First National Bank of Hutchinson Acquires 221 Shares of Target Co. (NYSE:TGT)

First National Bank of Hutchinson boosted its holdings in Target Co. (NYSE:TGT) by 4.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,631 shares of the retailer’s stock after purchasing an additional 221 shares during the period. First National Bank of Hutchinson’s holdings in Target were worth $761,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of Target by 8.3% in the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after purchasing an additional 2,732,801 shares during the period. FMR LLC boosted its stake in Target by 11.7% in the 3rd quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after buying an additional 1,046,044 shares in the last quarter. Geode Capital Management LLC grew its position in Target by 1.4% in the third quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock valued at $1,461,456,000 after acquiring an additional 130,691 shares during the period. Bank of New York Mellon Corp raised its stake in Target by 6.5% during the fourth quarter. Bank of New York Mellon Corp now owns 3,832,585 shares of the retailer’s stock worth $518,089,000 after acquiring an additional 234,409 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Target by 1.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,321,055 shares of the retailer’s stock worth $517,620,000 after acquiring an additional 62,916 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TGT shares. Daiwa Capital Markets lowered shares of Target from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $170.00 to $130.00 in a report on Tuesday, November 26th. HSBC lowered shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price target on the stock. in a research report on Wednesday, November 20th. Citigroup cut their target price on shares of Target from $133.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday, March 5th. Roth Mkm reissued a “neutral” rating and issued a $122.00 target price (down from $131.00) on shares of Target in a report on Wednesday, March 5th. Finally, Guggenheim raised their price target on Target from $145.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Target currently has an average rating of “Hold” and an average price target of $145.87.

Target Stock Up 0.2 %

Shares of Target stock opened at $104.81 on Thursday. The company has a market capitalization of $47.75 billion, a P/E ratio of 11.11, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The business has a 50-day moving average of $127.31 and a two-hundred day moving average of $138.71. Target Co. has a 1 year low of $103.46 and a 1 year high of $181.86.

Target (NYSE:TGT) last announced its 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. The firm had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. As a group, equities analysts predict that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s payout ratio is presently 50.56%.

Target Company 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.