Enterprise Trust & Investment Co reduced its position in shares of Target Co. (NYSE:TGT) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,550 shares of the retailer’s stock after selling 400 shares during the period. Target accounts for approximately 1.6% of Enterprise Trust & Investment Co’s holdings, making the stock its 15th biggest position. Enterprise Trust & Investment Co’s holdings in Target were worth $3,494,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of TGT. RNC Capital Management LLC raised its stake in shares of Target by 5.3% in the fourth quarter. RNC Capital Management LLC now owns 48,800 shares of the retailer’s stock valued at $8,615,000 after purchasing an additional 2,458 shares in the last quarter. Raymond James Trust N.A. boosted its stake in Target by 3.4% during the fourth quarter. Raymond James Trust N.A. now owns 130,850 shares of the retailer’s stock worth $23,099,000 after buying an additional 4,273 shares in the last quarter. Strategic Investment Advisors MI bought a new stake in Target in the 4th quarter valued at $226,000. IFM Investors Pty Ltd raised its stake in shares of Target by 17.0% in the 4th quarter. IFM Investors Pty Ltd now owns 48,251 shares of the retailer’s stock valued at $8,518,000 after buying an additional 6,997 shares in the last quarter. Finally, Coastal Investment Advisors Inc. lifted its holdings in shares of Target by 53.6% during the 4th quarter. Coastal Investment Advisors Inc. now owns 2,724 shares of the retailer’s stock worth $481,000 after acquiring an additional 950 shares during the period. 80.87% of the stock is owned by institutional investors and hedge funds.
In related news, CAO Robert M. Harrison sold 1,220 shares of Target stock in a transaction on Thursday, November 19th. The shares were sold at an average price of $169.50, for a total value of $206,790.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.52% of the stock is currently owned by company insiders.
Shares of NYSE TGT opened at $196.82 on Thursday. Target Co. has a 1-year low of $90.17 and a 1-year high of $199.96. The firm’s 50-day moving average price is $177.95 and its 200-day moving average price is $153.66. The company has a current ratio of 1.11, a quick ratio of 0.55 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $98.56 billion, a P/E ratio of 28.40, a P/E/G ratio of 3.16 and a beta of 0.85.
Target (NYSE:TGT) last released its earnings results on Tuesday, November 17th. The retailer reported $2.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.60 by $1.19. The firm had revenue of $22.63 billion for the quarter, compared to analysts’ expectations of $20.91 billion. Target had a net margin of 4.16% and a return on equity of 30.25%. During the same period in the previous year, the company earned $1.36 earnings per share. Equities research analysts forecast that Target Co. will post 7.18 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 10th. Stockholders of record on Wednesday, February 17th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.38%. Target’s dividend payout ratio (DPR) is 42.57%.
Target Company Profile
Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home dÃ©cor products, electronics, toys, seasonal offerings, and other merchandise; beauty and household essentials; The company also provides in-store amenities, such as Target CafÃ©, Target Optical, Starbucks, and other food service offerings.
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