Target Co. (NYSE:TGT) Shares Sold by OLD Point Trust & Financial Services N A

OLD Point Trust & Financial Services N A lessened its holdings in shares of Target Co. (NYSE:TGTFree Report) by 0.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,247 shares of the retailer’s stock after selling 111 shares during the quarter. OLD Point Trust & Financial Services N A’s holdings in Target were worth $2,029,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TGT. Private Wealth Management Group LLC acquired a new stake in Target in the fourth quarter valued at approximately $29,000. Rakuten Securities Inc. acquired a new stake in shares of Target during the fourth quarter worth approximately $29,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of Target during the fourth quarter worth approximately $33,000. Partnership Wealth Management LLC acquired a new stake in shares of Target during the fourth quarter worth approximately $40,000. Finally, Pingora Partners LLC acquired a new stake in shares of Target during the fourth quarter worth approximately $43,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Tigress Financial raised their price target on shares of Target from $180.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Royal Bank of Canada decreased their price target on shares of Target from $191.00 to $181.00 and set an “outperform” rating for the company in a research report on Thursday, May 23rd. DA Davidson raised their price objective on Target from $167.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. BNP Paribas started coverage on Target in a research note on Monday, June 3rd. They set an “underperform” rating and a $116.00 price objective on the stock. Finally, BMO Capital Markets reduced their price objective on Target from $170.00 to $155.00 and set a “market perform” rating on the stock in a research note on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.11.

Check Out Our Latest Stock Report on Target

Target Trading Up 0.6 %

TGT traded up $0.87 during trading on Friday, reaching $146.00. The company had a trading volume of 3,110,844 shares, compared to its average volume of 4,880,346. The firm’s 50-day simple moving average is $160.30 and its 200 day simple moving average is $151.91. The company has a market cap of $67.55 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 1.36 and a beta of 1.20. Target Co. has a 12-month low of $102.93 and a 12-month high of $181.86. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.27 and a current ratio of 0.86.

Target (NYSE:TGTGet Free Report) last issued its quarterly earnings results on Wednesday, May 22nd. The retailer reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.02). The company had revenue of $24.14 billion during the quarter, compared to analysts’ expectations of $24.52 billion. Target had a return on equity of 31.91% and a net margin of 3.87%. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.05 EPS. Equities research analysts anticipate that Target Co. will post 9.32 earnings per share for the current year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, May 14th. This represents a $4.40 dividend on an annualized basis and a yield of 3.01%. Target’s payout ratio is presently 49.38%.

Insiders Place Their Bets

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

Target Profile

(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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Institutional Ownership by Quarter for Target (NYSE:TGT)

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