AT Bancorp Sells 3,609 Shares of Target Co. (TGT)

AT Bancorp cut its holdings in shares of Target Co. (NYSE:TGT) by 19.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 14,571 shares of the retailer’s stock after selling 3,609 shares during the quarter. AT Bancorp’s holdings in Target were worth $951,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of TGT. Heritage Trust Co increased its stake in Target by 129.7% during the third quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock worth $105,000 after purchasing an additional 1,000 shares during the period. SevenBridge Financial Group LLC grew its position in shares of Target by 2,200.0% during the third quarter. SevenBridge Financial Group LLC now owns 1,909 shares of the retailer’s stock worth $113,000 after buying an additional 1,826 shares in the last quarter. Security Asset Management acquired a new position in shares of Target during the fourth quarter worth about $115,000. First Mercantile Trust Co. acquired a new position in shares of Target during the fourth quarter worth about $124,000. Finally, Jacobi Capital Management LLC grew its position in shares of Target by 109.8% during the third quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer’s stock worth $141,000 after buying an additional 1,310 shares in the last quarter. Institutional investors own 87.36% of the company’s stock.

A number of equities analysts have recently commented on the company. Zacks Investment Research raised Target from a “hold” rating to a “strong-buy” rating and set a $88.00 price objective for the company in a research report on Saturday, January 20th. MKM Partners set a $93.00 price objective on Target and gave the stock a “buy” rating in a research report on Friday, January 12th. Vetr downgraded Target from a “hold” rating to a “sell” rating and set a $70.45 price objective for the company. in a research report on Thursday, January 11th. Deutsche Bank raised Target from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $57.00 to $70.00 in a research report on Wednesday, January 10th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $75.00 price objective on shares of Target in a research report on Thursday, January 11th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Target has an average rating of “Hold” and a consensus price target of $66.88.

In other news, insider Stephanie A. Lundquist sold 3,000 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $78.08, for a total value of $234,240.00. Following the completion of the sale, the insider now directly owns 16,906 shares of the company’s stock, valued at $1,320,020.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Roxanne S. Austin sold 4,705 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $62.61, for a total value of $294,580.05. The disclosure for this sale can be found here. Insiders sold 16,262 shares of company stock valued at $1,185,484 over the last ninety days. 0.20% of the stock is currently owned by corporate insiders.

Target Co. (TGT) opened at $73.25 on Thursday. The company has a quick ratio of 0.27, a current ratio of 0.96 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $39,820.00, a P/E ratio of 15.39, a P/E/G ratio of 3.34 and a beta of 0.75. Target Co. has a fifty-two week low of $48.56 and a fifty-two week high of $78.70.

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 Zacks’ consensus estimate of $0.86 by $0.05. The firm had revenue of $16.67 billion during the quarter, compared to the consensus estimate of $16.61 billion. Target had a return on equity of 24.09% and a net margin of 3.80%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.04 earnings per share. equities analysts anticipate that Target Co. will post 4.72 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Wednesday, February 21st will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Tuesday, February 20th. Target’s dividend payout ratio (DPR) is 52.10%.

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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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