First National Bank of Hutchinson Has $761,000 Holdings in Target Co. (NYSE:TGT)

First National Bank of Hutchinson grew its position in Target Co. (NYSE:TGT) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,631 shares of the retailer’s stock after buying an additional 221 shares during the quarter. First National Bank of Hutchinson’s holdings in Target were worth $761,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. State Street Corp boosted its stake in Target by 8.3% in the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after purchasing an additional 2,732,801 shares during the period. FMR LLC lifted its holdings in shares of Target by 11.7% in the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after purchasing an additional 1,046,044 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Target by 1.4% during the third quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock valued at $1,461,456,000 after buying an additional 130,691 shares in the last quarter. Bank of New York Mellon Corp raised its position in Target by 6.5% during the fourth quarter. Bank of New York Mellon Corp now owns 3,832,585 shares of the retailer’s stock valued at $518,089,000 after buying an additional 234,409 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Target by 1.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,321,055 shares of the retailer’s stock worth $517,620,000 after acquiring an additional 62,916 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TGT has been the topic of several research analyst reports. Telsey Advisory Group lowered their target price on Target from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 5th. KGI Securities set a $132.00 price objective on shares of Target in a research note on Wednesday, March 5th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Target in a research report on Wednesday, March 5th. Citigroup lowered their price target on shares of Target from $133.00 to $120.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Finally, Gordon Haskett lowered 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, seventeen have issued a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, Target presently has a consensus rating of “Hold” and an average price target of $145.87.

Target Stock Up 0.2 %

Shares of TGT stock opened at $104.81 on Thursday. The stock has a 50 day moving average of $127.31 and a 200-day moving average of $138.71. The firm has a market cap of $47.75 billion, a PE ratio of 11.11, a price-to-earnings-growth 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 12 month low of $103.46 and a 12 month high of $181.86.

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

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be issued a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.27%. Target’s dividend payout ratio (DPR) is 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.