CNB Bank Sells 586 Shares of Target Co. (NYSE:TGT)

CNB Bank decreased its position in Target Co. (NYSE:TGT) by 12.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,997 shares of the retailer’s stock after selling 586 shares during the period. CNB Bank’s holdings in Target were worth $540,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of TGT. Legacy Investment Solutions LLC acquired a new position in Target during the third quarter valued at approximately $28,000. Wolff Wiese Magana LLC boosted its holdings in shares of 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 buying an additional 133 shares during the last quarter. FSA Wealth Management LLC bought a new position in shares of Target in the third quarter valued at $36,000. Catalyst Capital Advisors LLC acquired a new stake in Target in the third quarter valued at $38,000. Finally, Reston Wealth Management LLC bought a new position in shares of Target in the 3rd quarter valued at about $41,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the subject of a number of research analyst reports. Telsey Advisory Group reiterated an “outperform” rating and set a $150.00 price target on shares of Target in a report on Friday. Citigroup cut shares of Target from a “buy” rating to a “neutral” rating and cut their target price for the stock from $188.00 to $130.00 in a research note on Wednesday, November 20th. JPMorgan Chase & Co. decreased their price target on shares of Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. Wells Fargo & Company cut their price objective on shares of Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Finally, Sanford C. Bernstein started coverage on shares of Target in a report on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 target price on the stock. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $159.07.

Target Price Performance

Shares of NYSE:TGT opened at $131.57 on Friday. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The stock has a market cap of $60.29 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 2.32 and a beta of 1.16. The stock’s fifty day simple moving average is $136.81 and its two-hundred day simple moving average is $145.31.

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

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.40%. Target’s dividend payout ratio (DPR) is currently 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.