Target Co. (TGT) Holdings Increased by Plimoth Trust Co. LLC

Plimoth Trust Co. LLC raised its holdings in shares of Target Co. (NYSE:TGT) by 10.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,538 shares of the retailer’s stock after purchasing an additional 2,775 shares during the period. Plimoth Trust Co. LLC’s holdings in Target were worth $2,371,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TGT. Oregon Public Employees Retirement Fund boosted its stake in Target by 5,697.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 18,484,117 shares of the retailer’s stock valued at $280,000 after purchasing an additional 18,165,298 shares during the last quarter. Norges Bank purchased a new stake in Target during the 4th quarter valued at $358,987,000. Boston Partners purchased a new stake in Target during the 4th quarter valued at $310,033,000. Nordea Investment Management AB boosted its stake in Target by 2,417.6% during the 4th quarter. Nordea Investment Management AB now owns 1,811,859 shares of the retailer’s stock valued at $119,742,000 after purchasing an additional 1,739,892 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in Target by 3.2% during the 4th quarter. BlackRock Inc. now owns 43,222,017 shares of the retailer’s stock valued at $2,856,544,000 after purchasing an additional 1,334,425 shares during the last quarter. Institutional investors and hedge funds own 83.89% of the company’s stock.

In related news, insider Cathy R. Smith sold 30,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $74.00, for a total value of $2,220,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert M. Harrison sold 1,791 shares of the firm’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $80.28, for a total value of $143,781.48. Following the completion of the transaction, the insider now directly owns 12,836 shares in the company, valued at $1,030,474.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,977 shares of company stock worth $2,774,409. 0.19% of the stock is owned by insiders.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Target from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research note on Friday, March 8th. Deutsche Bank raised their price target on Target from $80.00 to $84.00 and gave the stock a “hold” rating in a research note on Wednesday, March 6th. Citigroup restated a “neutral” rating and issued a $78.00 price target on shares of Target in a research note on Tuesday, February 26th. Telsey Advisory Group restated an “outperform” rating and issued a $86.00 price target (down from $100.00) on shares of Target in a research note on Monday, January 7th. Finally, Tigress Financial restated a “buy” rating on shares of Target in a research note on Thursday, January 17th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $87.44.

Shares of Target stock opened at $83.26 on Friday. Target Co. has a one year low of $60.15 and a one year high of $90.39. The firm has a market capitalization of $42.99 billion, a P/E ratio of 15.45, a P/E/G ratio of 2.25 and a beta of 0.68. The company has a current ratio of 0.83, a quick ratio of 0.20 and a debt-to-equity ratio of 1.08.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 5th. The retailer reported $1.53 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.53. Target had a return on equity of 25.74% and a net margin of 3.90%. The company had revenue of $22.98 billion for the quarter, compared to analysts’ expectations of $23.05 billion. During the same period last year, the firm earned $1.37 EPS. Target’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, analysts forecast that Target Co. will post 5.79 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a $0.64 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $2.56 dividend on an annualized basis and a yield of 3.07%. Target’s dividend payout ratio is currently 47.50%.

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Target Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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