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

Cambridge Trust Co. lowered its position in Target Co. (NYSE:TGT) by 9.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of TGT. Plancorp LLC increased its holdings in Target by 2.1% during the 1st quarter. Plancorp LLC now owns 2,520 shares of the retailer’s stock worth $535,000 after purchasing an additional 53 shares during the period. Beacon Financial Advisory LLC grew its holdings in Target by 1.0% during the 4th quarter. Beacon Financial Advisory LLC now owns 7,059 shares of the retailer’s stock worth $1,005,000 after acquiring an additional 72 shares in the last quarter. Janiczek Wealth Management LLC increased its position in Target by 18.8% during the 4th quarter. Janiczek Wealth Management LLC now owns 494 shares of the retailer’s stock valued at $70,000 after purchasing an additional 78 shares during the period. VisionPoint Advisory Group LLC raised its holdings in shares of Target by 4.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,887 shares of the retailer’s stock valued at $209,000 after purchasing an additional 80 shares in the last quarter. Finally, iA Global Asset Management Inc. boosted its stake in shares of Target by 0.4% during the third quarter. iA Global Asset Management Inc. now owns 22,760 shares of the retailer’s stock valued at $2,517,000 after purchasing an additional 83 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Insider Transactions at Target

In related news, insider Melissa K. Kremer sold 3,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $165.05, for a total value of $495,150.00. Following the transaction, the insider now owns 30,527 shares in the company, valued at $5,038,481.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Target news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the transaction, the insider now directly owns 346,919 shares of the company’s stock, valued at $58,115,870.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Melissa K. Kremer sold 3,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $165.05, for a total value of $495,150.00. Following the sale, the insider now owns 30,527 shares of the company’s stock, valued at approximately $5,038,481.35. The disclosure for this sale can be found here. Insiders sold 52,600 shares of company stock valued at $8,819,598 in the last three months. Corporate insiders own 0.23% of the company’s stock.

Target Stock Up 1.0 %

Target stock opened at $168.30 on Friday. The stock has a market cap of $77.70 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 1.56 and a beta of 1.14. The company’s 50-day moving average price is $163.68 and its two-hundred day moving average price is $140.95. The company has a current ratio of 0.91, a quick ratio of 0.29 and a debt-to-equity ratio of 1.11. Target Co. has a 52 week low of $102.93 and a 52 week high of $181.86.

Target (NYSE:TGT) last posted its quarterly earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.57. Target had a net margin of 3.85% and a return on equity of 33.41%. The business had revenue of $31.47 billion during the quarter, compared to analyst estimates of $31.83 billion. During the same period in the prior year, the firm earned $1.89 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. On average, analysts expect that Target Co. will post 9.39 EPS for the current fiscal year.

Target Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TGT shares. Jefferies Financial Group upped their target price on Target from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Truist Financial raised their price target on shares of Target from $142.00 to $160.00 and gave the stock a “hold” rating in a report on Wednesday, March 6th. Barclays boosted their price objective on shares of Target from $142.00 to $169.00 and gave the company an “equal weight” rating in a report on Wednesday, March 6th. Oppenheimer lifted their price target on Target from $160.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. Finally, DA Davidson raised their price objective on Target from $167.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $181.85.

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.