Target Co. (NYSE:TGT) Position Decreased by Duncker Streett & Co. Inc.

Duncker Streett & Co. Inc. trimmed its position in Target Co. (NYSE:TGT) by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,365 shares of the retailer’s stock after selling 134 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in Target were worth $479,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TGT. Moneta Group Investment Advisors LLC boosted its holdings in shares of Target by 95,980.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 18,537,742 shares of the retailer’s stock worth $2,762,865,000 after buying an additional 18,518,448 shares during the period. Norges Bank acquired a new position in shares of Target in the fourth quarter worth about $725,870,000. International Assets Investment Management LLC boosted its holdings in shares of Target by 15,009.5% in the fourth quarter. International Assets Investment Management LLC now owns 1,757,088 shares of the retailer’s stock worth $250,244,000 after buying an additional 1,745,459 shares during the period. Clearbridge Investments LLC boosted its holdings in shares of Target by 37,301.2% in the third quarter. Clearbridge Investments LLC now owns 1,698,764 shares of the retailer’s stock worth $187,832,000 after buying an additional 1,694,222 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Target by 252.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,166,161 shares of the retailer’s stock worth $358,782,000 after purchasing an additional 1,551,551 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TGT has been the topic of a number of recent research reports. HSBC upgraded Target from a “hold” rating to a “buy” rating and boosted their target price for the company from $140.00 to $195.00 in a research note on Wednesday, March 6th. Bank of America lifted their target price on shares of Target from $160.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Target from a “hold” rating to a “buy” rating and raised their price target for the company from $149.00 to $206.00 in a report on Wednesday, March 6th. Telsey Advisory Group lifted their price objective on shares of Target from $160.00 to $195.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Finally, Truist Financial lifted their price objective on shares of Target from $142.00 to $160.00 and gave the company a “hold” rating in a research note on Wednesday, March 6th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, Target currently has a consensus rating of “Moderate Buy” and an average price target of $181.85.

Insiders Place Their Bets

In other Target news, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $165.05, for a total value of $495,150.00. Following the completion of the transaction, the insider now directly owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Target news, insider Melissa K. Kremer sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total value of $495,150.00. Following the completion of the sale, the insider now owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the completion of the sale, the insider now directly owns 346,919 shares of the company’s stock, valued at approximately $58,115,870.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,600 shares of company stock valued at $8,819,598. Insiders own 0.23% of the company’s stock.

Target Price Performance

NYSE:TGT traded down $1.69 during trading hours on Wednesday, reaching $163.32. The company had a trading volume of 3,450,687 shares, compared to its average volume of 2,974,175. The company has a quick ratio of 0.29, a current ratio of 0.91 and a debt-to-equity ratio of 1.11. The stock has a 50-day moving average of $162.51 and a two-hundred day moving average of $140.17. Target Co. has a one year low of $102.93 and a one year high of $181.86. The firm has a market capitalization of $75.40 billion, a PE ratio of 18.29, a PEG ratio of 1.55 and a beta of 1.14.

Target (NYSE:TGT) last released its quarterly earnings results on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.57. The business had revenue of $31.47 billion for the quarter, compared to analyst estimates of $31.83 billion. Target had a return on equity of 33.41% and a net margin of 3.85%. Target’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.89 EPS. Analysts forecast that Target Co. will post 9.39 earnings per share for the current year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Tuesday, May 14th. Target’s dividend payout ratio is presently 49.27%.

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.