Colonial Trust Co SC Purchases 119 Shares of Target Co. (NYSE:TGT)

Colonial Trust Co SC increased its position in Target Co. (NYSE:TGT) by 7.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,643 shares of the retailer’s stock after acquiring an additional 119 shares during the period. Colonial Trust Co SC’s holdings in Target were worth $222,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its position in Target by 0.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 156,548 shares of the retailer’s stock valued at $21,162,000 after buying an additional 818 shares during the period. ST Germain D J Co. Inc. lifted its position in Target by 13.2% during the fourth quarter. ST Germain D J Co. Inc. now owns 6,749 shares of the retailer’s stock valued at $912,000 after purchasing an additional 785 shares in the last quarter. LVM Capital Management Ltd. MI purchased a new stake in Target in the fourth quarter worth about $595,000. HBW Advisory Services LLC lifted its position in shares of Target by 8.1% during the 4th quarter. HBW Advisory Services LLC now owns 17,031 shares of the retailer’s stock valued at $2,302,000 after buying an additional 1,282 shares in the last quarter. Finally, Czech National Bank grew its stake in shares of Target by 6.0% during the 4th quarter. Czech National Bank now owns 99,895 shares of the retailer’s stock valued at $13,504,000 after acquiring an additional 5,618 shares during the period. Institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

TGT has been the topic of a number of recent analyst reports. Sanford C. Bernstein restated a “market perform” rating on shares of Target in a research note on Wednesday, March 5th. Citigroup decreased their price objective on shares of Target from $120.00 to $95.00 and set a “neutral” rating on the stock in a research report on Thursday, April 17th. Roth Capital set a $122.00 target price on shares of Target in a report on Wednesday, March 5th. Jefferies Financial Group lowered their price objective on Target from $165.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Finally, The Goldman Sachs Group cut Target from a “buy” rating to a “neutral” rating and cut their target price for the stock from $142.00 to $101.00 in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, twenty-three have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $132.37.

Target Stock Performance

TGT stock opened at $96.95 on Friday. Target Co. has a twelve month low of $87.35 and a twelve month high of $167.40. The firm has a market cap of $44.05 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 1.94 and a beta of 1.27. The business’s fifty day simple moving average is $100.29 and its two-hundred day simple moving average is $124.17. 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 posted its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. Analysts predict that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 4.62%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s dividend payout ratio is presently 50.56%.

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.