UMB Bank n.a. Decreases Stock Holdings in Target Co. (NYSE:TGT)

UMB Bank n.a. lessened its holdings in Target Co. (NYSE:TGTFree Report) by 10.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,803 shares of the retailer’s stock after selling 5,636 shares during the quarter. UMB Bank n.a.’s holdings in Target were worth $6,808,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TGT. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Target by 3,577.5% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,471 shares of the retailer’s stock worth $312,000 after purchasing an additional 1,431 shares during the last quarter. Zions Bancorporation N.A. raised its holdings in Target by 3.3% during the first quarter. Zions Bancorporation N.A. now owns 3,045 shares of the retailer’s stock worth $646,000 after purchasing an additional 96 shares in the last quarter. Covestor Ltd lifted its position in shares of Target by 131.7% during the 1st quarter. Covestor Ltd now owns 702 shares of the retailer’s stock worth $149,000 after buying an additional 399 shares during the last quarter. Merit Financial Group LLC acquired a new position in shares of Target in the 1st quarter valued at $208,000. Finally, Ergoteles LLC grew its position in shares of Target by 191.5% in the 1st quarter. Ergoteles LLC now owns 11,794 shares of the retailer’s stock valued at $2,503,000 after buying an additional 7,748 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Target news, insider Melissa K. Kremer sold 3,000 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $165.05, for a total value of $495,150.00. Following the sale, the insider now owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the completion of the transaction, the insider now directly owns 346,919 shares of the company’s stock, valued at approximately $58,115,870.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Melissa K. Kremer sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total value of $495,150.00. Following the completion of the sale, the insider now directly owns 30,527 shares in the company, valued at approximately $5,038,481.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,600 shares of company stock valued at $8,819,598. 0.23% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TGT. Truist Financial boosted their price target on shares of Target from $142.00 to $160.00 and gave the company a “hold” rating in a research report on Wednesday, March 6th. Citigroup boosted their target price on Target from $142.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, March 6th. The Goldman Sachs Group raised their price target on Target from $176.00 to $194.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. BMO Capital Markets boosted their price objective on Target from $145.00 to $170.00 and gave the company a “market perform” rating in a research note on Wednesday, March 6th. Finally, Roth Mkm increased their price objective on Target from $140.00 to $153.00 and gave the company a “neutral” rating in a report on Wednesday, March 6th. Eleven investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $180.12.

Get Our Latest Report on Target

Target Trading Down 0.9 %

Shares of TGT stock opened at $176.24 on Wednesday. The firm has a market capitalization of $81.37 billion, a PE ratio of 19.74, a P/E/G ratio of 1.67 and a beta of 1.14. Target Co. has a 1-year low of $102.93 and a 1-year high of $181.86. The business’s fifty day moving average price is $156.27 and its 200 day moving average price is $135.87. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.91 and a quick ratio of 0.29.

Target (NYSE:TGTGet Free Report) last announced its quarterly earnings data on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, beating the consensus estimate of $2.41 by $0.57. Target had a net margin of 3.85% and a return on equity of 33.41%. The firm had revenue of $31.47 billion during the quarter, compared to analysts’ expectations of $31.83 billion. During the same quarter last year, the business earned $1.89 earnings per share. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Target Co. will post 9.39 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s payout ratio is currently 49.27%.

Target Company Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Target (NYSE:TGT)

Receive News & Ratings for Target Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target and related companies with MarketBeat.com's FREE daily email newsletter.