Enterprise Trust & Investment Co Sells 400 Shares of Target Co. (NYSE:TGT)


Share on StockTwits

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.

TGT has been the subject of several recent research reports. Telsey Advisory Group increased their price target on shares of Target from $190.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday. Raymond James boosted their price objective on Target from $180.00 to $200.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 19th. Jefferies Financial Group started coverage on shares of Target in a research note on Friday, October 16th. They set a “hold” rating and a $180.00 price target on the stock. Morgan Stanley lifted their price objective on Target from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 19th. Finally, MKM Partners upgraded shares of Target from a “sell” rating to a “neutral” rating and upped their target price for the company from $127.00 to $156.00 in a research report on Thursday, November 19th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the company. Target presently has a consensus rating of “Buy” and a consensus price target of $152.05.

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 décor products, electronics, toys, seasonal offerings, and other merchandise; beauty and household essentials; The company also provides in-store amenities, such as Target Café, Target Optical, Starbucks, and other food service offerings.

Featured Article: What is the Coverage Ratio?

Want to see what other hedge funds are holding TGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Target Co. (NYSE:TGT).

Institutional Ownership by Quarter for Target (NYSE:TGT)

Receive News & Ratings for Target Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target and related companies with MarketBeat.com's FREE daily email newsletter.