Colonial Trust Co SC Acquires 119 Shares of Target Co. (NYSE:TGT)

Colonial Trust Co SC boosted its holdings in Target Co. (NYSE:TGT) by 7.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,643 shares of the retailer’s stock after acquiring an additional 119 shares during the quarter. Colonial Trust Co SC’s holdings in Target were worth $222,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC increased its stake in Target by 0.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 156,548 shares of the retailer’s stock valued at $21,162,000 after acquiring an additional 818 shares during the last quarter. ST Germain D J Co. Inc. increased its position in shares of Target by 13.2% during the 4th quarter. ST Germain D J Co. Inc. now owns 6,749 shares of the retailer’s stock valued at $912,000 after purchasing an additional 785 shares during the last quarter. LVM Capital Management Ltd. MI purchased a new position in shares of Target during the 4th quarter valued at about $595,000. HBW Advisory Services LLC lifted its position in Target by 8.1% in the 4th quarter. HBW Advisory Services LLC now owns 17,031 shares of the retailer’s stock worth $2,302,000 after buying an additional 1,282 shares during the last quarter. Finally, Czech National Bank boosted its stake in Target by 6.0% in the fourth quarter. Czech National Bank now owns 99,895 shares of the retailer’s stock worth $13,504,000 after buying an additional 5,618 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Price Performance

Shares of NYSE:TGT opened at $96.95 on Friday. The business has a fifty day moving average price of $100.29 and a 200-day moving average price of $124.17. 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 company has a market capitalization of $44.05 billion, a PE ratio of 10.28, a PEG ratio of 1.94 and a beta of 1.27. Target Co. has a 1-year low of $87.35 and a 1-year high of $167.40.

Target (NYSE:TGT) last issued its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. As a group, equities analysts expect that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.62%. Target’s dividend payout ratio (DPR) is presently 50.56%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TGT shares. Baird R W cut shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 7th. Roth Capital set a $122.00 target price on Target in a research note on Wednesday, March 5th. StockNews.com cut Target from a “buy” rating to a “hold” rating in a research note on Tuesday, April 22nd. The Goldman Sachs Group cut shares of Target from a “buy” rating to a “neutral” rating and cut their target price for the stock from $142.00 to $101.00 in a report on Wednesday, April 16th. Finally, Oppenheimer lowered their price target on shares of Target from $165.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Target has an average rating of “Hold” and a consensus price target of $132.37.

Target 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.