FUKOKU MUTUAL LIFE INSURANCE Co Lowers Stock Position in Target Co. (NYSE:TGT)

FUKOKU MUTUAL LIFE INSURANCE Co reduced its stake in shares of Target Co. (NYSE:TGT) by 31.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,200 shares of the retailer’s stock after selling 990 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Target were worth $297,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in TGT. abrdn plc lifted its holdings in Target by 5.8% in the 3rd quarter. abrdn plc now owns 676,770 shares of the retailer’s stock worth $104,436,000 after purchasing an additional 37,353 shares in the last quarter. Fidelis Capital Partners LLC lifted its holdings in Target by 15.5% in the 3rd quarter. Fidelis Capital Partners LLC now owns 5,639 shares of the retailer’s stock worth $835,000 after purchasing an additional 755 shares in the last quarter. Avitas Wealth Management LLC lifted its holdings in Target by 1.2% in the 3rd quarter. Avitas Wealth Management LLC now owns 29,551 shares of the retailer’s stock worth $4,606,000 after purchasing an additional 347 shares in the last quarter. Mutual Advisors LLC lifted its holdings in Target by 16.4% in the 3rd quarter. Mutual Advisors LLC now owns 21,386 shares of the retailer’s stock worth $3,212,000 after purchasing an additional 3,014 shares in the last quarter. Finally, Trajan Wealth LLC lifted its holdings in Target by 15.6% in the 3rd quarter. Trajan Wealth LLC now owns 52,650 shares of the retailer’s stock worth $8,206,000 after purchasing an additional 7,093 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Price Performance

Shares of TGT stock opened at $124.05 on Thursday. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86. The stock has a market capitalization of $56.84 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 1.94 and a beta of 1.15. The stock has a fifty day simple moving average of $134.06 and a two-hundred day simple moving average of $142.56. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.61%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio is 47.51%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Gordon Haskett cut Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Guggenheim lifted 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. Daiwa America downgraded Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Truist Financial lifted their price objective on Target from $129.00 to $134.00 and gave the stock a “hold” rating in a research note on Friday, January 17th. Finally, Stifel Nicolaus lifted their price objective on Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $157.93.

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.