Mattern Capital Management LLC increased its holdings in Target Co. (NYSE:TGT - Free Report) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,341 shares of the retailer's stock after purchasing an additional 2,485 shares during the period. Target accounts for 1.2% of Mattern Capital Management LLC's investment portfolio, making the stock its 28th biggest position. Mattern Capital Management LLC's holdings in Target were worth $9,509,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in TGT. State Street Corp grew its position 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 valued at $5,530,576,000 after purchasing an additional 2,732,801 shares during the period. International Assets Investment Management LLC grew its position in shares of Target by 9,940.6% in the third quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer's stock valued at $311,937,000 after purchasing an additional 1,981,458 shares during the period. Two Sigma Advisers LP grew its position in shares of Target by 173.2% in the third 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 period. FMR LLC grew its position in Target by 11.7% during the third quarter. FMR LLC now owns 9,980,381 shares of the retailer's stock valued at $1,555,542,000 after acquiring an additional 1,046,044 shares during the period. Finally, Worldquant Millennium Advisors LLC grew 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 valued at $129,795,000 after acquiring an additional 737,384 shares during the period. Hedge funds and other institutional investors own 79.73% of the company's stock.
TGT opened at $128.20 on Friday. The firm has a market cap of $58.74 billion, a PE ratio of 13.60, a P/E/G ratio of 1.97 and a beta of 1.15. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The business has a fifty day simple moving average of $134.61 and a 200-day simple moving average of $142.74. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86.
Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts' consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion for the quarter, compared to analysts' expectations of $25.87 billion. During the same quarter in the prior year, the firm posted $2.10 EPS. The business's quarterly revenue was up .9% compared to the same quarter last year. As a group, equities analysts predict that Target Co. will post 8.69 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.49%. Target's dividend payout ratio is 47.51%.
TGT has been the subject of a number of research reports. Citigroup boosted their price target on Target from $130.00 to $133.00 and gave the company a "neutral" rating in a research report on Friday, January 17th. Hsbc Global Res downgraded Target from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Daiwa America downgraded Target from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 26th. Evercore ISI lowered their price target on Target from $165.00 to $130.00 and set an "in-line" rating for the company in a research report on Thursday, November 21st. Finally, Bank of America lowered their price target on Target from $195.00 to $160.00 and set a "buy" rating for the company in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $157.70.
View Our Latest Analysis on TGT
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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