Farmers & Merchants Investments Inc. Has $7.57 Million Holdings in Target Co. (NYSE:TGT)

Farmers & Merchants Investments Inc. trimmed its position in shares of Target Co. (NYSE:TGT) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,018 shares of the retailer’s stock after selling 2,466 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Target were worth $7,573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in TGT. Atomi Financial Group Inc. lifted its stake in shares of Target by 39.3% in the 3rd quarter. Atomi Financial Group Inc. now owns 3,528 shares of the retailer’s stock valued at $550,000 after purchasing an additional 995 shares during the last quarter. Brookstone Capital Management lifted its position in shares of Target by 6.5% in the third quarter. Brookstone Capital Management now owns 15,021 shares of the retailer’s stock worth $2,341,000 after buying an additional 911 shares during the last quarter. CWM LLC boosted its stake in shares of Target by 9.7% during the 3rd quarter. CWM LLC now owns 62,630 shares of the retailer’s stock worth $9,762,000 after acquiring an additional 5,529 shares in the last quarter. Hexagon Capital Partners LLC increased its holdings in shares of Target by 12.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,344 shares of the retailer’s stock valued at $209,000 after acquiring an additional 153 shares during the last quarter. Finally, Marcum Wealth LLC raised its stake in shares of Target by 4.3% in the 3rd quarter. Marcum Wealth LLC now owns 4,554 shares of the retailer’s stock valued at $710,000 after acquiring an additional 188 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the subject of a number of recent analyst reports. Daiwa Capital Markets cut Target from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $170.00 to $130.00 in a research report on Tuesday, November 26th. Stifel Nicolaus raised their target price on shares of Target from $137.00 to $145.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Sanford C. Bernstein boosted their target price on shares of Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 28th. Truist Financial raised their price target on Target from $129.00 to $134.00 and gave the company a “hold” rating in a research report on Friday, January 17th. Finally, Guggenheim boosted their price objective on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $157.70.

Target Stock Performance

NYSE TGT opened at $131.29 on Friday. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86. The company has a 50 day moving average of $135.22 and a 200-day moving average of $143.84. 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 firm has a market cap of $60.16 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 2.24 and a beta of 1.15.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) 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 the consensus estimate of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.10 EPS. On average, equities analysts forecast that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be given 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 3.41%. Target’s payout ratio is 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.