First National Bank Sioux Falls Sells 700 Shares of Target Co. (NYSE:TGT)

First National Bank Sioux Falls trimmed its position in shares of Target Co. (NYSE:TGT) by 19.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,962 shares of the retailer’s stock after selling 700 shares during the quarter. First National Bank Sioux Falls’ holdings in Target were worth $462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of TGT. Norden Group LLC lifted its holdings in shares of Target by 17.2% during the 1st quarter. Norden Group LLC now owns 2,229 shares of the retailer’s stock valued at $395,000 after buying an additional 327 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Target by 90.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 159,562 shares of the retailer’s stock worth $27,057,000 after purchasing an additional 75,594 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its holdings in Target by 10.8% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,672 shares of the retailer’s stock worth $2,068,000 after purchasing an additional 1,134 shares during the period. Choreo LLC raised its holdings in Target by 2.3% in the 1st quarter. Choreo LLC now owns 15,841 shares of the retailer’s stock worth $2,807,000 after purchasing an additional 354 shares during the period. Finally, Bryn Mawr Capital Management LLC raised its holdings in Target by 18.2% in the 1st quarter. Bryn Mawr Capital Management LLC now owns 6,918 shares of the retailer’s stock worth $1,226,000 after purchasing an additional 1,067 shares during the period. 79.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TGT shares. TD Cowen raised their target price on Target from $165.00 to $180.00 and gave the stock a “hold” rating in a report on Thursday, August 22nd. StockNews.com cut Target from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 24th. Melius Research started coverage on Target in a report on Monday, September 23rd. They issued a “buy” rating and a $180.00 target price on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $180.00 target price on shares of Target in a report on Wednesday, August 21st. Finally, Royal Bank of Canada increased their price target on Target from $174.00 to $177.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $179.47.

Target Trading Up 0.5 %

TGT traded up $0.80 on Friday, hitting $150.84. The company had a trading volume of 2,453,210 shares, compared to its average volume of 3,218,801. The company has a quick ratio of 0.27, a current ratio of 0.90 and a debt-to-equity ratio of 0.95. The company has a market cap of $69.49 billion, a PE ratio of 15.58, a PEG ratio of 1.94 and a beta of 1.24. Target Co. has a 12-month low of $105.23 and a 12-month high of $181.86. The business’s fifty day simple moving average is $153.04 and its 200 day simple moving average is $151.32.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.39. The business had revenue of $25.02 billion during the quarter, compared to the consensus estimate of $25.19 billion. Target had a net margin of 4.18% and a return on equity of 33.10%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.80 earnings per share. Equities research analysts expect that Target Co. will post 9.54 EPS for the current year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be paid a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s payout ratio is currently 46.28%.

Insiders Place Their Bets

In other news, CAO Matthew A. Liegel sold 1,000 shares of Target stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $153.13, for a total transaction of $153,130.00. Following the completion of the sale, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CAO Matthew A. Liegel sold 1,000 shares of Target stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $153.13, for a total transaction of $153,130.00. Following the completion of the sale, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the sale, the insider now directly owns 303,843 shares of the company’s stock, valued at $48,210,768.81. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,348 shares of company stock valued at $8,290,995 over the last 90 days. Insiders own 0.15% of the company’s stock.

Target Company 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.