Wilmington Savings Fund Society FSB Has $2.43 Million Holdings in Target Co. (NYSE:TGT)

Wilmington Savings Fund Society FSB increased its holdings in shares of Target Co. (NYSE:TGT) by 25.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 17,977 shares of the retailer’s stock after acquiring an additional 3,590 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Target were worth $2,430,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TGT. State Street Corp raised its stake in shares of Target by 8.3% during the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after purchasing an additional 2,732,801 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Target by 9,940.6% during the 3rd quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock worth $311,937,000 after purchasing an additional 1,981,458 shares during the last quarter. Two Sigma Advisers LP lifted its stake in Target by 173.2% in the 3rd quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock valued at $369,295,000 after purchasing an additional 1,502,200 shares during the last quarter. FMR LLC grew its holdings in Target by 11.7% during the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after purchasing an additional 1,046,044 shares during the period. Finally, Worldquant Millennium Advisors LLC increased its position in Target by 773.1% during the third quarter. Worldquant Millennium Advisors LLC now owns 832,766 shares of the retailer’s stock worth $129,795,000 after buying an additional 737,384 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Stock Performance

NYSE TGT opened at $131.29 on Monday. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86. The company has a market cap of $60.16 billion, a P/E ratio of 13.92, a PEG ratio of 2.04 and a beta of 1.15. The company has a fifty day simple moving average of $135.22 and a 200 day simple moving average of $143.80. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last announced its quarterly 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). The business had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Target’s revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.10 EPS. Sell-side analysts predict that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be paid a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.41%. Target’s payout ratio is presently 47.51%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Oppenheimer reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Target in a research report on Monday, November 25th. Daiwa America lowered Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Telsey Advisory Group restated an “outperform” rating and issued a $150.00 price target on shares of Target in a research note on Friday, January 17th. Guggenheim increased their price objective on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, StockNews.com raised shares of Target from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $157.70.

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.