Indiana Trust & Investment Management Co Sells 110 Shares of Target Co. (NYSE:TGT)

Indiana Trust & Investment Management Co trimmed its position in Target Co. (NYSE:TGT) by 5.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,088 shares of the retailer’s stock after selling 110 shares during the quarter. Indiana Trust & Investment Management Co’s holdings in Target were worth $282,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in Target in the third quarter worth about $28,000. Wolff Wiese Magana LLC raised its stake in Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after buying an additional 133 shares during the last quarter. FSA Wealth Management LLC purchased a new position in Target in the third quarter worth about $36,000. Catalyst Capital Advisors LLC bought a new stake in Target during the third quarter valued at approximately $38,000. Finally, MCF Advisors LLC raised its holdings in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares during the period. 79.73% of the stock is owned by institutional investors.

Target Stock Up 0.9 %

Shares of NYSE:TGT opened at $132.44 on Wednesday. The company has a market capitalization of $60.68 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 2.04 and a beta of 1.15. The company has a 50 day moving average of $135.24 and a two-hundred day moving average of $143.67. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last issued 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 analyst estimates of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.10 EPS. As a group, analysts forecast that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date is Wednesday, February 12th. Target’s payout ratio is 47.51%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Piper Sandler dropped their target price on shares of Target from $156.00 to $130.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Truist Financial lifted their price target on Target from $129.00 to $134.00 and gave the stock a “hold” rating in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft lowered shares of Target from a “buy” rating to a “hold” rating and lowered their target price for the stock from $184.00 to $108.00 in a report on Wednesday, November 20th. TD Cowen cut their price target on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Finally, Hsbc Global Res downgraded Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $157.70.

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.