Argent Trust Co Purchases 1,603 Shares of Target Co. (NYSE:TGT)

Argent Trust Co boosted its stake in shares of Target Co. (NYSE:TGT) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,695 shares of the retailer’s stock after purchasing an additional 1,603 shares during the period. Argent Trust Co’s holdings in Target were worth $8,205,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in TGT. Kathmere Capital Management LLC increased its position in shares of Target by 3.0% in the 4th quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock worth $343,000 after purchasing an additional 73 shares during the last quarter. Horrell Capital Management Inc. boosted its position in Target by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer’s stock worth $3,603,000 after purchasing an additional 76 shares during the period. First PREMIER Bank raised its stake in Target by 21.9% during the fourth quarter. First PREMIER Bank now owns 445 shares of the retailer’s stock worth $61,000 after acquiring an additional 80 shares in the last quarter. Winch Advisory Services LLC boosted its holdings in shares of Target by 34.5% during the 4th quarter. Winch Advisory Services LLC now owns 320 shares of the retailer’s stock worth $43,000 after buying an additional 82 shares in the last quarter. Finally, CENTRAL TRUST Co grew its stake in Target by 0.4% in the 4th quarter. CENTRAL TRUST Co now owns 18,593 shares of the retailer’s stock valued at $2,513,000 after purchasing an additional 82 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TGT shares. The Goldman Sachs Group reduced their price target on Target from $166.00 to $142.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. DA Davidson cut their price target on Target from $153.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Gordon Haskett lowered Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Truist Financial cut their price target on Target from $124.00 to $82.00 and set a “hold” rating on the stock in a report on Tuesday. Finally, Jefferies Financial Group dropped their price target on Target from $165.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, twenty have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Target has a consensus rating of “Hold” and a consensus price target of $136.03.

Target Stock Down 4.8 %

NYSE:TGT traded down $4.73 during trading hours on Thursday, reaching $92.96. The company had a trading volume of 1,077,926 shares, compared to its average volume of 5,460,626. The firm has a market cap of $42.35 billion, a price-to-earnings ratio of 9.86, a P/E/G ratio of 1.94 and a beta of 1.28. The business’s 50-day simple moving average is $114.70 and its two-hundred day simple moving average is $132.73. Target Co. has a twelve month low of $87.35 and a twelve month high of $173.05. 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 (NYSE:TGT) last announced its quarterly earnings data 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 net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. On average, equities analysts expect that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 4.82%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio is presently 50.56%.

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.