Target Co. (NYSE:TGT) Shares Acquired by Tufton Capital Management

Tufton Capital Management raised its holdings in Target Co. (NYSE:TGT) by 0.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 74,155 shares of the retailer’s stock after acquiring an additional 622 shares during the period. Target comprises 1.9% of Tufton Capital Management’s portfolio, making the stock its 16th biggest holding. Tufton Capital Management’s holdings in Target were worth $10,024,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State Street Corp raised its holdings in Target by 8.3% during the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after buying an additional 2,732,801 shares during the period. Two Sigma Advisers LP increased its holdings in shares of Target by 173.2% in the 3rd quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock valued at $369,295,000 after purchasing an additional 1,502,200 shares during the period. FMR LLC grew its stake in shares of Target by 11.7% in the 3rd quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after buying an additional 1,046,044 shares in the last quarter. Worldquant Millennium Advisors LLC grew its stake in shares of Target by 773.1% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 832,766 shares of the retailer’s stock valued at $129,795,000 after buying an additional 737,384 shares in the last quarter. Finally, Westfield Capital Management Co. LP bought a new stake in shares of Target in the 3rd quarter valued at approximately $106,493,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Down 1.0 %

TGT stock opened at $122.80 on Friday. 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 firm has a market capitalization of $56.27 billion, a PE ratio of 13.02, a PEG ratio of 1.94 and a beta of 1.15. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86. The business’s 50 day simple moving average is $133.91 and its 200 day simple moving average is $142.42.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s payout ratio is presently 47.51%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Roth Mkm reduced their target price on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. StockNews.com raised Target from a “hold” rating to a “buy” rating in a report on Saturday, February 22nd. Truist Financial lifted their price objective on Target from $129.00 to $134.00 and gave the company a “hold” rating in a report on Friday, January 17th. Piper Sandler cut their price objective on Target from $156.00 to $130.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Finally, TD Cowen cut their price objective on Target from $165.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Target presently has an average rating of “Hold” and an average 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.