. InvesTrust bought a new stake in Target during the 4th quarter valued at about $6,137,000. Wealth Enhancement Advisory Services LLC boosted its position in Target by 0.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 156,548 shares of the retailer’s stock valued at $21,162,000 after buying an additional 818 shares during the period. ST Germain D J Co. Inc. grew its stake in Target by 13.2% in the 4th quarter. ST Germain D J Co. Inc. now owns 6,749 shares of the retailer’s stock worth $912,000 after acquiring an additional 785 shares in the last quarter. Finally, LVM Capital Management Ltd. MI purchased a new position in shares of Target during the fourth quarter worth approximately $595,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Guggenheim increased their price objective on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Truist Financial decreased their price objective on Target from $124.00 to $82.00 and set a “hold” rating for the company in a report on Tuesday, April 8th. Gordon Haskett downgraded shares of Target from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Bank of America cut their price objective on shares of Target from $160.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Finally, Mizuho initiated coverage on Target in a research report on Friday, April 11th. They set a “neutral” rating and a $92.00 target price on the stock. One research analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $132.37.

Target Trading Up 2.2 %

NYSE TGT opened at $95.68 on Thursday. Target Co. has a 1 year low of $87.35 and a 1 year high of $167.40. 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 market capitalization of $43.47 billion, a PE ratio of 10.15, a P/E/G ratio of 1.94 and a beta of 1.27. The company has a fifty day moving average of $100.76 and a 200 day moving average of $124.54.

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

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors 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 4.68%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio is currently 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.