First Horizon Advisors Inc. Has $1.82 Million Holdings in Target Co. (NYSE:TGT)

First Horizon Advisors Inc. lessened its stake in shares of Target Co. (NYSE:TGT) by 11.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,471 shares of the retailer’s stock after selling 1,764 shares during the quarter. First Horizon Advisors Inc.’s holdings in Target were worth $1,821,000 as of its most recent filing with the SEC.

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

Target Stock Performance

Target stock opened at $124.40 on Monday. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The company’s 50-day moving average is $134.41 and its two-hundred day moving average is $142.80. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The company has a market cap of $57.00 billion, a PE ratio of 13.19, a PEG ratio of 1.94 and a beta of 1.15.

Target Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TGT shares. Wells Fargo & Company lowered their price target on Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Gordon Haskett lowered Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. BMO Capital Markets cut their price target on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a report on Thursday, November 21st. Hsbc Global Res downgraded Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Sanford C. Bernstein boosted their price target on shares of Target from $139.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Target has a consensus rating of “Hold” and an average price target 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.