Rockland Trust Co. Has $1.14 Million Holdings in Target Co. (NYSE:TGT)

Rockland Trust Co. decreased its position in Target Co. (NYSE:TGT) by 6.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,450 shares of the retailer’s stock after selling 566 shares during the period. Rockland Trust Co.’s holdings in Target were worth $1,142,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Pines Wealth Management LLC bought a new stake in Target in the 4th quarter valued at $317,000. Wynn Capital LLC increased its position in Target by 5.4% during the 4th quarter. Wynn Capital LLC now owns 6,193 shares of the retailer’s stock worth $837,000 after buying an additional 315 shares during the period. Fiduciary Financial Group LLC acquired a new stake in shares of Target during the fourth quarter worth $336,000. Mayfair Advisory Group LLC boosted its position in shares of Target by 7.7% in the fourth quarter. Mayfair Advisory Group LLC now owns 1,529 shares of the retailer’s stock valued at $207,000 after acquiring an additional 109 shares during the period. Finally, Oak Asset Management LLC grew its stake in shares of Target by 4.1% in the fourth quarter. Oak Asset Management LLC now owns 24,883 shares of the retailer’s stock valued at $3,364,000 after acquiring an additional 982 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Down 1.9 %

NYSE:TGT opened at $136.18 on Wednesday. Target Co. has a one year low of $120.21 and a one year high of $181.86. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The company has a market cap of $62.40 billion, a PE ratio of 14.44, a P/E/G ratio of 2.21 and a beta of 1.16. The firm’s 50 day simple moving average is $137.06 and its 200 day simple moving average is $145.39.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The business had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Target’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the firm posted $2.10 EPS. On average, research analysts anticipate that Target Co. will post 8.6 earnings per share for the current year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.29%. Target’s dividend payout ratio (DPR) is presently 47.51%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TGT shares. Melius Research initiated coverage on shares of Target in a research note on Monday, September 23rd. They issued a “buy” rating and a $180.00 price objective for the company. Stifel Nicolaus lifted their price target on shares of Target from $137.00 to $145.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Hsbc Global Res downgraded Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Citigroup lowered Target from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $188.00 to $130.00 in a research note on Wednesday, November 20th. Finally, BMO Capital Markets cut their target price on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Target has an average rating of “Hold” and a consensus price target of $160.57.

Target 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.