JTC Employer Solutions Trustee Ltd Has $292,000 Holdings in Target Co. (NYSE:TGT)

JTC Employer Solutions Trustee Ltd lessened its position in shares of Target Co. (NYSE:TGT) by 21.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,800 shares of the retailer’s stock after selling 750 shares during the quarter. JTC Employer Solutions Trustee Ltd’s holdings in Target were worth $292,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Horrell Capital Management Inc. boosted its stake in Target by 0.3% in the 4th quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer’s stock valued at $3,603,000 after buying an additional 76 shares in the last quarter. Fiducient Advisors LLC boosted its stake in Target by 4.6% in the 4th quarter. Fiducient Advisors LLC now owns 1,778 shares of the retailer’s stock valued at $240,000 after buying an additional 78 shares in the last quarter. CENTRAL TRUST Co boosted its stake in Target by 0.4% in the 4th quarter. CENTRAL TRUST Co now owns 18,593 shares of the retailer’s stock valued at $2,513,000 after buying an additional 82 shares in the last quarter. Napatree Capital LLC boosted its stake in Target by 2.4% in the 4th quarter. Napatree Capital LLC now owns 3,609 shares of the retailer’s stock valued at $488,000 after buying an additional 85 shares in the last quarter. Finally, Legacy Investment Solutions LLC boosted its stake in Target by 47.5% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer’s stock valued at $35,000 after buying an additional 85 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Ratings Changes

TGT has been the topic of several recent analyst reports. Roth Mkm reaffirmed a “neutral” rating and issued a $122.00 price target (down previously from $131.00) on shares of Target in a research note on Wednesday, March 5th. Truist Financial boosted their price target on Target from $82.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday, May 22nd. Baird R W lowered Target from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 7th. Royal Bank of Canada reduced their price objective on Target from $112.00 to $103.00 and set an “outperform” rating on the stock in a research note on Thursday, May 22nd. Finally, BMO Capital Markets reduced their price objective on Target from $100.00 to $95.00 and set a “market perform” rating on the stock in a research note on Thursday, May 22nd. Two investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $116.68.

Target Trading Down 0.9%

NYSE TGT opened at $93.97 on Friday. The stock has a 50-day simple moving average of $96.26 and a 200 day simple moving average of $117.97. The company has a market capitalization of $42.70 billion, a PE ratio of 9.97, a P/E/G ratio of 1.94 and a beta of 1.27. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target Co. has a 12 month low of $87.35 and a 12 month high of $167.40.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, May 21st. The retailer reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.35). The company had revenue of $24.20 billion during the quarter, compared to the consensus estimate of $24.54 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.03 EPS. Research analysts forecast that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be issued a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.77%. Target’s dividend payout ratio (DPR) is currently 49.23%.

Insiders Place Their Bets

In other news, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $96.18, for a total transaction of $4,328,100.00. Following the completion of the transaction, the insider now directly owns 246,453 shares of the company’s stock, valued at $23,703,849.54. This represents a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.15% of the company’s stock.

Target Profile

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.