Target Co. (NYSE:TGT) Shares Sold by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust lessened its holdings in Target Co. (NYSE:TGT) by 11.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,527 shares of the retailer’s stock after selling 835 shares during the period. Parkside Financial Bank & Trust’s holdings in Target were worth $882,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of TGT. State Street Corp lifted its stake in shares of Target by 8.3% in the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after purchasing an additional 2,732,801 shares during the last quarter. Two Sigma Advisers LP lifted its stake in Target by 173.2% during the 3rd quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock worth $369,295,000 after acquiring an additional 1,502,200 shares in the last quarter. FMR LLC lifted its stake in Target by 11.7% during the 3rd quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after acquiring an additional 1,046,044 shares in the last quarter. Worldquant Millennium Advisors LLC lifted its stake in Target by 773.1% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 832,766 shares of the retailer’s stock worth $129,795,000 after acquiring an additional 737,384 shares in the last quarter. Finally, Westfield Capital Management Co. LP acquired a new position in Target during the 3rd quarter worth about $106,493,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on TGT shares. Evercore ISI decreased their target price on Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lowered Target from a “buy” rating to a “hold” rating and decreased their target price for the stock from $184.00 to $108.00 in a research note on Wednesday, November 20th. Guggenheim increased their target price on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Telsey Advisory Group reissued an “outperform” rating and set a $150.00 target price on shares of Target in a research note on Friday, January 17th. Finally, Daiwa America lowered Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $157.93.

Target Trading Down 1.0 %

NYSE:TGT opened at $122.80 on Friday. The stock’s 50 day moving average price is $133.91 and its 200 day moving average price is $142.42. The company has a market capitalization of $56.27 billion, a PE ratio of 13.02, a P/E/G ratio of 1.94 and a beta of 1.15. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86.

Target Announces Dividend

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

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.