Bank of Hawaii Has $224,000 Stock Holdings in Target Co. (NYSE:TGT)

Bank of Hawaii lowered its stake in Target Co. (NYSE:TGT) by 40.4% during the third quarter, Holdings Channel.com reports. The fund owned 1,437 shares of the retailer’s stock after selling 974 shares during the period. Bank of Hawaii’s holdings in Target were worth $224,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Legal & General Group Plc increased its position in shares of Target by 6.8% during the 2nd quarter. Legal & General Group Plc now owns 4,374,851 shares of the retailer’s stock worth $647,652,000 after purchasing an additional 279,656 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Target by 11.4% in the second quarter. Victory Capital Management Inc. now owns 4,316,738 shares of the retailer’s stock valued at $639,050,000 after buying an additional 440,307 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Target by 16.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,114,400 shares of the retailer’s stock valued at $461,031,000 after buying an additional 435,229 shares in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in Target by 9.7% during the second quarter. Diamond Hill Capital Management Inc. now owns 3,094,644 shares of the retailer’s stock worth $458,131,000 after buying an additional 272,521 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Target by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,053,471 shares of the retailer’s stock worth $475,914,000 after acquiring an additional 56,695 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Price Performance

TGT stock opened at $130.50 on Tuesday. The company’s 50-day moving average price is $150.82 and its two-hundred day moving average price is $149.31. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The firm has a market cap of $60.12 billion, a P/E ratio of 13.84, a P/E/G ratio of 2.05 and a beta of 1.24.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same period last year, the business earned $2.10 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. On average, analysts anticipate that Target Co. will post 8.6 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 annualized dividend and a dividend yield of 3.43%. Target’s dividend payout ratio is currently 47.51%.

Insider Activity at Target

In related news, CAO Matthew A. Liegel sold 1,000 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $153.13, for a total value of $153,130.00. Following the completion of the transaction, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at $1,114,173.88. This represents a 12.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Richard H. Gomez sold 6,348 shares of the business’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $157.17, for a total transaction of $997,715.16. Following the sale, the insider now directly owns 123,551 shares in the company, valued at approximately $19,418,510.67. The trade was a 4.89 % decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Stifel Nicolaus decreased their price objective on shares of Target from $165.00 to $137.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Sanford C. Bernstein started coverage on Target in a report on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 price target for the company. Jefferies Financial Group upped their price objective on Target from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. HSBC downgraded Target from a “buy” rating to a “hold” rating and set a $138.00 target price for the company. in a research note on Wednesday, November 20th. Finally, Wells Fargo & Company dropped their price target on Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Target presently has an average rating of “Moderate Buy” and an average target price of $161.63.

Target Company 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.