Country Club Bank Has $6.48 Million Stake in Target Co. (NYSE:TGT)

Country Club Bank decreased its holdings in Target Co. (NYSE:TGT) by 11.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,972 shares of the retailer’s stock after selling 6,308 shares during the quarter. Country Club Bank’s holdings in Target were worth $6,479,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of TGT. Legacy Investment Solutions LLC acquired a new stake in Target in the 3rd quarter worth about $28,000. Wolff Wiese Magana LLC raised its stake in Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after purchasing an additional 133 shares in the last quarter. MCF Advisors LLC raised its position in shares of Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after buying an additional 163 shares in the last quarter. Raleigh Capital Management Inc. raised its position in shares of Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after buying an additional 135 shares in the last quarter. Finally, FSA Wealth Management LLC acquired a new position in shares of Target in the 3rd quarter valued at approximately $36,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Trading Up 1.1 %

NYSE:TGT opened at $135.57 on Wednesday. The firm’s fifty day moving average is $134.87 and its 200-day moving average is $144.21. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86. The firm has a market cap of $62.12 billion, a P/E ratio of 14.38, a P/E/G ratio of 2.24 and a beta of 1.15.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same period in the prior year, the company posted $2.10 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. Equities analysts expect that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.30%. Target’s payout ratio is presently 47.51%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TGT. Oppenheimer restated an “outperform” rating and issued a $165.00 target price on shares of Target in a research report on Monday, November 25th. Roth Mkm dropped their target price on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Daiwa Capital Markets cut shares of Target from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $170.00 to $130.00 in a research report on Tuesday, November 26th. TD Cowen dropped their target price on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Finally, Piper Sandler dropped their target price on shares of Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $157.70.

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.