Country Club Bank reduced its holdings in Target Corporation (NYSE:TGT - Free Report) by 28.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,476 shares of the retailer's stock after selling 13,496 shares during the period. Country Club Bank's holdings in Target were worth $3,573,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the business. Bernard Wealth Management Corp. acquired a new stake in shares of Target in the fourth quarter worth approximately $30,000. Hopwood Financial Services Inc. acquired a new stake in shares of Target in the fourth quarter worth approximately $29,000. Legacy Investment Solutions LLC boosted its stake in shares of Target by 47.5% in the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock worth $35,000 after acquiring an additional 85 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of Target in the fourth quarter worth approximately $40,000. Finally, Wintrust Investments LLC boosted its stake in shares of Target by 56.9% in the fourth quarter. Wintrust Investments LLC now owns 342 shares of the retailer's stock worth $46,000 after acquiring an additional 124 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
TGT has been the topic of a number of analyst reports. Baird R W downgraded Target from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Citigroup reduced their price objective on Target from $97.00 to $94.00 and set a "neutral" rating on the stock in a research report on Thursday, May 22nd. DA Davidson reduced their price objective on Target from $140.00 to $125.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Royal Bank Of Canada reduced their target price on Target from $112.00 to $103.00 and set an "outperform" rating on the stock in a research report on Thursday, May 22nd. Finally, Piper Sandler set a $94.00 target price on Target and gave the company a "neutral" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, twenty-five have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $116.70.
Get Our Latest Report on TGT
Target Stock Down 0.5%
Shares of NYSE:TGT traded down $0.48 on Friday, hitting $104.26. 3,863,821 shares of the company's stock were exchanged, compared to its average volume of 6,269,118. The firm's 50-day moving average is $97.55 and its 200 day moving average is $110.97. The company has a market capitalization of $47.37 billion, a PE ratio of 11.46, a P/E/G ratio of 3.00 and a beta of 1.22. Target Corporation has a 1-year low of $87.35 and a 1-year high of $167.40. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.25 and a current ratio of 0.94.
Target (NYSE:TGT - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The retailer reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.35). The business had revenue of $24.20 billion for the quarter, compared to analyst estimates of $24.54 billion. Target had a return on equity of 25.59% and a net margin of 3.95%. The company's revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.03 earnings per share. Sell-side analysts predict that Target Corporation will post 8.69 EPS for the current year.
Target Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, September 1st. Investors of record on Wednesday, August 13th will be given a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.30%. Target's dividend payout ratio (DPR) is presently 49.23%.
Insider Activity
In related news, insider Brian C. Cornell sold 45,000 shares of the company's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $96.18, for a total value of $4,328,100.00. Following the completion of the sale, the insider directly owned 246,453 shares of the company's stock, valued at $23,703,849.54. This represents a 15.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is currently owned by company insiders.
About Target
(
Free Report)
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.
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