Legacy Private Trust Co. Has $2.25 Million Stock Position in Target Co. (NYSE:TGT)

Legacy Private Trust Co. lessened its holdings in shares of Target Co. (NYSE:TGT) by 10.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,576 shares of the retailer’s stock after selling 2,489 shares during the period. Legacy Private Trust Co.’s holdings in Target were worth $2,252,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Brighton Jones LLC lifted its holdings in Target by 101.3% during the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after buying an additional 3,059 shares during the period. Flagship Harbor Advisors LLC lifted its holdings in Target by 50.8% during the 4th quarter. Flagship Harbor Advisors LLC now owns 2,547 shares of the retailer’s stock worth $344,000 after buying an additional 858 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in Target by 14.9% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,386 shares of the retailer’s stock worth $458,000 after buying an additional 440 shares during the period. Blue Trust Inc. lifted its holdings in Target by 18.1% during the 4th quarter. Blue Trust Inc. now owns 3,984 shares of the retailer’s stock worth $539,000 after buying an additional 610 shares during the period. Finally, SteelPeak Wealth LLC lifted its holdings in Target by 3.2% during the 4th quarter. SteelPeak Wealth LLC now owns 3,317 shares of the retailer’s stock worth $448,000 after buying an additional 103 shares during the period. Institutional investors own 79.73% of the company’s stock.

Target Trading Down 1.2%

Shares of TGT stock opened at $94.81 on Friday. Target Co. has a 52-week low of $87.35 and a 52-week high of $167.40. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The company has a 50-day simple moving average of $96.49 and a two-hundred day simple moving average of $118.65. The company has a market capitalization of $43.08 billion, a price-to-earnings ratio of 10.05, a PEG ratio of 1.94 and a beta of 1.27.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, May 21st. The retailer reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.35). Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $24.20 billion during the quarter, compared to the consensus estimate of $24.54 billion. During the same period in the previous year, the company posted $2.03 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. Research analysts anticipate that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date is Wednesday, May 14th. Target’s payout ratio is 49.23%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Cfra Research downgraded Target from a “moderate buy” rating to a “hold” rating in a report on Thursday, April 17th. Royal Bank of Canada dropped their target price on shares of Target from $112.00 to $103.00 and set an “outperform” rating on the stock in a report on Thursday, May 22nd. Robert W. Baird set a $100.00 target price on shares of Target in a report on Thursday, May 22nd. Barclays initiated coverage on shares of Target in a report on Thursday, May 22nd. They issued an “equal weight” rating on the stock. Finally, KGI Securities set a $132.00 target price on shares of Target in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, twenty-five have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $116.68.

Target Company 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.