Whittier Trust Co. Sells 6,803 Shares of Target Co. (NYSE:TGT)

Whittier Trust Co. lowered its position in Target Co. (NYSE:TGT) by 17.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,281 shares of the retailer’s stock after selling 6,803 shares during the period. Whittier Trust Co.’s holdings in Target were worth $4,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Cynosure Group LLC lifted its stake in Target by 4.3% in the third quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after purchasing an additional 65 shares during the last quarter. Hancock Whitney Corp boosted its holdings in shares of Target by 3.3% in the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock valued at $336,000 after purchasing an additional 68 shares during the period. Kathmere Capital Management LLC grew its stake in Target by 3.0% in the fourth quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock worth $343,000 after purchasing an additional 73 shares in the last quarter. Cahill Financial Advisors Inc. increased its holdings in Target by 1.0% during the 3rd quarter. Cahill Financial Advisors Inc. now owns 7,490 shares of the retailer’s stock worth $1,197,000 after purchasing an additional 76 shares during the period. Finally, Summit Financial Wealth Advisors LLC raised its position in Target by 2.5% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 3,100 shares of the retailer’s stock valued at $483,000 after purchasing an additional 76 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TGT shares. Telsey Advisory Group dropped their price target on Target from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 5th. Bank of America cut their price target on Target from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Truist Financial cut their price target on Target from $134.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday, March 5th. The Goldman Sachs Group cut their price target on Target from $166.00 to $142.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Finally, BMO Capital Markets cut their price target on Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $145.55.

Target Price Performance

Shares of NYSE TGT opened at $104.19 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The company has a market cap of $47.47 billion, a PE ratio of 11.05, a P/E/G ratio of 1.94 and a beta of 1.18. The business has a 50-day simple moving average of $126.64 and a two-hundred day simple moving average of $138.47. Target Co. has a fifty-two week low of $103.46 and a fifty-two week high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.17. The business had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. As a group, equities analysts expect that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be paid a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 4.30%. The ex-dividend date is Wednesday, May 14th. Target’s payout ratio is 50.56%.

Target 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.