Amalgamated Bank Has $11.95 Million Stock Position in Target Co. (NYSE:TGT)

Amalgamated Bank cut its stake in shares of Target Co. (NYSE:TGT) by 2.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 88,380 shares of the retailer’s stock after selling 2,483 shares during the quarter. Amalgamated Bank’s holdings in Target were worth $11,947,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Thrivent Financial for Lutherans raised its position in Target by 1.8% in the third quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock valued at $4,368,000 after purchasing an additional 490 shares during the last quarter. Wilmington Savings Fund Society FSB raised its holdings in Target by 25.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock valued at $2,430,000 after buying an additional 3,590 shares during the last quarter. Northeast Financial Group Inc. acquired a new stake in Target during the 4th quarter worth approximately $1,566,000. D.A. Davidson & CO. grew its holdings in Target by 8.6% during the 3rd quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock worth $18,619,000 after acquiring an additional 9,510 shares during the last quarter. Finally, LMG Wealth Partners LLC acquired a new position in Target in the 4th quarter valued at approximately $1,438,000. 79.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TGT has been the subject of a number of analyst reports. Citigroup raised their price objective on Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Guggenheim raised their price target on shares of Target from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. TD Cowen decreased their price objective on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Daiwa America cut shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, Piper Sandler decreased their target price on Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research note 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $157.70.

Target Trading Up 1.3 %

Shares of Target stock opened at $127.36 on Wednesday. The company has a 50 day simple moving average of $134.20 and a two-hundred day simple moving average of $142.69. The firm has a market cap of $58.36 billion, a PE ratio of 13.51, 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 company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders 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 dividend yield of 3.52%. Target’s dividend payout ratio (DPR) is currently 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.