First Hawaiian Bank Has $1.40 Million Stock Holdings in Target Co. (NYSE:TGT)

First Hawaiian Bank lifted its position in shares of Target Co. (NYSE:TGT) by 23.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,920 shares of the retailer’s stock after purchasing an additional 1,509 shares during the period. First Hawaiian Bank’s holdings in Target were worth $1,404,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC boosted its stake in Target by 1.3% during the fourth quarter. Larson Financial Group LLC now owns 5,339 shares of the retailer’s stock worth $760,000 after acquiring an additional 70 shares in the last quarter. Godshalk Welsh Capital Management Inc. lifted its stake in shares of Target by 0.9% in the fourth quarter. Godshalk Welsh Capital Management Inc. now owns 8,130 shares of the retailer’s stock valued at $1,158,000 after buying an additional 70 shares in the last quarter. Welch & Forbes LLC lifted its stake in shares of Target by 0.9% in the fourth quarter. Welch & Forbes LLC now owns 7,715 shares of the retailer’s stock valued at $1,099,000 after buying an additional 71 shares in the last quarter. Beacon Financial Advisory LLC lifted its stake in shares of Target by 1.0% in the fourth quarter. Beacon Financial Advisory LLC now owns 7,059 shares of the retailer’s stock valued at $1,005,000 after buying an additional 72 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its stake in shares of Target by 1.4% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 5,704 shares of the retailer’s stock valued at $812,000 after buying an additional 76 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Roth Mkm reaffirmed a “neutral” rating and issued a $153.00 price objective on shares of Target in a research note on Thursday, May 23rd. Citigroup raised shares of Target from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a research note on Tuesday, May 7th. Jefferies Financial Group increased their target price on shares of Target from $195.00 to $205.00 and gave the company a “buy” rating in a report on Monday, April 1st. Telsey Advisory Group reiterated an “outperform” rating and issued a $195.00 target price on shares of Target in a report on Wednesday, May 22nd. Finally, BNP Paribas began coverage on shares of Target in a report on Monday, June 3rd. They issued an “underperform” rating and a $116.00 target price for the company. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $178.11.

Target Price Performance

TGT stock opened at $142.54 on Thursday. The firm has a 50 day moving average of $155.71 and a 200-day moving average of $152.63. The company has a current ratio of 0.86, a quick ratio of 0.27 and a debt-to-equity ratio of 0.97. Target Co. has a 12 month low of $102.93 and a 12 month high of $181.86. The firm has a market capitalization of $65.94 billion, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 1.34 and a beta of 1.20.

Target (NYSE:TGT) last announced its earnings results on Wednesday, May 22nd. The retailer reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.02). Target had a net margin of 3.87% and a return on equity of 31.91%. The company had revenue of $24.14 billion for the quarter, compared to the consensus estimate of $24.52 billion. During the same quarter in the previous year, the firm earned $2.05 earnings per share. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, sell-side analysts predict that Target Co. will post 9.32 earnings per share for the current fiscal year.

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, August 21st. This is a positive change from Target’s previous quarterly dividend of $1.10. This represents a $4.48 annualized dividend and a yield of 3.14%. Target’s payout ratio is presently 49.38%.

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.