Stock Yards Bank & Trust Co. Has $2.90 Million Position in Target Co. (NYSE:TGT)

Stock Yards Bank & Trust Co. lowered its stake in shares of Target Co. (NYSE:TGT) by 24.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 21,467 shares of the retailer’s stock after selling 6,939 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Target were worth $2,902,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in TGT. Legacy Investment Solutions LLC acquired a new position in shares of Target during the third quarter valued at about $28,000. Wolff Wiese Magana LLC raised its position in shares of Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after buying an additional 133 shares during the last quarter. MCF Advisors LLC raised its position in shares of Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after buying an additional 163 shares during the last quarter. Raleigh Capital Management Inc. raised its position in shares of Target by 110.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after buying an additional 135 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new position in shares of Target during the third quarter valued at about $36,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on TGT shares. Piper Sandler dropped their price target on shares of Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Evercore ISI dropped their price target on shares of Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research report on Thursday, November 21st. Telsey Advisory Group reissued an “outperform” rating and issued a $150.00 price target on shares of Target in a research report on Friday, January 17th. Truist Financial increased their price target on shares of Target from $129.00 to $134.00 and gave the stock a “hold” rating in a research report on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Target from a “buy” rating to a “hold” rating and dropped their price target for the stock from $184.00 to $108.00 in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $157.70.

Target Stock Performance

Shares of TGT opened at $137.82 on Monday. The company has a market cap of $63.15 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 2.28 and a beta of 1.16. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The firm has a 50-day moving average of $134.80 and a 200-day moving average of $144.41. Target Co. has a one year low of $120.21 and a one year high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). The business had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Target’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.10 EPS. As a group, equities analysts forecast that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio is 47.51%.

Target Profile

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.