Target Co. (NYSE:TGT) Shares Sold by Perkins Coie Trust Co

Perkins Coie Trust Co lowered its position in Target Co. (NYSE:TGTFree Report) by 9.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,804 shares of the retailer’s stock after selling 1,801 shares during the period. Perkins Coie Trust Co’s holdings in Target were worth $3,155,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Harbor Investment Advisory LLC raised its position in shares of Target by 81.5% in the first quarter. Harbor Investment Advisory LLC now owns 1,886 shares of the retailer’s stock worth $334,000 after acquiring an additional 847 shares during the period. Northwest Investment Counselors LLC acquired a new position in shares of Target during the 1st quarter worth about $38,000. High Net Worth Advisory Group LLC raised its position in shares of Target by 16.4% during the 1st quarter. High Net Worth Advisory Group LLC now owns 3,550 shares of the retailer’s stock worth $629,000 after purchasing an additional 500 shares during the last quarter. City Holding Co. raised its position in shares of Target by 4.4% during the 1st quarter. City Holding Co. now owns 19,094 shares of the retailer’s stock worth $3,384,000 after purchasing an additional 808 shares during the last quarter. Finally, Ballentine Partners LLC raised its position in shares of Target by 21.9% during the 1st quarter. Ballentine Partners LLC now owns 11,415 shares of the retailer’s stock worth $2,023,000 after purchasing an additional 2,052 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on TGT shares. Guggenheim upped their price target on shares of Target from $160.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Morgan Stanley reduced their price target on shares of Target from $190.00 to $180.00 and set an “overweight” rating for the company in a research report on Thursday, May 23rd. DA Davidson upped their price target on shares of Target from $167.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Barclays increased their price objective on shares of Target from $142.00 to $169.00 and gave the company an “equal weight” rating in a report on Wednesday, March 6th. Finally, Citigroup upgraded shares of Target from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.61.

Check Out Our Latest Stock Analysis on TGT

Target Trading Up 2.4 %

Shares of NYSE:TGT traded up $3.57 during mid-day trading on Monday, reaching $149.70. 3,933,035 shares of the company were exchanged, compared to its average volume of 3,906,871. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.86 and a quick ratio of 0.27. The firm has a market cap of $69.26 billion, a price-to-earnings ratio of 16.80, a P/E/G ratio of 1.35 and a beta of 1.20. The firm’s 50-day simple moving average is $154.45 and its 200 day simple moving average is $153.02. Target Co. has a 1 year low of $102.93 and a 1 year high of $181.86.

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

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st will be issued a dividend of $1.12 per share. The ex-dividend date is Wednesday, August 21st. This is a positive change from Target’s previous quarterly dividend of $1.10. This represents a $4.48 dividend on an annualized basis and a yield of 2.99%. Target’s dividend payout ratio is 49.38%.

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.

See Also

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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