Dimensional Fund Advisors LP increased its position in shares of Target Co. (NYSE:TGT - Free Report) by 21.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,823,264 shares of the retailer's stock after purchasing an additional 840,484 shares during the period. Dimensional Fund Advisors LP owned approximately 1.05% of Target worth $652,014,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in TGT. Invst LLC grew its position in Target by 2.4% in the 3rd quarter. Invst LLC now owns 11,760 shares of the retailer's stock valued at $1,833,000 after acquiring an additional 276 shares during the last quarter. Westside Investment Management Inc. grew its holdings in shares of Target by 5.6% in the third quarter. Westside Investment Management Inc. now owns 1,684 shares of the retailer's stock worth $257,000 after purchasing an additional 90 shares during the last quarter. World Investment Advisors LLC increased its stake in Target by 142.5% in the 3rd quarter. World Investment Advisors LLC now owns 6,585 shares of the retailer's stock worth $1,026,000 after buying an additional 3,870 shares during the period. Arvest Bank Trust Division bought a new stake in Target during the 3rd quarter valued at about $1,684,000. Finally, Wilmington Savings Fund Society FSB boosted its position in Target by 331.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 14,387 shares of the retailer's stock valued at $2,242,000 after buying an additional 11,054 shares during the period. 79.73% of the stock is currently owned by institutional investors.
Target Price Performance
NYSE TGT traded down $1.11 on Wednesday, hitting $92.99. The company had a trading volume of 4,492,149 shares, compared to its average volume of 5,638,328. The company has a market capitalization of $42.36 billion, a PE ratio of 9.86, a PEG ratio of 1.94 and a beta of 1.28. Target Co. has a 12-month low of $87.35 and a 12-month high of $168.01. The company's fifty day moving average price is $107.61 and its 200-day moving average price is $128.93. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.
Target (NYSE:TGT - Get Free Report) last released its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping analysts' consensus estimates of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. As a group, analysts predict that Target Co. will post 8.69 earnings per share for the current year.
Target Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date is Wednesday, May 14th. Target's dividend payout ratio is presently 50.56%.
Analysts Set New Price Targets
Several research firms have recently weighed in on TGT. Robert W. Baird downgraded shares of Target from an "outperform" rating to a "neutral" rating and set a $110.00 price target for the company. in a research note on Monday, April 7th. Baird R W cut Target from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. DA Davidson cut their price target on Target from $153.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. Bank of America lowered their price objective on shares of Target from $160.00 to $145.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Finally, Telsey Advisory Group reduced their price target on shares of Target from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, twenty-three have issued a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, Target has an average rating of "Hold" and a consensus target price of $132.37.
View Our Latest Report on Target
About Target
(
Free Report)
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.
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