Tompkins Financial Corp Has $423,000 Stock Holdings in Target Co. (NYSE:TGT)

Tompkins Financial Corp lowered its holdings in Target Co. (NYSE:TGT) by 17.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,129 shares of the retailer’s stock after selling 650 shares during the quarter. Tompkins Financial Corp’s holdings in Target were worth $423,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC acquired a new stake in shares of Target in the third quarter worth $28,000. Wolff Wiese Magana LLC boosted its holdings in Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after purchasing an additional 133 shares during the period. FSA Wealth Management LLC bought a new position in shares of Target during the 3rd quarter worth about $36,000. Catalyst Capital Advisors LLC acquired a new position in shares of Target during the third quarter valued at about $38,000. Finally, Reston Wealth Management LLC bought a new stake in shares of Target in the third quarter valued at about $41,000. 79.73% of the stock is owned by institutional investors.

Target Stock Performance

Shares of NYSE:TGT opened at $133.06 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86. The stock has a market capitalization of $60.97 billion, a P/E ratio of 14.11, a P/E/G ratio of 2.32 and a beta of 1.16. The business has a 50-day moving average price of $136.81 and a two-hundred day moving average price of $145.31.

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

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors 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 dividend on an annualized basis and a dividend yield of 3.37%. Target’s dividend payout ratio (DPR) is presently 47.51%.

Analysts Set New Price Targets

TGT has been the topic of several research reports. JPMorgan Chase & Co. lowered their price target on Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. Roth Mkm cut their target price on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft downgraded shares of Target from a “buy” rating to a “hold” rating and decreased their price target for the stock from $184.00 to $108.00 in a research note on Wednesday, November 20th. Melius Research assumed 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. Finally, HSBC lowered shares of Target from a “buy” rating to a “hold” rating and set a $138.00 target price on the stock. in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $159.07.

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.