Fiduciary Trust Co Has $3.07 Million Holdings in Target Co. (NYSE:TGT)

Fiduciary Trust Co grew its holdings in Target Co. (NYSE:TGT) by 2.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,708 shares of the retailer’s stock after purchasing an additional 406 shares during the quarter. Fiduciary Trust Co’s holdings in Target were worth $3,072,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Triad Wealth Partners LLC acquired a new stake in shares of Target in the second quarter valued at approximately $25,000. Slocum Gordon & Co LLP bought a new stake in Target during the second quarter worth about $28,000. Hobbs Group Advisors LLC bought a new stake in Target during the second quarter worth about $31,000. Wolff Wiese Magana LLC raised its stake in Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after acquiring an additional 133 shares in the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new stake in Target during the 3rd quarter valued at approximately $38,000. Institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. HSBC lowered Target from a “buy” rating to a “hold” rating and set a $138.00 target price for the company. in a research report on Wednesday, November 20th. Morgan Stanley reaffirmed an “overweight” rating and issued a $180.00 price target on shares of Target in a research note on Wednesday, August 21st. Truist Financial lifted their price target on Target from $156.00 to $162.00 and gave the company a “hold” rating in a research report on Thursday, August 22nd. Hsbc Global Res downgraded Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Melius Research began coverage on Target in a report on Monday, September 23rd. They set a “buy” rating and a $180.00 price target on the stock. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $160.30.

Target Stock Performance

Shares of TGT stock opened at $130.09 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. The business’s fifty day simple moving average is $149.31 and its 200-day simple moving average is $148.78. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86. The company has a market cap of $59.93 billion, a PE ratio of 13.80, a PEG ratio of 2.14 and a beta of 1.24.

Target (NYSE:TGT) last posted its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.45). The firm had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The company’s revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.10 earnings per share. Analysts expect that Target Co. will post 8.6 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, November 20th. This represents a $4.48 annualized dividend and a dividend yield of 3.44%. Target’s dividend payout ratio (DPR) is currently 47.51%.

Insider Buying and Selling

In other Target news, insider Richard H. Gomez sold 6,348 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $157.17, for a total value of $997,715.16. Following the sale, the insider now owns 123,551 shares of the company’s stock, valued at $19,418,510.67. This represents a 4.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.15% of the stock is owned by company insiders.

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.