Proffitt & Goodson Inc. Sells 159 Shares of Target Co. (NYSE:TGT)

Proffitt & Goodson Inc. lessened its position in Target Co. (NYSE:TGT) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,301 shares of the retailer’s stock after selling 159 shares during the period. Proffitt & Goodson Inc.’s holdings in Target were worth $446,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TGT. JFS Wealth Advisors LLC boosted its holdings in shares of Target by 163.1% in the third quarter. JFS Wealth Advisors LLC now owns 1,923 shares of the retailer’s stock valued at $300,000 after buying an additional 1,192 shares during the period. Financial Advocates Investment Management boosted its holdings in Target by 1.2% during the third quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock worth $894,000 after purchasing an additional 67 shares during the last quarter. Catalyst Financial Partners LLC boosted its holdings in Target by 14.0% during the third quarter. Catalyst Financial Partners LLC now owns 1,663 shares of the retailer’s stock worth $259,000 after purchasing an additional 204 shares during the last quarter. HM Payson & Co. boosted its holdings in Target by 12.5% during the third quarter. HM Payson & Co. now owns 9,467 shares of the retailer’s stock worth $1,476,000 after purchasing an additional 1,053 shares during the last quarter. Finally, United Asset Strategies Inc. boosted its holdings in Target by 8.0% during the third quarter. United Asset Strategies Inc. now owns 4,985 shares of the retailer’s stock worth $777,000 after purchasing an additional 370 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Up 1.5 %

NYSE:TGT opened at $124.37 on Friday. The firm’s 50 day simple moving average is $133.77 and its 200 day simple moving average is $142.35. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target Co. has a one year low of $120.21 and a one year high of $181.86. The company has a market cap of $56.99 billion, a PE ratio of 13.19, a P/E/G ratio of 1.94 and a beta of 1.15.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.60%. Target’s payout ratio is 47.51%.

Analysts Set New Price Targets

Several research firms have issued reports on TGT. Piper Sandler dropped their price target on shares of Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. TD Cowen dropped their price target on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Daiwa America lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $150.00 price target on shares of Target in a research report on Friday, January 17th. Finally, StockNews.com raised shares of Target from a “hold” rating to a “buy” rating in a research report on Saturday, February 22nd. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.