Somerset Trust Co Buys 590 Shares of Target Co. (NYSE:TGT)

Somerset Trust Co raised its stake in Target Co. (NYSE:TGT) by 3.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 17,387 shares of the retailer’s stock after purchasing an additional 590 shares during the quarter. Somerset Trust Co’s holdings in Target were worth $2,350,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TGT. Cynosure Group LLC lifted its stake in Target by 4.3% in the third quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after purchasing an additional 65 shares during the last quarter. Financial Advocates Investment Management grew its stake in shares of Target by 1.2% during the third quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock valued at $894,000 after buying an additional 67 shares during the last quarter. Hancock Whitney Corp raised its holdings in shares of Target by 3.3% in the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock worth $336,000 after buying an additional 68 shares during the period. Trust Co. of Vermont lifted its stake in shares of Target by 0.4% during the 3rd quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer’s stock worth $2,444,000 after acquiring an additional 69 shares during the last quarter. Finally, Eagle Bluffs Wealth Management LLC boosted its holdings in Target by 1.1% during the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock valued at $1,063,000 after acquiring an additional 73 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Trading Up 0.3 %

Shares of NYSE:TGT opened at $133.62 on Friday. The business’s 50-day moving average is $136.45 and its 200 day moving average is $145.23. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The firm has a market capitalization of $61.22 billion, a P/E ratio of 14.17, a P/E/G ratio of 2.32 and a beta of 1.16.

Target (NYSE:TGT) last posted its quarterly earnings data 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). The company had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The business’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the company earned $2.10 EPS. On average, research analysts predict that Target Co. will post 8.6 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.35%. Target’s payout ratio is currently 47.51%.

Analyst Upgrades and Downgrades

TGT has been the topic of a number of recent analyst reports. Hsbc Global Res lowered Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Roth Mkm reduced their price target on shares of Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. Bank of America lowered their price objective on shares of Target from $195.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. Melius Research began coverage on shares of Target in a research report on Monday, September 23rd. They set a “buy” rating and a $180.00 target price on the stock. Finally, Oppenheimer reiterated an “outperform” rating and issued a $165.00 price target on shares of Target in a report on Monday, November 25th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, Target presently has a consensus rating of “Hold” and an average price target of $158.23.

About Target

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.