Central Bank & Trust Co. Has $1.13 Million Stock Position in Target Co. (NYSE:TGT)

Central Bank & Trust Co. grew its holdings in Target Co. (NYSE:TGT - Free Report) by 406.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,847 shares of the retailer's stock after purchasing an additional 8,706 shares during the period. Central Bank & Trust Co.'s holdings in Target were worth $1,132,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Wedge Capital Management L L P NC acquired a new position in shares of Target in the first quarter valued at approximately $4,154,000. Park Avenue Securities LLC lifted its stake in Target by 21.3% in the first quarter. Park Avenue Securities LLC now owns 16,201 shares of the retailer's stock valued at $1,691,000 after buying an additional 2,850 shares during the last quarter. Kennebec Savings Bank boosted its stake in shares of Target by 6.0% during the first quarter. Kennebec Savings Bank now owns 4,397 shares of the retailer's stock worth $459,000 after buying an additional 248 shares during the period. Wynn Capital LLC lifted its holdings in shares of Target by 30.5% during the first quarter. Wynn Capital LLC now owns 8,083 shares of the retailer's stock worth $844,000 after purchasing an additional 1,890 shares during the period. Finally, NavPoint Financial Inc. boosted its holdings in Target by 6.3% in the 1st quarter. NavPoint Financial Inc. now owns 15,390 shares of the retailer's stock valued at $1,606,000 after purchasing an additional 915 shares in the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Morgan Stanley decreased their price target on Target from $160.00 to $112.00 and set an "overweight" rating on the stock in a research note on Thursday, May 22nd. Truist Financial upped their price target on Target from $82.00 to $90.00 and gave the stock a "hold" rating in a research note on Thursday, May 22nd. The Goldman Sachs Group reduced their price target on Target from $101.00 to $90.00 and set a "neutral" rating on the stock in a research report on Thursday, May 22nd. KGI Securities set a $132.00 target price on Target in a research note on Wednesday, March 5th. Finally, Guggenheim decreased their price objective on shares of Target from $155.00 to $115.00 and set a "buy" rating for the company in a report on Tuesday, May 27th. One equities research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $116.70.

Target Price Performance

Target stock traded up $0.04 during mid-day trading on Monday, hitting $97.36. The company's stock had a trading volume of 6,294,761 shares, compared to its average volume of 6,062,340. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. Target Co. has a twelve month low of $87.35 and a twelve month high of $167.40. The stock has a market capitalization of $44.24 billion, a P/E ratio of 10.32, a P/E/G ratio of 1.94 and a beta of 1.22. The stock's fifty day moving average price is $95.24 and its two-hundred day moving average price is $116.08.

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

Target Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th were given a dividend of $1.12 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.60%. Target's payout ratio is currently 49.23%.

Insider Buying and Selling at Target

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

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.