Okabena Investment Services Inc. Has $22.51 Million Holdings in Target Co. (NYSE:TGT)

Okabena Investment Services Inc. grew its position in shares of Target Co. (NYSE:TGT) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 166,502 shares of the retailer’s stock after purchasing an additional 7,727 shares during the quarter. Target makes up about 6.3% of Okabena Investment Services Inc.’s investment portfolio, making the stock its 3rd largest position. Okabena Investment Services Inc.’s holdings in Target were worth $22,508,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Townsquare Capital LLC increased its holdings in shares of Target by 24.5% in the third quarter. Townsquare Capital LLC now owns 8,182 shares of the retailer’s stock worth $1,275,000 after buying an additional 1,612 shares during the period. Cynosure Group LLC increased its stake in Target by 4.3% in the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after purchasing an additional 65 shares during the period. CreativeOne Wealth LLC lifted its position in Target by 31.3% in the third quarter. CreativeOne Wealth LLC now owns 5,877 shares of the retailer’s stock valued at $916,000 after purchasing an additional 1,402 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Target by 1.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 204,885 shares of the retailer’s stock worth $31,933,000 after purchasing an additional 2,877 shares during the last quarter. Finally, Fiduciary Trust Co increased its stake in shares of Target by 2.1% in the third quarter. Fiduciary Trust Co now owns 19,708 shares of the retailer’s stock worth $3,072,000 after buying an additional 406 shares during the period. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on TGT shares. Stifel Nicolaus lowered their price objective on shares of Target from $130.00 to $120.00 and set a “hold” rating for the company in a research note on Thursday, March 20th. Truist Financial cut their price objective on Target from $134.00 to $124.00 and set a “hold” rating on the stock in a research report on Wednesday, March 5th. KGI Securities set a $132.00 price target on Target in a research note on Wednesday, March 5th. DA Davidson decreased their price objective on shares of Target from $153.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Finally, Piper Sandler cut their target price on shares of Target from $132.00 to $124.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Target has a consensus rating of “Hold” and an average price target of $143.40.

Target Price Performance

NYSE TGT opened at $103.63 on Friday. The stock has a market cap of $47.21 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 1.94 and a beta of 1.18. Target Co. has a 12 month low of $101.76 and a 12 month high of $181.86. The company’s 50 day moving average is $122.96 and its two-hundred day moving average is $136.54. 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 (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating the consensus estimate of $2.24 by $0.17. The business had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. As a group, research analysts anticipate that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.32%. Target’s payout ratio is 50.56%.

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.