Iowa State Bank Sells 152 Shares of Target Co. (NYSE:TGT)

Iowa State Bank cut its holdings in Target Co. (NYSE:TGTFree Report) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,463 shares of the retailer’s stock after selling 152 shares during the period. Iowa State Bank’s holdings in Target were worth $1,490,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Plancorp LLC raised its position in shares of Target by 2.1% during the 1st quarter. Plancorp LLC now owns 2,520 shares of the retailer’s stock valued at $535,000 after purchasing an additional 53 shares during the period. VisionPoint Advisory Group LLC raised its position in shares of Target by 4.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,887 shares of the retailer’s stock valued at $209,000 after purchasing an additional 80 shares during the period. iA Global Asset Management Inc. raised its position in shares of Target by 0.4% during the 3rd quarter. iA Global Asset Management Inc. now owns 22,760 shares of the retailer’s stock valued at $2,517,000 after purchasing an additional 83 shares during the period. Ballast Inc. raised its position in shares of Target by 0.8% during the 4th quarter. Ballast Inc. now owns 10,988 shares of the retailer’s stock valued at $1,565,000 after purchasing an additional 85 shares during the period. Finally, MidWestOne Financial Group Inc. raised its position in shares of Target by 0.9% during the 1st quarter. MidWestOne Financial Group Inc. now owns 10,200 shares of the retailer’s stock valued at $2,164,000 after purchasing an additional 86 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Target

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

Target Trading Down 0.9 %

Shares of TGT stock traded down $1.58 during trading hours on Tuesday, reaching $176.24. 3,021,775 shares of the stock were exchanged, compared to its average volume of 3,931,066. Target Co. has a 12-month low of $102.93 and a 12-month high of $181.86. The company has a current ratio of 0.91, a quick ratio of 0.29 and a debt-to-equity ratio of 1.11. The company’s 50-day moving average price is $156.27 and its 200-day moving average price is $135.87. The firm has a market capitalization of $81.37 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 1.66 and a beta of 1.14.

Target (NYSE:TGTGet Free Report) last released its quarterly earnings results on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the company earned $1.89 EPS. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, equities analysts anticipate that Target Co. will post 9.39 earnings per share for the current year.

Target Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently commented on TGT. Royal Bank of Canada raised their price objective on shares of Target from $157.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Stifel Nicolaus raised their price objective on shares of Target from $153.00 to $177.00 and gave the company a “hold” rating in a research report on Wednesday, March 6th. JPMorgan Chase & Co. lifted their price target on shares of Target from $125.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Telsey Advisory Group lifted their price target on shares of Target from $160.00 to $195.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Finally, BMO Capital Markets lifted their price target on shares of Target from $145.00 to $170.00 and gave the company a “market perform” rating in a report on Wednesday, March 6th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $180.12.

Check Out Our Latest Analysis on TGT

Target 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.

Further Reading

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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