Texas Bank & Trust Co Takes $1.17 Million Position in Target Co. (NYSE:TGT)

Texas Bank & Trust Co purchased a new stake in shares of Target Co. (NYSE:TGT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,682 shares of the retailer’s stock, valued at approximately $1,174,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Tidal Investments LLC grew its holdings in shares of Target by 19.5% during the fourth quarter. Tidal Investments LLC now owns 46,347 shares of the retailer’s stock valued at $6,265,000 after buying an additional 7,573 shares in the last quarter. Trace Wealth Advisors LLC purchased a new position in shares of Target during the fourth quarter valued at $203,000. Strategic Global Advisors LLC purchased a new position in shares of Target during the fourth quarter valued at $4,290,000. Strategic Wealth Partners Ltd. grew its stake in Target by 1,092.8% in the fourth quarter. Strategic Wealth Partners Ltd. now owns 51,098 shares of the retailer’s stock valued at $6,570,000 after purchasing an additional 46,814 shares in the last quarter. Finally, Strive Asset Management LLC purchased a new position in Target in the fourth quarter valued at about $547,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on TGT shares. Sanford C. Bernstein downgraded Target from a “market perform” rating to an “underperform” rating and lowered their target price for the company from $97.00 to $82.00 in a research note on Monday, May 12th. Stifel Nicolaus lowered their target price on Target from $130.00 to $120.00 and set a “hold” rating on the stock in a research note on Thursday, March 20th. Oppenheimer lowered their target price on Target from $165.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. StockNews.com downgraded Target from a “buy” rating to a “hold” rating in a research note on Tuesday, April 22nd. Finally, KGI Securities set a $132.00 target price on Target in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $128.13.

Target Trading Up 1.5%

Target stock opened at $98.56 on Friday. The business has a 50 day moving average price of $98.24 and a two-hundred day moving average price of $121.85. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The stock has a market cap of $44.78 billion, a price-to-earnings ratio of 10.45, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27. Target Co. has a 12 month low of $87.35 and a 12 month high of $167.40.

Target (NYSE:TGT) last released its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. As a group, equities analysts forecast that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be paid a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.55%. Target’s dividend payout ratio is currently 50.56%.

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.