Town & Country Bank & Trust CO dba First Bankers Trust CO Sells 200 Shares of Target Co. (NYSE:TGT)

Town & Country Bank & Trust CO dba First Bankers Trust CO cut its stake in shares of Target Co. (NYSE:TGT) by 1.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 11,852 shares of the retailer’s stock after selling 200 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Target were worth $1,237,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of TGT. Hopwood Financial Services Inc. purchased a new stake in shares of Target in the fourth quarter valued at about $29,000. Bernard Wealth Management Corp. bought a new stake in Target in the 4th quarter worth about $29,000. Legacy Investment Solutions LLC increased its stake in Target by 47.5% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer’s stock valued at $35,000 after buying an additional 85 shares during the last quarter. OFI Invest Asset Management bought a new position in shares of Target during the 4th quarter worth approximately $36,000. Finally, Hager Investment Management Services LLC bought a new position in shares of Target during the 4th quarter worth approximately $39,000. 79.73% of the stock is currently owned by institutional investors.

Target Stock Down 1.2%

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

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

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.73%. Target’s dividend payout ratio (DPR) is currently 49.23%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TGT shares. Jefferies Financial Group reduced their target price on Target from $165.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Gordon Haskett cut Target from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Truist Financial upped their price objective on Target from $82.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday, May 22nd. Barclays assumed coverage on Target in a research note on Thursday, May 22nd. They set an “equal weight” rating on the stock. Finally, Wells Fargo & Company cut their price target on shares of Target from $135.00 to $115.00 and set an “overweight” rating on the stock in a report on Thursday, May 22nd. Two equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, Target currently has an average rating of “Hold” and an average target price of $116.68.

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.