First National Trust Co Trims Holdings in Target Co. (TGT)

First National Trust Co cut its holdings in shares of Target Co. (NYSE:TGT) by 8.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,846 shares of the retailer’s stock after selling 2,309 shares during the quarter. First National Trust Co’s holdings in Target were worth $2,103,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd acquired a new stake in shares of Target in the 3rd quarter valued at $104,000. Sun Life Financial INC raised its holdings in shares of Target by 739.5% in the 2nd quarter. Sun Life Financial INC now owns 1,444 shares of the retailer’s stock valued at $110,000 after purchasing an additional 1,272 shares in the last quarter. CSat Investment Advisory L.P. acquired a new stake in shares of Target in the 2nd quarter valued at $114,000. Duncker Streett & Co. Inc. raised its holdings in shares of Target by 1,435.0% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 1,535 shares of the retailer’s stock valued at $117,000 after purchasing an additional 1,435 shares in the last quarter. Finally, Squar Milner Financial Services LLC acquired a new stake in shares of Target in the 2nd quarter valued at $129,000. Institutional investors own 83.90% of the company’s stock.

In other Target news, insider Janna A. Potts sold 15,172 shares of the firm’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $88.00, for a total transaction of $1,335,136.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Stephanie A. Lundquist sold 2,100 shares of the firm’s stock in a transaction on Tuesday, October 9th. The stock was sold at an average price of $86.00, for a total transaction of $180,600.00. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

NYSE TGT opened at $84.23 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.17 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $45.15 billion, a P/E ratio of 17.88, a P/E/G ratio of 2.37 and a beta of 0.70. Target Co. has a 12 month low of $54.04 and a 12 month high of $90.39.

Target (NYSE:TGT) last posted its earnings results on Wednesday, August 22nd. The retailer reported $1.47 EPS for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.07. The firm had revenue of $17.78 billion for the quarter, compared to the consensus estimate of $17.33 billion. Target had a net margin of 4.19% and a return on equity of 24.29%. The company’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm posted $1.23 EPS. On average, research analysts forecast that Target Co. will post 5.38 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Wednesday, November 21st will be given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Tuesday, November 20th. Target’s dividend payout ratio (DPR) is 54.35%.

TGT has been the topic of a number of analyst reports. Gordon Haskett upgraded shares of Target from a “hold” rating to an “accumulate” rating in a report on Wednesday, July 25th. Zacks Investment Research upgraded shares of Target from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a report on Tuesday, August 7th. Bank of America set a $90.00 price objective on shares of Target and gave the company a “buy” rating in a report on Wednesday, August 22nd. Barclays raised their price objective on shares of Target from $70.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, August 23rd. Finally, Stifel Nicolaus raised their price objective on shares of Target from $85.00 to $93.00 and gave the company a “hold” rating in a report on Thursday, August 23rd. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $87.68.

Target Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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