Target Co. (NYSE:TGT) Shares Sold by Capital City Trust Co. FL

Capital City Trust Co. FL lowered its stake in Target Co. (NYSE:TGT) by 22.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,063 shares of the retailer’s stock after selling 898 shares during the period. Capital City Trust Co. FL’s holdings in Target were worth $414,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in shares of Target in the third quarter valued at approximately $28,000. MCF Advisors LLC increased its holdings in shares of Target by 175.3% in the fourth 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 period. Raleigh Capital Management Inc. increased its holdings in shares of Target by 110.7% in the fourth 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 period. FSA Wealth Management LLC acquired a new position in shares of Target in the third quarter valued at approximately $36,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Target in the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TGT. StockNews.com upgraded Target from a “hold” rating to a “buy” rating in a research note on Saturday. Gordon Haskett downgraded Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Telsey Advisory Group restated an “outperform” rating and issued a $150.00 price target on shares of Target in a research note on Friday, January 17th. Oppenheimer restated an “outperform” rating and issued a $165.00 price target on shares of Target in a research note on Monday, November 25th. Finally, Wells Fargo & Company decreased their target price on Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, Target has a consensus rating of “Hold” and an average price target of $157.70.

Target Stock Performance

Target stock opened at $124.40 on Friday. The firm has a market capitalization of $57.00 billion, a P/E ratio of 13.19, a PEG ratio of 1.98 and a beta of 1.15. The stock has a fifty day moving average price of $134.41 and a 200 day moving average price of $142.67. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86. 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 (NYSE:TGT) last announced its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). The firm had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The business’s revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.10 earnings per share. Equities research analysts anticipate that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.60%. Target’s dividend payout ratio is presently 47.51%.

About Target

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.