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

Whittier Trust Co. trimmed its position in shares of Target Co. (NYSE:TGT) by 17.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,281 shares of the retailer’s stock after selling 6,803 shares during the quarter. 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 hedge funds and other institutional investors have also recently modified their holdings of the company. Symmetry Partners LLC bought a new position in shares of Target during the 4th quarter valued at $204,000. TAP Consulting LLC increased its stake in shares of Target by 4.4% in the 4th quarter. TAP Consulting LLC now owns 16,099 shares of the retailer’s stock worth $2,176,000 after purchasing an additional 681 shares in the last quarter. First National Bank of Hutchinson increased its stake in shares of Target by 4.1% in the 4th quarter. First National Bank of Hutchinson now owns 5,631 shares of the retailer’s stock worth $761,000 after purchasing an additional 221 shares in the last quarter. Royal London Asset Management Ltd. increased its stake in shares of Target by 1.4% in the 4th quarter. Royal London Asset Management Ltd. now owns 196,592 shares of the retailer’s stock worth $26,575,000 after purchasing an additional 2,659 shares in the last quarter. Finally, West Tower Group LLC purchased a new stake in shares of Target in the 4th quarter worth $460,000. 79.73% of the stock is owned by institutional investors.

Target Stock Down 0.7 %

Shares of NYSE:TGT opened at $104.19 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target Co. has a 12 month low of $103.46 and a 12 month high of $181.86. The company has a 50-day moving average price of $126.64 and a 200 day moving average price of $138.47. The company has a market cap of $47.47 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 1.94 and a beta of 1.18.

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

Target Announces Dividend

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

Wall Street Analyst Weigh In

TGT has been the subject of several analyst reports. Truist Financial reduced their price objective on Target from $134.00 to $124.00 and set a “hold” rating for the company in a research note on Wednesday, March 5th. Bank of America reduced their price objective on Target from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Gordon Haskett lowered Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. KGI Securities set a $132.00 price objective on Target in a research note 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 given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Target currently has a consensus rating of “Hold” and an average price target of $145.55.

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.