Lcnb Corp Increases Holdings in Target Corporation (NYSE:TGT)

Lcnb Corp boosted its holdings in shares of Target Corporation (NYSE:TGT) by 27.6% during the first quarter, Holdings Channel reports. The firm owned 2,341 shares of the retailer’s stock after acquiring an additional 507 shares during the quarter. Lcnb Corp’s holdings in Target were worth $244,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bernard Wealth Management Corp. purchased a new position in Target during the 4th quarter valued at about $29,000. Legacy Investment Solutions LLC grew its holdings in shares of Target by 47.5% during the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer’s stock worth $35,000 after acquiring an additional 85 shares during the period. Heck Capital Advisors LLC purchased a new position in shares of Target during the 4th quarter worth approximately $40,000. Atwood & Palmer Inc. grew its holdings in shares of Target by 951.4% during the 1st quarter. Atwood & Palmer Inc. now owns 389 shares of the retailer’s stock worth $41,000 after acquiring an additional 352 shares during the period. Finally, Abound Financial LLC purchased a new position in shares of Target during the 1st quarter worth approximately $43,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Insider Buying and Selling

In related news, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $96.18, for a total value of $4,328,100.00. Following the transaction, the insider directly owned 246,453 shares of the company’s stock, valued at approximately $23,703,849.54. This trade represents a 15.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

TGT has been the topic of a number of research analyst reports. Guggenheim reduced their target price on Target from $155.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, May 27th. Loop Capital set a $95.00 target price on Target in a report on Thursday, July 17th. Cfra Research downgraded Target from a “moderate buy” rating to a “hold” rating in a report on Thursday, April 17th. Truist Financial upped their target price on Target from $82.00 to $90.00 and gave the stock a “hold” rating in a report on Thursday, May 22nd. Finally, BMO Capital Markets reduced their target price on Target from $100.00 to $95.00 and set a “market perform” rating on the stock in a report on Thursday, May 22nd. Three investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $115.65.

Target Price Performance

NYSE TGT opened at $105.45 on Friday. The business’s fifty day moving average price is $100.79 and its 200-day moving average price is $106.30. The stock has a market capitalization of $47.91 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 3.02 and a beta of 1.22. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.94 and a quick ratio of 0.25. Target Corporation has a 1-year low of $87.35 and a 1-year high of $167.40.

Target (NYSE:TGT) last released its quarterly 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). The firm had revenue of $24.20 billion for the quarter, compared to the consensus estimate of $24.54 billion. Target had a net margin of 3.95% and a return on equity of 25.59%. Target’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.03 earnings per share. On average, equities analysts predict that Target Corporation will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 1st. Investors of record on Wednesday, August 13th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, August 13th. Target’s dividend payout ratio (DPR) is currently 49.23%.

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.