First Horizon Advisors Inc. Sells 1,764 Shares of Target Co. (NYSE:TGT)

First Horizon Advisors Inc. lowered its position in Target Co. (NYSE:TGT) by 11.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,471 shares of the retailer’s stock after selling 1,764 shares during the period. First Horizon Advisors Inc.’s holdings in Target were worth $1,821,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in TGT. Cynosure Group LLC grew its stake in Target by 4.3% in the third quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock valued at $248,000 after acquiring an additional 65 shares during the period. Financial Advocates Investment Management lifted its holdings in shares of Target by 1.2% during the 3rd quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock valued at $894,000 after purchasing an additional 67 shares in the last quarter. Hancock Whitney Corp lifted its holdings in shares of Target by 3.3% during the 3rd quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock valued at $336,000 after purchasing an additional 68 shares in the last quarter. Eagle Bluffs Wealth Management LLC grew its position in shares of Target by 1.1% in the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock valued at $1,063,000 after purchasing an additional 73 shares during the period. Finally, Proffitt & Goodson Inc. increased its stake in Target by 2.2% during the 3rd quarter. Proffitt & Goodson Inc. now owns 3,460 shares of the retailer’s stock worth $539,000 after purchasing an additional 73 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Price Performance

Target stock opened at $124.40 on Monday. The company has a market capitalization of $57.00 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 1.94 and a beta of 1.15. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The stock’s 50 day moving average is $134.41 and its 200-day moving average is $142.80.

Target Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Roth Mkm cut their price target on shares of Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. Piper Sandler cut their price objective 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. StockNews.com upgraded Target from a “hold” rating to a “buy” rating in a report on Saturday. Telsey Advisory Group restated an “outperform” rating and issued a $150.00 price target on shares of Target in a report on Friday, January 17th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Target in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Target presently has an average rating of “Hold” and an average target price of $157.70.

Target Company 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.