Community Bank N.A. Boosts Stock Position in Target Co. (NYSE:TGT)

Community Bank N.A. boosted its holdings in shares of Target Co. (NYSE:TGT) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,292 shares of the retailer’s stock after acquiring an additional 387 shares during the quarter. Community Bank N.A.’s holdings in Target were worth $2,748,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TGT. Impact Partnership Wealth LLC lifted its holdings in shares of Target by 106.6% in the 3rd quarter. Impact Partnership Wealth LLC now owns 405 shares of the retailer’s stock worth $45,000 after buying an additional 209 shares during the period. Park Place Capital Corp lifted its holdings in shares of Target by 132.1% in the 3rd quarter. Park Place Capital Corp now owns 1,272 shares of the retailer’s stock worth $141,000 after buying an additional 724 shares during the period. Avior Wealth Management LLC lifted its holdings in shares of Target by 22.6% in the 3rd quarter. Avior Wealth Management LLC now owns 3,424 shares of the retailer’s stock worth $379,000 after buying an additional 632 shares during the period. Founders Financial Securities LLC purchased a new stake in shares of Target in the 3rd quarter worth $314,000. Finally, Newbridge Financial Services Group Inc. lifted its holdings in shares of Target by 26.9% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 2,874 shares of the retailer’s stock worth $318,000 after buying an additional 610 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

TGT has been the subject of several research reports. Gordon Haskett upped their target price on Target from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Bank of America upped their price objective on Target from $160.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. BMO Capital Markets upped their price objective on Target from $145.00 to $170.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 6th. Stifel Nicolaus upped their price objective on Target from $153.00 to $177.00 and gave the stock a “hold” rating in a research note on Wednesday, March 6th. Finally, Wells Fargo & Company upped their price objective on Target from $165.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Eleven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, Target currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.85.

Target Stock Performance

Shares of TGT stock traded down $1.14 during mid-day trading on Wednesday, reaching $165.37. The stock had a trading volume of 2,630,551 shares, compared to its average volume of 3,722,639. The business’s fifty day moving average is $164.85 and its 200-day moving average is $142.46. The company has a current ratio of 0.91, a quick ratio of 0.29 and a debt-to-equity ratio of 1.11. The firm has a market cap of $76.35 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 1.57 and a beta of 1.14. Target Co. has a 1-year low of $102.93 and a 1-year high of $181.86.

Target (NYSE:TGT) last issued its earnings results on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.57. Target had a return on equity of 33.41% and a net margin of 3.85%. The firm had revenue of $31.47 billion for the quarter, compared to the consensus estimate of $31.83 billion. During the same quarter in the prior year, the business earned $1.89 earnings per share. The company’s revenue was up 1.6% compared to the same quarter last year. On average, research analysts forecast that Target Co. will post 9.39 earnings per share for the current year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.66%. Target’s payout ratio is 49.27%.

Insider Transactions at Target

In other news, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $167.52, for a total value of $7,538,400.00. Following the sale, the insider now owns 346,919 shares in the company, valued at $58,115,870.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Target news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the transaction, the insider now owns 346,919 shares in the company, valued at $58,115,870.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christina Hennington sold 4,600 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $170.88, for a total value of $786,048.00. Following the transaction, the insider now owns 38,487 shares in the company, valued at approximately $6,576,658.56. The disclosure for this sale can be found here. Insiders have sold 52,600 shares of company stock worth $8,819,598 over the last quarter. 0.23% of the stock is currently owned by insiders.

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.