American National Bank & Trust Sells 3,843 Shares of Target Co. (NYSE:TGT)

American National Bank & Trust trimmed its position in shares of Target Co. (NYSE:TGT - Free Report) by 17.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,211 shares of the retailer's stock after selling 3,843 shares during the quarter. American National Bank & Trust's holdings in Target were worth $1,900,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Hopwood Financial Services Inc. acquired a new position in shares of Target during the fourth quarter worth approximately $29,000. Bernard Wealth Management Corp. acquired a new position in Target in the fourth quarter valued at approximately $29,000. Legacy Investment Solutions LLC lifted its holdings in Target by 47.5% in the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock valued at $35,000 after buying an additional 85 shares during the period. OFI Invest Asset Management acquired a new position in Target in the fourth quarter valued at approximately $36,000. Finally, Hager Investment Management Services LLC acquired a new position in Target in the fourth quarter valued at approximately $39,000. 79.73% of the stock is owned by institutional investors.

Insider Transactions at Target

In other news, insider Brian C. Cornell sold 45,000 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $96.18, for a total transaction of $4,328,100.00. Following the completion of the sale, the insider now owns 246,453 shares of the company's stock, valued at approximately $23,703,849.54. This represents a 15.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.16% of the stock is currently owned by insiders.

Target Stock Performance

NYSE TGT traded down $0.06 during trading on Thursday, reaching $93.88. The company's stock had a trading volume of 2,646,229 shares, compared to its average volume of 6,028,019. 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 capitalization of $42.66 billion, a price-to-earnings ratio of 9.96, a price-to-earnings-growth ratio of 1.94 and a beta of 1.22. Target Co. has a 12 month low of $87.35 and a 12 month high of $167.40. The firm has a 50 day moving average price of $95.60 and a 200 day moving average price of $117.00.

Target (NYSE:TGT - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The retailer reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.65 by ($0.35). The business had revenue of $24.20 billion during the quarter, compared to the consensus estimate of $24.54 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The business's revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.03 EPS. As a group, equities analysts anticipate that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th were issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date of this dividend was Wednesday, May 14th. Target's dividend payout ratio (DPR) is presently 49.23%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Guggenheim cut their target price on shares of Target from $155.00 to $115.00 and set a "buy" rating on the stock in a report on Tuesday, May 27th. Oppenheimer cut their target price on shares of Target from $165.00 to $150.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. DA Davidson cut their target price on shares of Target from $140.00 to $125.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd. Barclays assumed coverage on shares of Target in a report on Thursday, May 22nd. They issued an "equal weight" rating on the stock. Finally, Bank of America lowered shares of Target from a "buy" rating to a "neutral" rating and cut their target price for the stock from $145.00 to $105.00 in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, twenty-five have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $116.70.

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.