Target Co. (NYSE:TGT) Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. cut its holdings in shares of Target Co. (NYSE:TGT) by 83.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,865 shares of the retailer’s stock after selling 99,959 shares during the period. Cullen Frost Bankers Inc.’s holdings in Target were worth $2,685,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in shares of Target during the 3rd quarter valued at about $28,000. FSA Wealth Management LLC acquired a new stake in Target in the 3rd quarter worth about $36,000. MCF Advisors LLC boosted its holdings in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after buying an additional 163 shares during the last quarter. Raleigh Capital Management Inc. boosted its holdings in Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after buying an additional 135 shares during the last quarter. Finally, First Financial Corp IN boosted its holdings in Target by 330.8% in the 4th quarter. First Financial Corp IN now owns 280 shares of the retailer’s stock worth $38,000 after buying an additional 215 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Up 0.9 %

Shares of NYSE TGT opened at $115.11 on Friday. The firm has a market cap of $52.74 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 1.94 and a beta of 1.18. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. Target Co. has a 52-week low of $112.10 and a 52-week high of $181.86. The business’s 50 day moving average is $132.05 and its two-hundred day moving average is $141.51.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. Research analysts predict that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th were given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend was Wednesday, February 12th. Target’s dividend payout ratio is currently 50.56%.

Analysts Set New Price Targets

Several research firms recently issued reports on TGT. HSBC cut Target from a “buy” rating to a “hold” rating and set a $138.00 price objective on the stock. in a report on Wednesday, November 20th. Sanford C. Bernstein lifted their price objective on Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, January 28th. Jefferies Financial Group lowered their price objective on Target from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday. KGI Securities upgraded Target to a “hold” rating in a report on Wednesday. Finally, Gordon Haskett cut 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 assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $147.00.

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.