Trust Co. of Oklahoma lessened its holdings in shares of Target Co. (NYSE:TGT) by 3.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,870 shares of the retailer’s stock after selling 139 shares during the quarter. Trust Co. of Oklahoma’s holdings in Target were worth $311,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of TGT. Phocas Financial Corp. acquired a new stake in shares of Target in the 4th quarter valued at about $25,000. CI Investments Inc. bought a new position in Target during the fourth quarter worth about $27,000. Loeb Partners Corp bought a new stake in shares of Target during the fourth quarter worth approximately $28,000. Lindbrook Capital LLC bought a new stake in shares of Target during the fourth quarter worth approximately $32,000. Finally, Eukles Asset Management bought a new stake in shares of Target during the fourth quarter worth approximately $33,000. 83.89% of the stock is currently owned by institutional investors and hedge funds.

Shares of Target stock opened at $80.75 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.20 and a debt-to-equity ratio of 1.08. Target Co. has a twelve month low of $60.15 and a twelve month high of $90.39. The firm has a market capitalization of $41.65 billion, a P/E ratio of 14.98, a price-to-earnings-growth ratio of 2.21 and a beta of 0.68.

Target (NYSE:TGT) last issued its quarterly earnings data on Tuesday, March 5th. The retailer reported $1.53 earnings per share for the quarter, hitting the consensus estimate of $1.53. Target had a net margin of 3.90% and a return on equity of 25.74%. The company had revenue of $22.98 billion for the quarter, compared to analysts’ expectations of $23.05 billion. During the same quarter in the previous year, the firm posted $1.37 earnings per share. Target’s revenue for the quarter was up .0% on a year-over-year basis. As a group, sell-side analysts predict that Target Co. will post 5.79 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be paid a $0.64 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.56 annualized dividend and a dividend yield of 3.17%. Target’s dividend payout ratio is 47.50%.

In related news, insider Cathy R. Smith sold 30,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $74.00, for a total value of $2,220,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael Edward Mcnamara sold 5,186 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $79.18, for a total transaction of $410,627.48. Following the completion of the sale, the insider now directly owns 77,550 shares in the company, valued at approximately $6,140,409. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

TGT has been the subject of a number of research analyst reports. BMO Capital Markets boosted their price objective on Target from $70.00 to $78.00 and gave the stock a “market perform” rating in a report on Wednesday, March 6th. Zacks Investment Research upgraded shares of Target from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research report on Friday, March 8th. Standpoint Research upgraded shares of Target from a “hold” rating to a “buy” rating and set a $62.30 price target for the company in a research report on Wednesday, December 26th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $86.00 target price (down previously from $100.00) on shares of Target in a research note on Monday, January 7th. Finally, Evercore ISI assumed coverage on shares of Target in a research note on Wednesday, March 20th. They set an “in-line” rating and a $80.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $87.25.

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About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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