Target Co. (NYSE:TGT) Shares Sold by Kennebec Savings Bank

Kennebec Savings Bank reduced its stake in Target Co. (NYSE:TGT) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,149 shares of the retailer’s stock after selling 218 shares during the period. Kennebec Savings Bank’s holdings in Target were worth $576,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisory Alpha LLC grew its holdings in Target by 7.2% during the second quarter. Advisory Alpha LLC now owns 1,435 shares of the retailer’s stock worth $213,000 after acquiring an additional 96 shares during the period. Creekside Partners acquired a new position in shares of Target in the 2nd quarter worth approximately $343,000. Sanctuary Advisors LLC acquired a new stake in Target during the second quarter valued at approximately $15,591,000. Greater Midwest Financial Group LLC bought a new stake in Target during the second quarter worth approximately $242,000. Finally, Mattson Financial Services LLC bought a new stake in shares of Target during the 2nd quarter worth $2,681,000. 79.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on TGT shares. StockNews.com raised Target from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Truist Financial raised their target price on shares of Target from $129.00 to $134.00 and gave the stock a “hold” rating in a report on Friday, January 17th. TD Cowen reduced their price target on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. BMO Capital Markets lowered their price objective on shares of Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research report on Thursday, November 21st. Finally, Roth Mkm reduced their target price on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $157.70.

Target Price Performance

Shares of Target stock opened at $140.37 on Friday. 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 company has a market cap of $64.32 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 2.28 and a beta of 1.16. The firm has a fifty day moving average price of $134.17 and a two-hundred day moving average price of $144.61. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The firm had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Target’s revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.10 EPS. Analysts expect that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Wednesday, February 12th. Target’s payout ratio is 47.51%.

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.