Aware Super Pty Ltd as trustee of Aware Super Buys Shares of 144,861 Target Co. (NYSE:TGT)

Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of Target Co. (NYSE:TGT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 144,861 shares of the retailer’s stock, valued at approximately $19,582,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC boosted its holdings in Target by 13.6% during the 4th quarter. FMR LLC now owns 11,338,729 shares of the retailer’s stock valued at $1,532,769,000 after acquiring an additional 1,358,348 shares during the period. Geode Capital Management LLC grew its holdings in shares of Target by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 9,885,015 shares of the retailer’s stock valued at $1,332,317,000 after purchasing an additional 470,990 shares in the last quarter. Norges Bank purchased a new stake in Target during the 4th quarter worth approximately $757,892,000. Bank of New York Mellon Corp lifted 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 buying an additional 234,409 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Target by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,144,828 shares of the retailer’s stock valued at $425,118,000 after buying an additional 91,357 shares during the period. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on TGT. Gordon Haskett cut Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Truist Financial decreased their price objective on Target from $124.00 to $82.00 and set a “hold” rating for the company in a research note on Tuesday, April 8th. Roth Capital set a $122.00 target price on shares of Target in a research note on Wednesday, March 5th. Piper Sandler decreased their price target on shares of Target from $132.00 to $124.00 and set a “neutral” rating for the company in a research note on Wednesday, March 5th. Finally, The Goldman Sachs Group dropped their price objective on shares of Target from $166.00 to $142.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, twenty-one have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $134.57.

Target Trading Up 0.1 %

NYSE:TGT opened at $92.77 on Monday. Target Co. has a 12-month low of $87.35 and a 12-month high of $169.80. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The stock’s 50 day simple moving average is $113.01 and its 200-day simple moving average is $131.69. The firm has a market cap of $42.26 billion, a P/E ratio of 9.84, a PEG ratio of 1.94 and a beta of 1.28.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $30.92 billion for the quarter, compared to analysts’ expectations of $30.83 billion. Equities analysts anticipate that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 4.83%. 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.