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

Wilmington Savings Fund Society FSB grew its stake in Target Co. (NYSE:TGT - Free Report) by 25.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,977 shares of the retailer's stock after purchasing 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 filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. State Street Corp grew its stake in shares of Target by 8.3% in the 3rd 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 period. FMR LLC grew its stake in shares of Target by 11.7% in the 3rd quarter. FMR LLC now owns 9,980,381 shares of the retailer's stock valued at $1,555,542,000 after purchasing an additional 1,046,044 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Target by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer's stock worth $1,461,456,000 after acquiring an additional 130,691 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Target by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,053,471 shares of the retailer's stock worth $475,914,000 after acquiring an additional 56,695 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

TGT has been the topic of several recent analyst reports. Wells Fargo & Company reduced their target price on Target from $180.00 to $150.00 and set an "overweight" rating on the stock in a report on Wednesday, November 20th. Guggenheim upped their price objective on Target from $145.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Truist Financial upped their price objective on Target from $129.00 to $134.00 and gave the stock a "hold" rating in a report on Friday, January 17th. Piper Sandler reduced their price objective on Target from $156.00 to $130.00 and set a "neutral" rating on the stock in a report on Thursday, November 21st. Finally, Stifel Nicolaus upped their price objective on Target from $137.00 to $145.00 and gave the stock a "hold" rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat, Target has an average rating of "Hold" and a consensus price target of $157.70.

Target Stock Up 1.0 %

Shares of Target stock traded up $1.22 during trading hours on Thursday, reaching $128.72. 5,324,132 shares of the company's stock were exchanged, compared to its average volume of 5,033,585. The company has a 50 day moving average of $135.20 and a two-hundred day moving average of $143.44. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The stock has a market cap of $58.98 billion, a P/E ratio of 13.65, a P/E/G ratio of 2.04 and a beta of 1.15.

Target (NYSE:TGT - Get Free Report) last posted its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts' consensus estimates of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. During the same quarter in the prior year, the company earned $2.10 earnings per share. The company's quarterly revenue was up .9% on a year-over-year basis. On average, sell-side analysts forecast that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

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 of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.48%. Target's dividend payout ratio (DPR) is currently 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.