Pinnacle Bancorp Inc. Increases Holdings in Target Co. (NYSE:TGT)

Pinnacle Bancorp Inc. boosted its position in Target Co. (NYSE:TGT) by 11.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,026 shares of the retailer’s stock after purchasing an additional 200 shares during the period. Pinnacle Bancorp Inc.’s holdings in Target were worth $274,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Cynosure Group LLC boosted its stake in shares of Target by 4.3% in the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock valued at $248,000 after purchasing an additional 65 shares in the last quarter. Financial Advocates Investment Management lifted its stake in Target by 1.2% in the third quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock worth $894,000 after purchasing an additional 67 shares during the last quarter. Hancock Whitney Corp boosted its position in Target by 3.3% during the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock valued at $336,000 after buying an additional 68 shares during the period. Trust Co. of Vermont increased its holdings in shares of Target by 0.4% in the third quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer’s stock worth $2,444,000 after buying an additional 69 shares during the period. Finally, Eagle Bluffs Wealth Management LLC lifted its stake in shares of Target by 1.1% in the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock valued at $1,063,000 after acquiring an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Trading Down 1.4 %

Target stock opened at $134.58 on Thursday. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. 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 $137.06 and its two-hundred day simple moving average is $145.39. The company has a market capitalization of $61.67 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 2.21 and a beta of 1.16.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 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 net margin of 4.06% and a return on equity of 31.11%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the company posted $2.10 earnings per share. As a group, equities analysts predict 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 Saturday, March 1st. Investors of record on Wednesday, February 12th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.33%. Target’s payout ratio is currently 47.51%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. TD Cowen reduced their price target on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Hsbc Global Res cut shares of Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. Piper Sandler lowered their price target on shares of Target from $156.00 to $130.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Citigroup cut shares of Target from a “buy” rating to a “neutral” rating and dropped their price target for the company from $188.00 to $130.00 in a research report on Wednesday, November 20th. Finally, Bank of America decreased their price objective on shares of Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. One 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, the stock has a consensus rating of “Hold” and an average target price of $160.57.

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.