First National Bank Sioux Falls Cuts Holdings in Target Co. (NYSE:TGT)

First National Bank Sioux Falls trimmed its holdings in shares of Target Co. (NYSE:TGT) by 19.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,962 shares of the retailer’s stock after selling 700 shares during the quarter. First National Bank Sioux Falls’ holdings in Target were worth $462,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TGT. Washington Trust Advisors Inc. grew its holdings in Target by 56.1% in the first quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock worth $32,000 after purchasing an additional 64 shares during the last quarter. Financial Advocates Investment Management grew its holdings in Target by 1.2% in the third quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock worth $894,000 after purchasing an additional 67 shares during the last quarter. Williams Jones Wealth Management LLC. grew its holdings in Target by 0.6% in the first quarter. Williams Jones Wealth Management LLC. now owns 10,773 shares of the retailer’s stock worth $1,909,000 after purchasing an additional 68 shares during the last quarter. Beacon Capital Management LLC grew its holdings in Target by 20.8% in the second quarter. Beacon Capital Management LLC now owns 400 shares of the retailer’s stock worth $59,000 after purchasing an additional 69 shares during the last quarter. Finally, Integral Investment Advisors Inc. grew its holdings in Target by 5.3% in the second quarter. Integral Investment Advisors Inc. now owns 1,382 shares of the retailer’s stock worth $203,000 after purchasing an additional 69 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Richard H. Gomez sold 6,348 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $157.17, for a total transaction of $997,715.16. Following the completion of the transaction, the insider now owns 123,551 shares in the company, valued at $19,418,510.67. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Richard H. Gomez sold 6,348 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $157.17, for a total transaction of $997,715.16. Following the completion of the transaction, the insider now owns 123,551 shares in the company, valued at $19,418,510.67. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matthew A. Liegel sold 1,000 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $153.13, for a total transaction of $153,130.00. Following the transaction, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,348 shares of company stock worth $8,290,995 in the last 90 days. Insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Daiwa Capital Markets raised shares of Target from a “neutral” rating to an “outperform” rating and set a $170.00 price target on the stock in a report on Monday, August 26th. StockNews.com lowered shares of Target from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 24th. Evercore ISI dropped their price objective on shares of Target from $170.00 to $165.00 and set an “in-line” rating on the stock in a report on Tuesday, October 22nd. Telsey Advisory Group reissued an “outperform” rating and set a $195.00 price objective on shares of Target in a report on Thursday, September 19th. Finally, TD Cowen boosted their price objective on shares of Target from $165.00 to $180.00 and gave the company a “hold” rating in a report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Target currently has an average rating of “Moderate Buy” and a consensus target price of $179.47.

Target Price Performance

Shares of Target stock traded up $0.80 during trading hours on Friday, reaching $150.84. The stock had a trading volume of 2,453,210 shares, compared to its average volume of 3,218,801. The stock’s 50 day moving average is $153.04 and its 200 day moving average is $151.32. The firm has a market capitalization of $69.49 billion, a PE ratio of 15.58, a PEG ratio of 1.94 and a beta of 1.24. Target Co. has a twelve month low of $105.23 and a twelve month 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.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.39. The business had revenue of $25.02 billion during the quarter, compared to the consensus estimate of $25.19 billion. Target had a net margin of 4.18% and a return on equity of 33.10%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.80 earnings per share. Equities analysts expect that Target Co. will post 9.54 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 annualized dividend and a dividend yield of 2.97%. Target’s dividend payout ratio (DPR) is presently 46.28%.

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.