First National Bank of Omaha Buys New Stake in Target Corporation $TGT

First National Bank of Omaha purchased a new position in shares of Target Corporation (NYSE:TGT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 35,783 shares of the retailer’s stock, valued at approximately $3,210,000.

A number of other large investors also recently modified their holdings of TGT. Pin Oak Investment Advisors Inc. lifted its stake in shares of Target by 32.3% in the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 401 shares of the retailer’s stock worth $41,000 after acquiring an additional 98 shares during the period. OMERS ADMINISTRATION Corp lifted its position in Target by 0.6% in the second quarter. OMERS ADMINISTRATION Corp now owns 17,618 shares of the retailer’s stock worth $1,738,000 after purchasing an additional 100 shares during the period. Binnacle Investments Inc boosted its stake in Target by 11.4% during the 2nd quarter. Binnacle Investments Inc now owns 1,013 shares of the retailer’s stock valued at $100,000 after purchasing an additional 104 shares in the last quarter. IFG Advisory LLC increased its position in shares of Target by 1.4% during the 2nd quarter. IFG Advisory LLC now owns 7,387 shares of the retailer’s stock valued at $729,000 after purchasing an additional 105 shares during the period. Finally, Empirical Finance LLC raised its stake in shares of Target by 0.7% in the 2nd quarter. Empirical Finance LLC now owns 16,271 shares of the retailer’s stock worth $1,605,000 after buying an additional 109 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Down 0.9%

Shares of NYSE:TGT opened at $115.49 on Thursday. The firm has a 50 day simple moving average of $105.32 and a 200 day simple moving average of $97.23. Target Corporation has a 52 week low of $83.44 and a 52 week high of $131.70. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.27 and a current ratio of 0.97. The company has a market cap of $52.30 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 11.91 and a beta of 1.14.

Target (NYSE:TGT) last announced its earnings results on Wednesday, November 19th. The retailer reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.07. The company had revenue of $25.27 billion for the quarter, compared to the consensus estimate of $25.44 billion. Target had a net margin of 3.58% and a return on equity of 22.74%. The company’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.85 EPS. As a group, research analysts expect that Target Corporation will post 8.69 earnings per share for the current year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Wednesday, February 11th will be paid a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, February 11th. Target’s dividend payout ratio is currently 55.34%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TGT shares. Robert W. Baird decreased their target price on Target from $100.00 to $92.00 and set a “neutral” rating for the company in a research note on Thursday, November 20th. Evercore set a $105.00 price objective on shares of Target in a research report on Tuesday. DA Davidson set a $120.00 target price on shares of Target in a report on Monday, January 12th. Truist Financial raised their target price on shares of Target from $83.00 to $90.00 and gave the stock a “hold” rating in a report on Thursday, November 20th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Target in a report on Wednesday, January 21st. Ten equities research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $104.45.

About Target

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.