Intrust Bank NA Has $1.35 Million Stake in Target Co. (NYSE:TGT)

Intrust Bank NA trimmed its position in shares of Target Co. (NYSE:TGT) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,994 shares of the retailer’s stock after selling 483 shares during the period. Intrust Bank NA’s holdings in Target were worth $1,351,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TGT. Legacy Investment Solutions LLC bought a new position in Target during the third quarter worth $28,000. Hopwood Financial Services Inc. acquired a new stake in Target in the 4th quarter worth $29,000. MCF Advisors LLC increased its holdings in shares of Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares during the period. Raleigh Capital Management Inc. raised its position in shares of Target by 110.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after buying an additional 135 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new stake in shares of Target in the third quarter valued at about $36,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TGT has been the subject of several recent research reports. Bank of America cut their price target on Target from $160.00 to $145.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Gordon Haskett cut Target from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Guggenheim boosted their price target on shares of Target from $145.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Roth Mkm reaffirmed a “neutral” rating and set a $122.00 price objective (down from $131.00) on shares of Target in a report on Wednesday, March 5th. Finally, UBS Group lowered their target price on shares of Target from $170.00 to $155.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $143.40.

Target Price Performance

TGT opened at $103.63 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The company’s 50 day simple moving average is $122.96 and its 200-day simple moving average is $136.46. Target Co. has a one year low of $101.76 and a one year high of $181.86. The stock has a market capitalization of $47.21 billion, a P/E ratio of 10.99, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18.

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

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.32%. Target’s dividend payout ratio is currently 50.56%.

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.