Community Bank N.A. Increases Stock Holdings in Target Co. (NYSE:TGT)

Community Bank N.A. boosted its stake in Target Co. (NYSE:TGT) by 1.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,152 shares of the retailer’s stock after buying an additional 188 shares during the quarter. Community Bank N.A.’s holdings in Target were worth $2,985,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of TGT. International Assets Investment Management LLC lifted its position in shares of Target by 9,940.6% during the third quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock valued at $311,937,000 after purchasing an additional 1,981,458 shares in the last quarter. FMR LLC increased its stake in Target by 11.7% in the 3rd quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after buying an additional 1,046,044 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Target by 711.2% during the 2nd quarter. AQR Capital Management LLC now owns 876,531 shares of the retailer’s stock worth $129,762,000 after buying an additional 768,479 shares in the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of Target in the 3rd quarter worth approximately $106,493,000. Finally, Victory Capital Management Inc. grew its holdings in shares of Target by 11.4% in the second quarter. Victory Capital Management Inc. now owns 4,316,738 shares of the retailer’s stock valued at $639,050,000 after acquiring an additional 440,307 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Target Price Performance

TGT stock opened at $132.31 on Monday. The firm has a 50 day simple moving average of $148.86 and a two-hundred day simple moving average of $148.45. 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 stock has a market cap of $60.95 billion, a PE ratio of 14.03, a P/E/G ratio of 2.17 and a beta of 1.24. Target Co. has a one year low of $120.21 and a one year high of $181.86.

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

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be issued a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.39%. Target’s dividend payout ratio is 47.51%.

Insider Buying and Selling

In other Target news, insider Richard H. Gomez sold 6,348 shares of Target stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $157.17, for a total transaction of $997,715.16. Following the transaction, the insider now directly owns 123,551 shares of the company’s stock, valued at approximately $19,418,510.67. This trade represents a 4.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.15% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently commented on TGT shares. Deutsche Bank Aktiengesellschaft lowered Target from a “buy” rating to a “hold” rating and dropped their price target for the stock from $184.00 to $108.00 in a report on Wednesday, November 20th. Stifel Nicolaus cut their price target on shares of Target from $165.00 to $137.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. HSBC lowered shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price target for the company. in a research report on Wednesday, November 20th. Truist Financial lifted their price objective on shares of Target from $156.00 to $162.00 and gave the stock a “hold” rating in a research report on Thursday, August 22nd. Finally, Jefferies Financial Group raised their price target on shares of Target from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $160.30.

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.