Capital City Trust Co. FL Decreases Position in Target Co. (NYSE:TGT)

Capital City Trust Co. FL decreased its stake in Target Co. (NYSE:TGT) by 22.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,063 shares of the retailer’s stock after selling 898 shares during the period. Capital City Trust Co. FL’s holdings in Target were worth $414,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in shares of Target in the third quarter worth about $28,000. FSA Wealth Management LLC purchased a new stake in shares of Target in the third quarter worth about $36,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Target in the third quarter worth about $38,000. MCF Advisors LLC boosted 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 worth $35,000 after buying an additional 163 shares during the period. Finally, Raleigh Capital Management Inc. boosted its position in shares of Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after buying an additional 135 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TGT shares. Citigroup upped their target price on Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Telsey Advisory Group reissued an “outperform” rating and issued a $150.00 price target on shares of Target in a report on Friday, January 17th. HSBC downgraded Target from a “buy” rating to a “hold” rating and set a $138.00 price target for the company. in a report on Wednesday, November 20th. StockNews.com raised Target from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Oppenheimer reissued an “outperform” rating and issued a $165.00 price target on shares of Target in a report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Target presently has an average rating of “Hold” and a consensus price target of $157.70.

Target Stock Down 2.9 %

TGT opened at $124.40 on Friday. The stock’s 50 day moving average price is $134.41 and its 200 day moving average price is $142.67. 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 stock has a market cap of $57.00 billion, a P/E ratio of 13.19, a P/E/G ratio of 1.98 and a beta of 1.15. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The business had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Target’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the business posted $2.10 earnings per share. As a group, research analysts predict that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.60%. Target’s payout ratio is 47.51%.

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.