Target Co. (NYSE:TGT) Holdings Decreased by Indiana Trust & Investment Management Co

Indiana Trust & Investment Management Co cut its position in shares of Target Co. (NYSE:TGT) by 5.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,088 shares of the retailer’s stock after selling 110 shares during the quarter. Indiana Trust & Investment Management Co’s holdings in Target were worth $282,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TGT. Ritholtz Wealth Management lifted its holdings in shares of Target by 20.0% in the 3rd quarter. Ritholtz Wealth Management now owns 4,040 shares of the retailer’s stock worth $630,000 after purchasing an additional 672 shares during the last quarter. Koshinski Asset Management Inc. bought a new stake in Target in the third quarter valued at $998,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Target by 5.9% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,524 shares of the retailer’s stock valued at $549,000 after acquiring an additional 195 shares during the period. Creative Planning grew its position in shares of Target by 10.3% during the third quarter. Creative Planning now owns 218,600 shares of the retailer’s stock worth $32,247,000 after acquiring an additional 20,360 shares during the last quarter. Finally, Occidental Asset Management LLC increased its holdings in shares of Target by 5.8% in the 3rd quarter. Occidental Asset Management LLC now owns 18,459 shares of the retailer’s stock worth $2,877,000 after acquiring an additional 1,011 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on TGT shares. Daiwa Capital Markets lowered shares of Target from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $170.00 to $130.00 in a research note on Tuesday, November 26th. Evercore ISI reduced their price objective on Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research report on Thursday, November 21st. Guggenheim raised their target price on Target from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Bank of America reduced their price target on Target from $195.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. Finally, Roth Mkm lowered their price target on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Target has a consensus rating of “Hold” and a consensus target price of $157.70.

Target Price Performance

Shares of Target stock opened at $132.44 on Wednesday. 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 firm has a fifty day simple moving average of $135.24 and a 200-day simple moving average of $143.67. The stock has a market capitalization of $60.68 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 2.04 and a beta of 1.15. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86.

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

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be paid a $1.12 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.38%. Target’s payout ratio is 47.51%.

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.