First National Trust Co Has $1.95 Million Stock Position in Target Co. (NYSE:TGT)

First National Trust Co trimmed its position in Target Co. (NYSE:TGT) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,452 shares of the retailer’s stock after selling 274 shares during the quarter. First National Trust Co’s holdings in Target were worth $1,954,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in Target during the 3rd quarter valued at $28,000. Hopwood Financial Services Inc. acquired a new position in Target during the 4th quarter valued at $29,000. FSA Wealth Management LLC acquired a new position in Target during the 3rd quarter valued at $36,000. MCF Advisors LLC raised its stake in Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares during the last quarter. Finally, Raleigh Capital Management Inc. raised its stake in Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after purchasing an additional 135 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Up 0.2 %

Shares of NYSE:TGT opened at $104.71 on Friday. Target Co. has a 12 month low of $103.46 and a 12 month high of $181.86. The company’s 50-day moving average price is $129.35 and its two-hundred day moving average price is $139.88. 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 $47.98 billion, a P/E ratio of 11.10, a P/E/G ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last issued its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. As a group, research analysts forecast that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a yield of 4.28%. Target’s payout ratio is presently 50.56%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Telsey Advisory Group cut their target price on shares of Target from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Wednesday, March 5th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Target in a research note on Wednesday, March 5th. StockNews.com cut shares of Target from a “buy” rating to a “hold” rating in a research note on Wednesday. Truist Financial lowered their price target on shares of Target from $134.00 to $124.00 and set a “hold” rating on the stock in a report on Wednesday, March 5th. Finally, BMO Capital Markets lowered their price target on shares of Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Target currently has an average rating of “Hold” and a consensus price target of $145.87.

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.