Uncommon Cents Investing LLC Grows Stake in Target Co. (NYSE:TGT)

Uncommon Cents Investing LLC increased its position in Target Co. (NYSE:TGT) by 18.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,440 shares of the retailer’s stock after purchasing an additional 3,792 shares during the period. Uncommon Cents Investing LLC’s holdings in Target were worth $3,304,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its stake in shares of Target by 8.3% in the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after buying an additional 2,732,801 shares in the last quarter. FMR LLC raised its holdings in Target by 11.7% in the 3rd quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after acquiring an additional 1,046,044 shares during the last quarter. Geode Capital Management LLC lifted its position in Target by 1.4% in 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 in the last quarter. Legal & General Group Plc boosted its stake in Target by 6.8% during the 2nd quarter. Legal & General Group Plc now owns 4,374,851 shares of the retailer’s stock valued at $647,652,000 after purchasing an additional 279,656 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 purchasing an additional 62,916 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Trading Up 0.3 %

Shares of TGT opened at $133.62 on Monday. The firm has a market cap of $61.22 billion, a P/E ratio of 14.17, a price-to-earnings-growth ratio of 2.32 and a beta of 1.16. 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 Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The company has a 50 day simple moving average of $136.13 and a two-hundred day simple moving average of $145.14.

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 net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. During the same period in the previous year, the business posted $2.10 earnings per share. The business’s revenue was up .9% on a year-over-year basis. On average, equities analysts expect that Target Co. will post 8.6 earnings per share for the current fiscal year.

Target Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Guggenheim lowered their price target on Target from $180.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $150.00 price target on shares of Target in a report on Friday. Melius Research began coverage on shares of Target in a report on Monday, September 23rd. They set a “buy” rating and a $180.00 price objective for the company. Hsbc Global Res cut shares of Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Stifel Nicolaus boosted their target price on shares of Target from $137.00 to $145.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.