Target Co. (NYSE:TGT) Shares Sold by First National Bank of Omaha

First National Bank of Omaha lowered its stake in shares of Target Co. (NYSE:TGT) by 7.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 39,788 shares of the retailer’s stock after selling 3,263 shares during the period. First National Bank of Omaha’s holdings in Target were worth $6,201,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cynosure Group LLC lifted its stake in shares of Target by 4.3% in the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after acquiring an additional 65 shares during the period. Financial Advocates Investment Management increased its position in Target by 1.2% during the 3rd quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock worth $894,000 after purchasing an additional 67 shares during the period. Hancock Whitney Corp raised its stake in shares of Target by 3.3% during the 3rd quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock worth $336,000 after buying an additional 68 shares in the last quarter. Beacon Capital Management LLC lifted its holdings in shares of Target by 20.8% in the 2nd quarter. Beacon Capital Management LLC now owns 400 shares of the retailer’s stock valued at $59,000 after buying an additional 69 shares during the period. Finally, Integral Investment Advisors Inc. boosted its stake in shares of Target by 5.3% in the second quarter. Integral Investment Advisors Inc. now owns 1,382 shares of the retailer’s stock valued at $203,000 after buying an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Insider Activity at Target

In other news, insider Richard H. Gomez sold 6,348 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $157.17, for a total value of $997,715.16. Following the transaction, the insider now directly owns 123,551 shares in the company, valued at $19,418,510.67. This trade represents a 4.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.15% of the stock is owned by insiders.

Target Stock Up 2.5 %

TGT opened at $132.39 on Friday. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The business has a 50-day moving average of $146.39 and a two-hundred day moving average of $147.56. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The stock has a market capitalization of $60.66 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 2.13 and a beta of 1.17.

Target (NYSE:TGT) last released its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The company had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Target’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.10 earnings per share. On average, research analysts expect that Target Co. will post 8.6 earnings per share for the current year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio (DPR) is currently 47.51%.

Analysts Set New Price Targets

TGT has been the subject of several research analyst reports. Wells Fargo & Company cut their price objective on Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. TD Cowen reduced their price objective on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. Jefferies Financial Group upped their target price on shares of Target from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. HSBC downgraded shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price target for the company. in a research report on Wednesday, November 20th. Finally, Daiwa Capital Markets cut Target from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $170.00 to $130.00 in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, Target currently has an average rating of “Hold” and a consensus price target of $160.30.

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.