Busey Bank Has $3.42 Million Stock Holdings in Target Co. (NYSE:TGT)

Busey Bank decreased its holdings in shares of Target Co. (NYSE:TGT) by 70.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,328 shares of the retailer’s stock after selling 59,877 shares during the quarter. Busey Bank’s holdings in Target were worth $3,424,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in Target during the third quarter worth $28,000. Wolff Wiese Magana LLC increased its holdings in shares of Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after acquiring an additional 133 shares during the last quarter. FSA Wealth Management LLC acquired a new position in shares of Target during the 3rd quarter valued at about $36,000. Catalyst Capital Advisors LLC bought a new position in shares of Target in the 3rd quarter valued at approximately $38,000. Finally, MCF Advisors LLC lifted its holdings in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on TGT. TD Cowen dropped their price target on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Oppenheimer reiterated an “outperform” rating and issued a $165.00 target price on shares of Target in a report on Monday, November 25th. HSBC downgraded Target from a “buy” rating to a “hold” rating and set a $138.00 price target on the stock. in a research report on Wednesday, November 20th. BMO Capital Markets cut their price objective on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research report on Thursday, November 21st. Finally, Evercore ISI lowered their target price on Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, Target currently has a consensus rating of “Hold” and an average target price of $157.70.

Target Stock Performance

Target stock opened at $140.28 on Thursday. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86. The stock has a 50-day simple moving average of $133.80 and a 200 day simple moving average of $144.64. 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 stock has a market capitalization of $64.28 billion, a price-to-earnings ratio of 14.88, a P/E/G ratio of 2.21 and a beta of 1.16.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same period last year, the company earned $2.10 earnings per share. Target’s revenue for the quarter was up .9% compared to the same quarter last year. On average, research analysts anticipate that Target Co. will post 8.68 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio is 47.51%.

About Target

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.