Cambridge Trust Co. Sells 159 Shares of Target Co. (NYSE:TGT)

Cambridge Trust Co. trimmed its position in Target Co. (NYSE:TGT) by 9.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,549 shares of the retailer’s stock after selling 159 shares during the period. Cambridge Trust Co.’s holdings in Target were worth $221,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Tower View Wealth Management LLC lifted its position in Target by 82.8% during the 3rd quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock worth $26,000 after buying an additional 106 shares in the last quarter. Rakuten Securities Inc. acquired a new position in Target during the fourth quarter valued at approximately $29,000. First Capital Advisors Group LLC. bought a new position in Target in the second quarter valued at approximately $31,000. Penserra Capital Management LLC acquired a new position in shares of Target during the 4th quarter worth approximately $35,000. Finally, Impact Partnership Wealth LLC raised its stake in shares of Target by 106.6% during the 3rd quarter. Impact Partnership Wealth LLC now owns 405 shares of the retailer’s stock worth $45,000 after purchasing an additional 209 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Target from a “hold” rating to a “buy” rating and boosted their target price for the stock from $149.00 to $206.00 in a report on Wednesday, March 6th. UBS Group reiterated a “buy” rating and issued a $174.00 target price on shares of Target in a research note on Tuesday, March 5th. DA Davidson boosted their price target on Target from $167.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Jefferies Financial Group raised their price objective on Target from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Finally, Citigroup increased their price target on Target from $142.00 to $180.00 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. Eleven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, Target presently has an average rating of “Moderate Buy” and a consensus target price of $181.85.

Target Stock Performance

Shares of Target stock opened at $168.30 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.29 and a debt-to-equity ratio of 1.11. The company has a market cap of $77.70 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 1.56 and a beta of 1.14. The company has a 50 day moving average of $163.68 and a 200-day moving average of $140.95. Target Co. has a 1-year low of $102.93 and a 1-year high of $181.86.

Target (NYSE:TGT) last released its earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.57. Target had a return on equity of 33.41% and a net margin of 3.85%. The firm had revenue of $31.47 billion during the quarter, compared to analysts’ expectations of $31.83 billion. During the same period in the prior year, the company earned $1.89 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, equities research analysts forecast that Target Co. will post 9.39 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.61%. The ex-dividend date is Tuesday, May 14th. Target’s payout ratio is 49.27%.

Insider Transactions at Target

In related news, insider Christina Hennington sold 4,600 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 38,487 shares in the company, valued at approximately $6,576,658.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Melissa K. Kremer sold 3,000 shares of Target 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 transaction, the insider now owns 30,527 shares in the company, valued at $5,038,481.35. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Christina Hennington sold 4,600 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $170.88, for a total value of $786,048.00. Following the transaction, the insider now directly owns 38,487 shares of the company’s stock, valued at $6,576,658.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,600 shares of company stock valued at $8,819,598. 0.23% of the stock is currently owned by insiders.

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.