Plimoth Trust Co. LLC Trims Stock Holdings in Target Co. (NYSE:TGT)

Plimoth Trust Co. LLC decreased its holdings in Target Co. (NYSE:TGT) by 2.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,751 shares of the retailer’s stock after selling 222 shares during the period. Plimoth Trust Co. LLC’s holdings in Target were worth $1,318,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in shares of Target in the third quarter worth about $28,000. Wolff Wiese Magana LLC increased its stake in shares of Target by 156.5% in the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after purchasing an additional 133 shares in the last quarter. MCF Advisors LLC increased its stake in shares of Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares in the last quarter. Raleigh Capital Management Inc. increased its stake in shares of Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after purchasing an additional 135 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new position in shares of Target in the third quarter valued at approximately $36,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Up 0.4 %

Shares of TGT stock traded up $0.62 during mid-day trading on Wednesday, reaching $141.68. 197,383 shares of the company’s stock traded hands, compared to its average volume of 4,985,854. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The company has a market cap of $64.92 billion, a P/E ratio of 15.04, a P/E/G ratio of 2.21 and a beta of 1.16. 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 company’s 50-day moving average price is $133.80 and its 200-day moving average price is $144.64.

Target (NYSE:TGT) last announced its earnings results 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 business had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter last year, the firm posted $2.10 EPS. The business’s quarterly revenue was up .9% on a year-over-year basis. On average, equities analysts expect that Target Co. will post 8.68 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is presently 47.51%.

Analyst Ratings Changes

TGT has been the subject of a number of analyst reports. Bank of America cut their price objective on shares of Target from $195.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. JPMorgan Chase & Co. cut their price objective on shares of Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Guggenheim lifted their target price on shares of Target from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Citigroup lifted their target price on shares of Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $150.00 target price on shares of Target in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, 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.