NBT Bank N A NY Has $2.97 Million Holdings in Target Co. (NYSE:TGT)

NBT Bank N A NY decreased its position in shares of Target Co. (NYSE:TGT) by 0.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,452 shares of the retailer’s stock after selling 269 shares during the period. NBT Bank N A NY’s holdings in Target were worth $2,969,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Robertson Stephens Wealth Management LLC grew its position in Target by 7.0% during the 1st quarter. Robertson Stephens Wealth Management LLC now owns 5,593 shares of the retailer’s stock worth $584,000 after acquiring an additional 365 shares during the last quarter. Inscription Capital LLC acquired a new position in Target in the first quarter worth $1,661,000. Signature Wealth Management Group grew its holdings in shares of Target by 12.8% during the first quarter. Signature Wealth Management Group now owns 28,527 shares of the retailer’s stock worth $2,977,000 after purchasing an additional 3,243 shares during the last quarter. Precedent Wealth Partners LLC grew its holdings in shares of Target by 29.2% during the first quarter. Precedent Wealth Partners LLC now owns 10,339 shares of the retailer’s stock worth $1,079,000 after purchasing an additional 2,335 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Target by 19.1% in the first quarter. Janney Montgomery Scott LLC now owns 345,697 shares of the retailer’s stock valued at $36,077,000 after buying an additional 55,555 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on TGT shares. JPMorgan Chase & Co. upped their price target on shares of Target from $105.00 to $109.00 and gave the stock a “neutral” rating in a research report on Thursday, May 22nd. DA Davidson reduced their target price on shares of Target from $140.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, May 22nd. Wall Street Zen cut shares of Target from a “buy” rating to a “hold” rating in a research note on Tuesday, April 22nd. Cfra Research cut shares of Target from a “moderate buy” rating to a “hold” rating in a research report on Thursday, April 17th. Finally, Stifel Nicolaus reduced their price objective on Target from $130.00 to $120.00 and set a “hold” rating on the stock in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $116.70.

Insider Buying and Selling at Target

In other news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $96.18, for a total transaction of $4,328,100.00. Following the completion of the sale, the insider now owns 246,453 shares of the company’s stock, valued at $23,703,849.54. This represents a 15.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.16% of the company’s stock.

Target Trading Up 2.1%

Shares of NYSE TGT opened at $97.37 on Tuesday. Target Co. has a twelve month low of $87.35 and a twelve month high of $167.40. The stock has a market cap of $44.24 billion, a price-to-earnings ratio of 10.33, a P/E/G ratio of 1.94 and a beta of 1.22. 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 company’s fifty day moving average is $95.65 and its 200-day moving average is $114.78.

Target (NYSE:TGT) last posted its earnings results on Wednesday, May 21st. The retailer reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.35). Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $24.20 billion for the quarter, compared to the consensus estimate of $24.54 billion. During the same quarter in the prior year, the firm posted $2.03 earnings per share. The business’s revenue was down 2.8% on a year-over-year basis. Equities research analysts predict that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Wednesday, August 13th will be issued a dividend of $1.12 per share. The ex-dividend date is Wednesday, August 13th. This represents a $4.48 annualized dividend and a yield of 4.60%. Target’s dividend payout ratio (DPR) is currently 50.11%.

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.