First National Trust Co lessened its holdings in Target Co. (NYSE:TGT) by 31.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 31,734 shares of the retailer’s stock after selling 14,318 shares during the quarter. First National Trust Co’s holdings in Target were worth $2,070,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Fiera Capital Corp raised its position in Target by 0.4% in the 2nd quarter. Fiera Capital Corp now owns 4,888 shares of the retailer’s stock worth $256,000 after purchasing an additional 19 shares during the period. WealthTrust Fairport LLC raised its position in Target by 1.6% in the 2nd quarter. WealthTrust Fairport LLC now owns 6,051 shares of the retailer’s stock worth $316,000 after purchasing an additional 93 shares during the period. Security National Bank of Sioux City Iowa IA increased its position in shares of Target by 0.8% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 13,341 shares of the retailer’s stock valued at $698,000 after acquiring an additional 102 shares during the period. Hugh Johnson Advisors LLC increased its position in shares of Target by 2.0% in the second quarter. Hugh Johnson Advisors LLC now owns 5,673 shares of the retailer’s stock valued at $297,000 after acquiring an additional 109 shares during the period. Finally, Cheviot Value Management LLC increased its position in shares of Target by 1.5% in the second quarter. Cheviot Value Management LLC now owns 8,483 shares of the retailer’s stock valued at $444,000 after acquiring an additional 126 shares during the period. Institutional investors own 87.43% of the company’s stock.

In related news, Director Roxanne S. Austin sold 4,705 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $62.61, for a total transaction of $294,580.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.20% of the stock is owned by insiders.

Target Co. (TGT) opened at $76.82 on Thursday. Target Co. has a 52-week low of $48.56 and a 52-week high of $77.58. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.27 and a current ratio of 0.96. The stock has a market cap of $41,760.00, a PE ratio of 16.14, a P/E/G ratio of 4.87 and a beta of 0.63.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.05. Target had a net margin of 3.80% and a return on equity of 24.09%. The company had revenue of $16.67 billion for the quarter, compared to analysts’ expectations of $16.61 billion. During the same quarter in the previous year, the company earned $1.04 earnings per share. Target’s quarterly revenue was up 1.4% on a year-over-year basis. research analysts forecast that Target Co. will post 4.72 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Wednesday, February 21st will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Tuesday, February 20th. Target’s dividend payout ratio is currently 52.10%.

A number of equities analysts have issued reports on the stock. MKM Partners set a $93.00 price objective on shares of Target and gave the company a “buy” rating in a research report on Friday, January 12th. Vetr cut shares of Target from a “hold” rating to a “sell” rating and set a $70.45 price objective on the stock. in a research report on Thursday, January 11th. Stifel Nicolaus restated a “hold” rating and issued a $75.00 price objective on shares of Target in a research report on Thursday, January 11th. Deutsche Bank upgraded shares of Target from a “neutral” rating to a “positive” rating and boosted their price objective for the company from $57.00 to $70.00 in a research report on Wednesday, January 10th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $75.00 price objective (up previously from $65.00) on shares of Target in a research report on Wednesday, January 10th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the stock. Target has an average rating of “Hold” and an average price target of $66.15.

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Target Profile

Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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