Target Corporation $TGT Shares Sold by AMG National Trust Bank

AMG National Trust Bank lowered its position in Target Corporation (NYSE:TGT) by 74.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,264 shares of the retailer’s stock after selling 39,645 shares during the quarter. AMG National Trust Bank’s holdings in Target were worth $1,190,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. CWM LLC raised its position in shares of Target by 41.5% during the 3rd quarter. CWM LLC now owns 38,819 shares of the retailer’s stock worth $3,482,000 after purchasing an additional 11,378 shares during the last quarter. Twelve Points Wealth Management LLC purchased a new position in Target during the third quarter worth $1,236,000. NewSquare Capital LLC increased its position in Target by 122.5% during the second quarter. NewSquare Capital LLC now owns 41,719 shares of the retailer’s stock worth $4,086,000 after buying an additional 22,968 shares in the last quarter. QVR LLC acquired a new position in shares of Target in the second quarter worth $11,014,000. Finally, LJI Wealth Management LLC lifted its position in shares of Target by 446.4% in the third quarter. LJI Wealth Management LLC now owns 23,836 shares of the retailer’s stock valued at $2,138,000 after acquiring an additional 19,474 shares in the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on TGT shares. Jefferies Financial Group reiterated a “buy” rating and set a $115.00 price objective on shares of Target in a research report on Thursday, December 18th. Guggenheim raised their price target on shares of Target from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Wolfe Research raised shares of Target from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, January 27th. JPMorgan Chase & Co. reduced their price objective on shares of Target from $117.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Finally, BMO Capital Markets lowered their target price on shares of Target from $95.00 to $90.00 and set a “market perform” rating for the company in a research note on Thursday, November 20th. Ten equities research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $104.45.

Target Stock Up 0.8%

Shares of NYSE TGT opened at $116.62 on Monday. The stock has a market capitalization of $52.81 billion, a PE ratio of 14.15, a P/E/G ratio of 11.93 and a beta of 1.14. The company has a quick ratio of 0.27, a current ratio of 0.97 and a debt-to-equity ratio of 0.99. The firm has a fifty day moving average of $106.09 and a 200-day moving average of $97.39. Target Corporation has a 52-week low of $83.44 and a 52-week high of $127.89.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Wednesday, February 11th will be paid a dividend of $1.14 per share. The ex-dividend date is Wednesday, February 11th. This represents a $4.56 annualized dividend and a yield of 3.9%. Target’s dividend payout ratio is currently 55.34%.

About Target

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.