Park National Corp OH Has $6.55 Million Stock Holdings in Target Co. (NYSE:TGT)

Park National Corp OH decreased its position in Target Co. (NYSE:TGT - Free Report) by 7.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,047 shares of the retailer's stock after selling 3,389 shares during the quarter. Park National Corp OH's holdings in Target were worth $6,553,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Triad Wealth Partners LLC bought a new position in Target in the 2nd quarter worth $25,000. Ables Iannone Moore & Associates Inc. bought a new position in shares of Target in the fourth quarter worth about $28,000. Slocum Gordon & Co LLP acquired a new position in shares of Target during the 2nd quarter worth about $28,000. Scarborough Advisors LLC bought a new stake in Target during the 4th quarter valued at approximately $29,000. Finally, Hobbs Group Advisors LLC acquired a new stake in Target in the 2nd quarter valued at approximately $31,000. Institutional investors own 79.73% of the company's stock.

Target Price Performance

NYSE TGT traded down $0.80 on Thursday, hitting $149.60. 4,661,769 shares of the company were exchanged, compared to its average volume of 4,001,683. Target Co. has a 1-year low of $102.93 and a 1-year high of $181.86. The firm has a 50 day moving average of $148.96 and a two-hundred day moving average of $154.22. The company has a current ratio of 0.90, a quick ratio of 0.27 and a debt-to-equity ratio of 0.95. The company has a market cap of $69.21 billion, a P/E ratio of 16.75, a P/E/G ratio of 2.00 and a beta of 1.24.

Target (NYSE:TGT - Get Free Report) last released its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, beating the consensus estimate of $2.18 by $0.39. Target had a net margin of 4.18% and a return on equity of 33.10%. The business had revenue of $25.02 billion for the quarter, compared to analysts' expectations of $25.19 billion. During the same period in the prior year, the firm earned $1.80 earnings per share. Target's revenue was up 1.0% compared to the same quarter last year. On average, equities analysts predict that Target Co. will post 9.53 EPS for the current year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.99%. Target's payout ratio is currently 50.28%.

Insider Activity

In related news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total value of $7,140,150.00. Following the completion of the sale, the insider now directly owns 303,843 shares in the company, valued at $48,210,768.81. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CAO Matthew A. Liegel sold 1,000 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $153.13, for a total value of $153,130.00. Following the transaction, the chief accounting officer now owns 7,276 shares of the company's stock, valued at approximately $1,114,173.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total value of $7,140,150.00. Following the sale, the insider now directly owns 303,843 shares of the company's stock, valued at $48,210,768.81. The disclosure for this sale can be found here. Insiders have sold 52,348 shares of company stock valued at $8,290,995 over the last 90 days. 0.23% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Piper Sandler assumed coverage on Target in a report on Wednesday, July 10th. They set a "neutral" rating and a $156.00 price target for the company. Truist Financial upped their target price on shares of Target from $156.00 to $162.00 and gave the company a "hold" rating in a research note on Thursday, August 22nd. Royal Bank of Canada raised their price target on shares of Target from $174.00 to $177.00 and gave the stock an "outperform" rating in a research report on Thursday, August 22nd. Melius Research assumed coverage on shares of Target in a research report on Monday, September 23rd. They set a "buy" rating and a $180.00 price objective for the company. Finally, TD Cowen lifted their target price on Target from $165.00 to $180.00 and gave the stock a "hold" rating in a research report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Target currently has an average rating of "Moderate Buy" and a consensus target price of $179.69.

Target Company 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.