Community Bank & Trust Waco Texas Has $1.55 Million Stock Holdings in Target Co. (NYSE:TGT)

Community Bank & Trust Waco Texas reduced its holdings in shares of Target Co. (NYSE:TGT) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,446 shares of the retailer’s stock after selling 108 shares during the period. Community Bank & Trust Waco Texas’ holdings in Target were worth $1,546,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Little House Capital LLC bought a new position in shares of Target during the first quarter valued at $1,041,000. Nordea Investment Management AB boosted its position in Target by 23.6% in the first quarter. Nordea Investment Management AB now owns 642,340 shares of the retailer’s stock valued at $112,686,000 after buying an additional 122,706 shares in the last quarter. QRG Capital Management Inc. grew its stake in Target by 11.4% during the first quarter. QRG Capital Management Inc. now owns 65,558 shares of the retailer’s stock worth $11,618,000 after buying an additional 6,690 shares during the last quarter. Janney Capital Management LLC acquired a new stake in shares of Target during the first quarter worth approximately $13,958,000. Finally, United Services Automobile Association grew its position in Target by 134.6% during the 4th quarter. United Services Automobile Association now owns 103,785 shares of the retailer’s stock worth $14,781,000 after acquiring an additional 59,553 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Stifel Nicolaus lifted their price objective on Target from $147.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, August 22nd. Piper Sandler began coverage on shares of Target in a research report on Wednesday, July 10th. They issued a “neutral” rating and a $156.00 price objective for the company. BMO Capital Markets decreased their price target on shares of Target from $170.00 to $155.00 and set a “market perform” rating on the stock in a research note on Thursday, May 23rd. Oppenheimer decreased their price objective on Target from $200.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. Finally, JPMorgan Chase & Co. upped their price target on Target from $153.00 to $167.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $179.68.

Target Stock Down 0.3 %

Shares of TGT stock traded down $0.53 during trading hours on Wednesday, hitting $151.27. 949,190 shares of the company were exchanged, compared to its average volume of 4,024,286. Target Co. has a 52 week low of $102.93 and a 52 week high of $181.86. The company has a current ratio of 0.90, a quick ratio of 0.27 and a debt-to-equity ratio of 0.95. The business has a 50 day moving average of $147.36 and a two-hundred day moving average of $155.09. The company has a market capitalization of $69.98 billion, a PE ratio of 17.04, a PEG ratio of 1.99 and a beta of 1.19.

Target (NYSE:TGT) last released its earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.39. Target had a return on equity of 33.10% and a net margin of 4.18%. The firm had revenue of $25.02 billion during the quarter, compared to analysts’ expectations of $25.19 billion. During the same quarter in the prior year, the company earned $1.80 EPS. The company’s revenue was up 1.0% on a year-over-year basis. Analysts anticipate that Target Co. will post 9.49 earnings per share for the current fiscal year.

Target Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st will be paid a $1.12 dividend. This is a boost from Target’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, August 21st. This represents a $4.48 annualized dividend and a yield of 2.96%. Target’s payout ratio is presently 50.28%.

Insiders Place Their Bets

In other news, CAO Matthew A. Liegel sold 1,000 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $153.13, for a total value of $153,130.00. Following the sale, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at $1,114,173.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Target news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the transaction, the insider now owns 303,843 shares of the company’s stock, valued at approximately $48,210,768.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew A. Liegel sold 1,000 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $153.13, for a total value of $153,130.00. Following the completion of the sale, the chief accounting officer now directly owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

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.