Cambridge Trust Co. Sells 326 Shares of Target Co. (NYSE:TGT)

Cambridge Trust Co. lessened its position in shares of Target Co. (NYSE:TGT) by 21.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,223 shares of the retailer’s stock after selling 326 shares during the period. Cambridge Trust Co.’s holdings in Target were worth $217,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of TGT. Godsey & Gibb Inc. increased its holdings in shares of Target by 148.6% in the 1st quarter. Godsey & Gibb Inc. now owns 174 shares of the retailer’s stock worth $31,000 after buying an additional 104 shares during the last quarter. Washington Trust Advisors Inc. boosted its stake in shares of Target by 56.1% in the 1st quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock valued at $32,000 after purchasing an additional 64 shares in the last quarter. Retirement Group LLC boosted its stake in shares of Target by 85.0% in the 1st quarter. Retirement Group LLC now owns 198 shares of the retailer’s stock valued at $35,000 after purchasing an additional 91 shares in the last quarter. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Target in the 4th quarter valued at $28,000. Finally, Private Wealth Management Group LLC purchased a new stake in shares of Target in the 4th quarter valued at $29,000. Institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TGT shares. Truist Financial increased their price target on shares of Target from $153.00 to $156.00 and gave the company a “hold” rating in a research report on Thursday. Citigroup upgraded shares of Target from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a report on Tuesday, May 7th. Royal Bank of Canada decreased their price objective on shares of Target from $191.00 to $181.00 and set an “outperform” rating for the company in a report on Thursday, May 23rd. Telsey Advisory Group restated an “outperform” rating and set a $195.00 price objective on shares of Target in a research note on Wednesday, May 22nd. Finally, StockNews.com lowered shares of Target from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 23rd. One analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, Target currently has a consensus rating of “Moderate Buy” and an average price target of $176.68.

Target Stock Down 5.3 %

NYSE TGT traded down $7.85 during trading hours on Friday, reaching $139.17. 6,476,490 shares of the company traded hands, compared to its average volume of 3,389,742. Target Co. has a 12 month low of $102.93 and a 12 month high of $181.86. The company has a current ratio of 0.86, a quick ratio of 0.27 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $64.39 billion, a PE ratio of 15.62, a PEG ratio of 1.38 and a beta of 1.19. The company has a 50 day moving average of $147.70 and a two-hundred day moving average of $154.56.

Target (NYSE:TGT) last issued its earnings results on Wednesday, May 22nd. The retailer reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.02). Target had a return on equity of 31.91% and a net margin of 3.87%. The business had revenue of $24.14 billion for the quarter, compared to analyst estimates of $24.52 billion. During the same period last year, the company posted $2.05 earnings per share. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. As a group, equities analysts expect that Target Co. will post 9.31 earnings per share for the current year.

Target Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st will be given a dividend of $1.12 per share. This is a positive change from Target’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $4.48 annualized dividend and a dividend yield of 3.22%. Target’s dividend payout ratio (DPR) is 49.38%.

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.