Physicians Financial Services Inc. lifted its holdings in shares of Target Co. (NYSE:TGT) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,616 shares of the retailer’s stock after buying an additional 404 shares during the quarter. Physicians Financial Services Inc.’s holdings in Target were worth $900,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Vanguard Group Inc lifted its position in shares of Target by 0.4% in the third quarter. Vanguard Group Inc now owns 38,331,487 shares of the retailer’s stock worth $3,381,221,000 after purchasing an additional 151,096 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Target by 114.5% in the third quarter. AQR Capital Management LLC now owns 10,474,816 shares of the retailer’s stock worth $923,984,000 after purchasing an additional 5,590,395 shares in the last quarter. Morgan Stanley lifted its position in shares of Target by 5.2% in the third quarter. Morgan Stanley now owns 5,146,423 shares of the retailer’s stock worth $453,966,000 after purchasing an additional 255,903 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Target by 17.2% in the third quarter. JPMorgan Chase & Co. now owns 4,570,262 shares of the retailer’s stock worth $403,145,000 after purchasing an additional 671,121 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Target by 11.0% in the third quarter. FMR LLC now owns 4,462,508 shares of the retailer’s stock worth $393,637,000 after purchasing an additional 442,448 shares in the last quarter. Institutional investors own 86.72% of the company’s stock.
TGT has been the topic of several analyst reports. Morgan Stanley dropped their price target on shares of Target from $70.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday, November 23rd. Cowen raised shares of Target from a “market perform” rating to an “outperform” rating and set a $100.00 price target on the stock in a research report on Wednesday, November 7th. Buckingham Research initiated coverage on shares of Target in a research report on Thursday, November 15th. They set a “buy” rating and a $102.00 price target on the stock. Citigroup dropped their price target on shares of Target from $84.00 to $78.00 and set a “neutral” rating on the stock in a research report on Monday, December 3rd. Finally, Barclays reaffirmed a “hold” rating and set a $85.00 price target on shares of Target in a research report on Wednesday, November 21st. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Target currently has an average rating of “Hold” and an average target price of $86.92.
Target (NYSE:TGT) last posted its earnings results on Tuesday, November 20th. The retailer reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.02). The company had revenue of $17.59 billion during the quarter, compared to the consensus estimate of $17.81 billion. Target had a return on equity of 25.02% and a net margin of 4.31%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $0.91 EPS. On average, analysts predict that Target Co. will post 5.39 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, March 10th. Stockholders of record on Wednesday, February 20th will be issued a $0.64 dividend. The ex-dividend date of this dividend is Tuesday, February 19th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.53%. Target’s dividend payout ratio (DPR) is currently 54.35%.
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Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.
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