SouthState Corp Has $439,000 Stock Position in Target Co. (NYSE:TGT)

SouthState Corp lessened its stake in Target Co. (NYSE:TGT) by 2.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,081 shares of the retailer’s stock after selling 82 shares during the quarter. SouthState Corp’s holdings in Target were worth $439,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. United Services Automobile Association raised its position in Target by 2.9% in the 3rd quarter. United Services Automobile Association now owns 44,232 shares of the retailer’s stock worth $4,891,000 after purchasing an additional 1,239 shares during the last quarter. RFG Advisory LLC acquired a new position in shares of Target during the fourth quarter valued at $605,000. Tower View Wealth Management LLC boosted its holdings in Target by 82.8% in the third quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock valued at $26,000 after acquiring an additional 106 shares during the last quarter. Nordea Investment Management AB raised its holdings in Target by 4.9% during the 4th quarter. Nordea Investment Management AB now owns 519,634 shares of the retailer’s stock worth $73,819,000 after purchasing an additional 24,066 shares during the last quarter. Finally, Asio Capital LLC lifted its position in Target by 109.9% during the 4th quarter. Asio Capital LLC now owns 27,267 shares of the retailer’s stock valued at $3,883,000 after purchasing an additional 14,274 shares during the period. 79.73% of the stock is owned by institutional investors.

Insider Activity at Target

In other Target news, insider Christina Hennington sold 4,600 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $170.88, for a total transaction of $786,048.00. Following the sale, the insider now directly owns 38,487 shares of the company’s stock, valued at $6,576,658.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Target news, insider Christina Hennington sold 4,600 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $170.88, for a total transaction of $786,048.00. Following the transaction, the insider now owns 38,487 shares of the company’s stock, valued at $6,576,658.56. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Melissa K. Kremer sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total value of $495,150.00. Following the completion of the sale, the insider now owns 30,527 shares in the company, valued at approximately $5,038,481.35. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,600 shares of company stock valued at $8,819,598. 0.23% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TGT shares. DA Davidson lifted their price target on shares of Target from $167.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. HSBC raised Target from a “hold” rating to a “buy” rating and increased their price target for the company from $140.00 to $195.00 in a research note on Wednesday, March 6th. Truist Financial lifted their price objective on Target from $142.00 to $160.00 and gave the stock a “hold” rating in a research note on Wednesday, March 6th. TheStreet raised Target from a “c+” rating to a “b-” rating in a research note on Monday, March 4th. Finally, Wells Fargo & Company boosted their target price on Target from $165.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Eleven investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, Target presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.85.

Target Stock Down 0.1 %

Target stock traded down $0.08 during mid-day trading on Friday, reaching $158.04. The company’s stock had a trading volume of 3,233,931 shares, compared to its average volume of 3,694,137. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.29 and a current ratio of 0.91. Target Co. has a 12 month low of $102.93 and a 12 month high of $181.86. The business’s 50 day simple moving average is $166.33 and its 200 day simple moving average is $144.39. The company has a market capitalization of $73.11 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 1.47 and a beta of 1.17.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 5th. The retailer reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.57. Target had a return on equity of 33.41% and a net margin of 3.85%. The company had revenue of $31.47 billion during the quarter, compared to analysts’ expectations of $31.83 billion. During the same quarter last year, the company earned $1.89 EPS. Target’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, research analysts anticipate that Target Co. will post 9.39 earnings per share for the current year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Tuesday, May 14th. Target’s payout ratio is presently 49.27%.

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.