First National Trust Co Has $2.39 Million Stock Position in Target Co. (NYSE:TGT)

First National Trust Co cut its position in Target Co. (NYSE:TGT) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,807 shares of the retailer’s stock after selling 137 shares during the quarter. First National Trust Co’s holdings in Target were worth $2,394,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. AJOVista LLC acquired a new position in shares of Target during the 4th quarter worth about $134,000. VeraBank N.A. bought a new position in Target in the 4th quarter worth approximately $230,000. Sapient Capital LLC acquired a new position in shares of Target during the fourth quarter worth approximately $343,000. Axxcess Wealth Management LLC boosted its position in shares of Target by 229.1% in the fourth quarter. Axxcess Wealth Management LLC now owns 15,117 shares of the retailer’s stock valued at $2,153,000 after acquiring an additional 10,524 shares during the period. Finally, U.S. Capital Wealth Advisors LLC grew its stake in shares of Target by 278.3% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 70,635 shares of the retailer’s stock worth $10,060,000 after acquiring an additional 51,961 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Transactions at Target

In other Target news, insider Christina Hennington sold 4,600 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $170.88, for a total transaction of $786,048.00. Following the transaction, the insider now owns 38,487 shares in the company, valued at $6,576,658.56. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Target news, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the sale, the insider now directly owns 346,919 shares in the company, valued at approximately $58,115,870.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christina Hennington sold 4,600 shares of the stock in a transaction dated 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 of the company’s stock, 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 in the last three months. Insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Jefferies Financial Group increased their price target on shares of Target from $195.00 to $205.00 and gave the company a “buy” rating in a report on Monday, April 1st. Oppenheimer increased their target price on shares of Target from $160.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. The Goldman Sachs Group boosted their price target on Target from $176.00 to $194.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Tigress Financial raised their price objective on Target from $180.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Finally, Telsey Advisory Group boosted their price objective on Target from $160.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Eleven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $181.85.

Target Trading Down 0.1 %

Shares of NYSE TGT traded down $0.08 during midday trading on Friday, hitting $158.04. The stock had a trading volume of 3,802,181 shares, compared to its average volume of 2,973,106. The firm has a market cap of $73.11 billion, a P/E ratio of 17.70, a price-to-earnings-growth ratio of 1.48 and a beta of 1.17. Target Co. has a fifty-two week low of $102.93 and a fifty-two week high of $181.86. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.91 and a quick ratio of 0.29. The company’s 50-day simple moving average is $166.46 and its 200 day simple moving average is $144.72.

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

Target Dividend Announcement

The business also recently declared 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. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s dividend payout ratio (DPR) is currently 49.27%.

About Target

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.