Target Co. (NYSE:TGT) Stock Holdings Trimmed by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc decreased its holdings in Target Co. (NYSE:TGTFree Report) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,815 shares of the retailer’s stock after selling 550 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Target were worth $1,398,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Target by 3,577.5% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,471 shares of the retailer’s stock worth $312,000 after buying an additional 1,431 shares in the last quarter. Zions Bancorporation N.A. raised its holdings in Target by 3.3% during the first quarter. Zions Bancorporation N.A. now owns 3,045 shares of the retailer’s stock worth $646,000 after purchasing an additional 96 shares in the last quarter. Covestor Ltd raised its holdings in Target by 131.7% during the first quarter. Covestor Ltd now owns 702 shares of the retailer’s stock worth $149,000 after purchasing an additional 399 shares in the last quarter. Merit Financial Group LLC acquired a new stake in shares of Target in the first quarter valued at $208,000. Finally, Ergoteles LLC raised its position in Target by 191.5% in the first quarter. Ergoteles LLC now owns 11,794 shares of the retailer’s stock worth $2,503,000 after acquiring an additional 7,748 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Insider Buying and Selling

In other Target news, insider Christina Hennington sold 4,600 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $170.88, for a total transaction of $786,048.00. Following the transaction, the insider now owns 38,487 shares in the company, valued at $6,576,658.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Christina Hennington sold 4,600 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $170.88, for a total transaction of $786,048.00. Following the completion of the sale, the insider now directly owns 38,487 shares of the company’s stock, valued at approximately $6,576,658.56. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Melissa K. Kremer sold 3,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total transaction of $495,150.00. Following the completion of the transaction, the insider now owns 30,527 shares in the company, valued at $5,038,481.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,600 shares of company stock worth $8,819,598. 0.23% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of Target from $142.00 to $180.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. Barclays lifted their price target on shares of Target from $142.00 to $169.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 6th. Wells Fargo & Company increased their price objective on Target from $165.00 to $190.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Royal Bank of Canada boosted their target price on Target from $157.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Finally, Roth Mkm upped their target price on Target from $140.00 to $153.00 and gave the company a “neutral” rating in a report on Wednesday, March 6th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $180.12.

Read Our Latest Stock Report on Target

Target Price Performance

NYSE TGT opened at $176.24 on Wednesday. The company has a quick ratio of 0.29, a current ratio of 0.91 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $81.37 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 1.66 and a beta of 1.14. Target Co. has a 12-month low of $102.93 and a 12-month high of $181.86. The company has a 50 day moving average price of $156.27 and a two-hundred day moving average price of $135.87.

Target (NYSE:TGTGet Free Report) last released its quarterly earnings data on Tuesday, March 5th. The retailer reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.57. The business had revenue of $31.47 billion during the quarter, compared to analyst estimates of $31.83 billion. Target had a net margin of 3.85% and a return on equity of 33.41%. Target’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.89 EPS. As a group, equities analysts predict that Target Co. will post 9.39 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s payout ratio is 49.27%.

Target Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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