First National Bank & Trust Co. of Newtown Reduces Stock Position in Target Co. (NYSE:TGT)

First National Bank & Trust Co. of Newtown cut its holdings in Target Co. (NYSE:TGT) by 9.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,526 shares of the retailer’s stock after selling 2,391 shares during the quarter. Target makes up approximately 0.7% of First National Bank & Trust Co. of Newtown’s portfolio, making the stock its 25th largest holding. First National Bank & Trust Co. of Newtown’s holdings in Target were worth $3,180,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. LMG Wealth Partners LLC acquired a new stake in shares of Target in the fourth quarter valued at approximately $1,438,000. Ieq Capital LLC grew its position in shares of Target by 23.2% in the fourth quarter. Ieq Capital LLC now owns 57,528 shares of the retailer’s stock valued at $7,777,000 after purchasing an additional 10,824 shares during the last quarter. Private Advisor Group LLC grew its position in shares of Target by 4.8% in the fourth quarter. Private Advisor Group LLC now owns 67,335 shares of the retailer’s stock valued at $9,102,000 after purchasing an additional 3,059 shares during the last quarter. Good Life Advisors LLC boosted its position in Target by 16.1% during the fourth quarter. Good Life Advisors LLC now owns 5,097 shares of the retailer’s stock worth $689,000 after acquiring an additional 706 shares during the last quarter. Finally, Keene & Associates Inc. boosted its position in Target by 7.4% during the fourth quarter. Keene & Associates Inc. now owns 4,227 shares of the retailer’s stock worth $571,000 after acquiring an additional 290 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Trading Up 0.5 %

NYSE TGT opened at $130.76 on Thursday. Target Co. has a one year low of $120.21 and a one year high of $181.86. The company has a 50-day simple moving average of $134.75 and a 200-day simple moving average of $142.84. 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 firm has a market capitalization of $59.92 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15.

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

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is presently 47.51%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Roth Mkm decreased their target price on shares of Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Daiwa Capital Markets lowered shares of Target from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $170.00 to $130.00 in a research report on Tuesday, November 26th. Hsbc Global Res lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Citigroup raised their target price on shares of Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Finally, Gordon Haskett lowered shares of Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $157.70.

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.