Target Co. (NYSE:TGT) Stock Position Raised by Equitable Trust Co.

Equitable Trust Co. lifted its position in Target Co. (NYSE:TGT) by 7.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,686 shares of the retailer’s stock after acquiring an additional 1,556 shares during the quarter. Equitable Trust Co.’s holdings in Target were worth $1,878,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of TGT. Carnick & Kubik Group LLC lifted its position in Target by 23.0% in the 2nd quarter. Carnick & Kubik Group LLC now owns 60,816 shares of the retailer’s stock worth $5,268,000 after buying an additional 11,376 shares in the last quarter. Breiter Capital Management Inc. grew its holdings in shares of Target by 4.0% during the second quarter. Breiter Capital Management Inc. now owns 6,348 shares of the retailer’s stock worth $483,000 after buying an additional 245 shares during the last quarter. Albion Financial Group UT grew its holdings in shares of Target by 1.9% during the second quarter. Albion Financial Group UT now owns 32,220 shares of the retailer’s stock worth $2,791,000 after buying an additional 605 shares during the last quarter. FinTrust Capital Advisors LLC grew its holdings in shares of Target by 10.0% during the second quarter. FinTrust Capital Advisors LLC now owns 2,193 shares of the retailer’s stock worth $190,000 after buying an additional 200 shares during the last quarter. Finally, Goelzer Investment Management Inc. grew its holdings in shares of Target by 1.3% during the second quarter. Goelzer Investment Management Inc. now owns 86,320 shares of the retailer’s stock worth $7,476,000 after buying an additional 1,104 shares during the last quarter. Institutional investors and hedge funds own 81.82% of the company’s stock.

Shares of Target stock traded down $0.70 during trading on Wednesday, hitting $106.75. 212,164 shares of the company were exchanged, compared to its average volume of 4,147,480. The company has a quick ratio of 0.21, a current ratio of 0.84 and a debt-to-equity ratio of 1.05. Target Co. has a fifty-two week low of $60.15 and a fifty-two week high of $110.94. The stock has a market capitalization of $54.50 billion, a price-to-earnings ratio of 19.80, a P/E/G ratio of 2.45 and a beta of 0.52. The firm has a 50 day moving average price of $99.46 and a 200 day moving average price of $86.29.



Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 21st. The retailer reported $1.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.21. The firm had revenue of $18.42 billion during the quarter, compared to the consensus estimate of $18.32 billion. Target had a return on equity of 27.43% and a net margin of 4.10%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.47 EPS. Analysts predict that Target Co. will post 6.15 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be issued a $0.66 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $2.64 annualized dividend and a yield of 2.47%. Target’s dividend payout ratio (DPR) is presently 48.98%.

In related news, CAO Robert M. Harrison sold 13,540 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $104.66, for a total transaction of $1,417,096.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Edward Mcnamara sold 11,891 shares of the company’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $88.79, for a total transaction of $1,055,801.89. The disclosure for this sale can be found here. Insiders sold a total of 93,369 shares of company stock valued at $9,751,164 over the last quarter. 0.24% of the stock is currently owned by insiders.

A number of equities research analysts have weighed in on the company. Wells Fargo & Co raised Target from a “market perform” rating to an “outperform” rating and set a $115.00 price objective on the stock in a report on Wednesday, August 21st. JPMorgan Chase & Co. set a $115.00 price target on shares of Target and gave the company a “buy” rating in a research report on Wednesday, August 21st. Guggenheim reiterated a “hold” rating on shares of Target in a research report on Wednesday, August 21st. Bank of America lifted their price target on shares of Target from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Finally, Citigroup upgraded shares of Target from a “neutral” rating to a “buy” rating and lifted their price target for the company from $80.00 to $130.00 in a research report on Thursday, August 22nd. Five research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Target presently has a consensus rating of “Buy” and an average price target of $102.37.

Target Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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