Community Bank & Trust Waco Texas Sells 80 Shares of Target Co. (NYSE:TGT)

Community Bank & Trust Waco Texas reduced its position in shares of Target Co. (NYSE:TGT) by 0.8% in the fourth quarter, HoldingsChannel reports. The firm owned 10,339 shares of the retailer’s stock after selling 80 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Target were worth $1,398,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in TGT. Legacy Investment Solutions LLC bought a new stake in shares of Target during the 3rd quarter valued at about $28,000. Wolff Wiese Magana LLC lifted its position in shares of Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after buying an additional 133 shares in the last quarter. MCF Advisors LLC lifted its position in shares of Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after buying an additional 163 shares in the last quarter. Raleigh Capital Management Inc. lifted its position in shares of Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after buying an additional 135 shares in the last quarter. Finally, FSA Wealth Management LLC purchased a new position in shares of Target during the 3rd quarter valued at about $36,000. 79.73% of the stock is currently owned by institutional investors.

Target Stock Performance

TGT stock opened at $131.34 on Tuesday. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The business’s fifty day simple moving average is $135.22 and its two-hundred day simple moving average is $143.78. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86. The firm has a market cap of $60.18 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 2.04 and a beta of 1.15.

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

Target Announces Dividend

The firm 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 $1.12 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.41%. Target’s payout ratio is 47.51%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Daiwa Capital Markets cut Target from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $170.00 to $130.00 in a research report on Tuesday, November 26th. Oppenheimer reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Target in a research report on Monday, November 25th. Deutsche Bank Aktiengesellschaft cut Target from a “buy” rating to a “hold” rating and lowered their price objective for the company from $184.00 to $108.00 in a research report on Wednesday, November 20th. StockNews.com raised Target from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Finally, Sanford C. Bernstein boosted their price target on Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $157.70.

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.