1,978 Shares in Target Co. (NYSE:TGT) Purchased by Gemmer Asset Management LLC

Gemmer Asset Management LLC purchased a new stake in Target Co. (NYSE:TGT) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,978 shares of the retailer’s stock, valued at approximately $267,000.

Several other large investors also recently made changes to their positions in the business. State Street Corp lifted its stake in Target by 8.3% during the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after purchasing an additional 2,732,801 shares during the last quarter. FMR LLC increased its holdings in shares of Target by 11.7% in the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after buying an additional 1,046,044 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Target by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock valued at $1,461,456,000 after acquiring an additional 130,691 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Target by 6.8% during the 2nd quarter. Legal & General Group Plc now owns 4,374,851 shares of the retailer’s stock worth $647,652,000 after acquiring an additional 279,656 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Target by 1.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,321,055 shares of the retailer’s stock worth $517,620,000 after acquiring an additional 62,916 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Price Performance

Shares of NYSE:TGT opened at $133.62 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The stock has a market capitalization of $61.22 billion, a P/E ratio of 14.17, a P/E/G ratio of 2.32 and a beta of 1.16. The business has a 50-day moving average of $136.13 and a two-hundred day moving average of $145.14. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86.

Target (NYSE:TGT) last posted its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. During the same quarter last year, the firm posted $2.10 earnings per share. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities research analysts predict that Target Co. will post 8.6 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be paid a $1.12 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.35%. Target’s payout ratio is presently 47.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $150.00 target price on shares of Target in a report on Friday. Evercore ISI reduced their price objective on shares of Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research note on Thursday, November 21st. StockNews.com raised shares of Target from a “hold” rating to a “buy” rating in a research report on Friday. Melius Research started coverage on shares of Target in a research report on Monday, September 23rd. They issued a “buy” rating and a $180.00 price target for the company. Finally, Bank of America decreased their price objective on shares of Target from $195.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. One 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. Based on data from MarketBeat, Target currently has an average rating of “Hold” and a consensus price target of $158.23.

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.