CoreFirst Bank & Trust Purchases Shares of 2,529 Target Co. (NYSE:TGT)

CoreFirst Bank & Trust purchased a new stake in Target Co. (NYSE:TGT) during the 4th quarter, Holdings Channel reports. The firm purchased 2,529 shares of the retailer’s stock, valued at approximately $342,000.

A number of other hedge funds have also modified their holdings of the business. Legacy Investment Solutions LLC acquired a new stake in Target during the 3rd quarter valued at $28,000. Hopwood Financial Services Inc. acquired a new position in shares of Target in the fourth quarter worth $29,000. MCF Advisors LLC lifted its position in shares of Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after acquiring an additional 163 shares in the last quarter. Raleigh Capital Management Inc. increased its position in Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after purchasing an additional 135 shares in the last quarter. Finally, FSA Wealth Management LLC acquired a new position in Target in the 3rd quarter valued at about $36,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Stock Performance

Shares of TGT stock opened at $108.43 on Tuesday. The company’s fifty day moving average price is $125.28 and its two-hundred day moving average price is $137.62. 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 firm has a market capitalization of $49.40 billion, a P/E ratio of 11.50, a P/E/G ratio of 1.94 and a beta of 1.18. Target Co. has a 12 month low of $101.76 and a 12 month high of $181.86.

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

Target Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.13%. Target’s dividend payout ratio (DPR) is presently 50.56%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TGT shares. KGI Securities set a $132.00 price target on shares of Target in a research note on Wednesday, March 5th. Jefferies Financial Group lowered their target price on shares of Target from $165.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Wells Fargo & Company reduced their price target on Target from $150.00 to $135.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. Bank of America lowered their price objective on Target from $160.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Finally, Daiwa America lowered Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $145.55.

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.