Pinnacle Bancorp Inc. Buys 168 Shares of Target Co. (NYSE:TGT)

Pinnacle Bancorp Inc. raised its stake in shares of Target Co. (NYSE:TGT) by 10.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,778 shares of the retailer’s stock after purchasing an additional 168 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in Target were worth $253,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Plancorp LLC increased its holdings in shares of Target by 2.1% in the 1st quarter. Plancorp LLC now owns 2,520 shares of the retailer’s stock valued at $535,000 after acquiring an additional 53 shares during the last quarter. Beacon Financial Advisory LLC grew its stake in Target by 1.0% during the 4th quarter. Beacon Financial Advisory LLC now owns 7,059 shares of the retailer’s stock worth $1,005,000 after buying an additional 72 shares during the last quarter. VisionPoint Advisory Group LLC grew its stake in Target by 4.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,887 shares of the retailer’s stock worth $209,000 after buying an additional 80 shares during the last quarter. iA Global Asset Management Inc. grew its stake in Target by 0.4% during the 3rd quarter. iA Global Asset Management Inc. now owns 22,760 shares of the retailer’s stock worth $2,517,000 after buying an additional 83 shares during the last quarter. Finally, Ballast Inc. grew its stake in Target by 0.8% during the 4th quarter. Ballast Inc. now owns 10,988 shares of the retailer’s stock worth $1,565,000 after buying an additional 85 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Trading Down 1.2 %

Target stock traded down $2.07 during midday trading on Monday, reaching $169.70. The stock had a trading volume of 2,122,907 shares, compared to its average volume of 3,864,034. Target Co. has a twelve month low of $102.93 and a twelve month high of $181.86. The stock has a market capitalization of $78.35 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 1.61 and a beta of 1.14. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.29 and a current ratio of 0.91. The stock’s 50-day simple moving average is $158.89 and its 200 day simple moving average is $137.37.

Target (NYSE:TGT) last issued its quarterly earnings data on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.57. Target had a return on equity of 33.41% and a net margin of 3.85%. The company had revenue of $31.47 billion for the quarter, compared to analysts’ expectations of $31.83 billion. During the same quarter in the previous year, the firm posted $1.89 earnings per share. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts expect that Target Co. will post 9.39 EPS for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Tuesday, May 14th. Target’s dividend payout ratio (DPR) is 49.27%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TGT shares. Bank of America raised their price target on Target from $160.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Morgan Stanley raised their price target on Target from $165.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. JPMorgan Chase & Co. raised their price target on Target from $125.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. The Goldman Sachs Group increased their price objective on Target from $176.00 to $194.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Stifel Nicolaus increased their price objective on Target from $153.00 to $177.00 and gave the stock a “hold” rating in a research report on Wednesday, March 6th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $182.04.

Insider Buying and Selling

In related news, insider Christina Hennington sold 4,600 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $170.88, for a total value of $786,048.00. Following the transaction, the insider now owns 38,487 shares in the company, valued at $6,576,658.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $167.52, for a total value of $7,538,400.00. Following the completion of the sale, the insider now directly owns 346,919 shares of the company’s stock, valued at $58,115,870.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Christina Hennington sold 4,600 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $170.88, for a total value of $786,048.00. Following the completion of the sale, the insider now directly owns 38,487 shares of the company’s stock, valued at $6,576,658.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,600 shares of company stock worth $8,819,598. 0.23% of the stock is currently owned by corporate insiders.

About Target

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.