Target Co. (NYSE:TGT) Stock Holdings Lifted by Mattern Capital Management LLC

Mattern Capital Management LLC raised its position in Target Co. (NYSE:TGT) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,341 shares of the retailer’s stock after purchasing an additional 2,485 shares during the quarter. Target makes up approximately 1.2% of Mattern Capital Management LLC’s holdings, making the stock its 28th biggest position. Mattern Capital Management LLC’s holdings in Target were worth $9,509,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp grew its stake in 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 in the last quarter. FMR LLC grew its stake in Target by 11.7% in the third 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 in the last quarter. Geode Capital Management LLC grew its stake in Target by 1.4% in the third quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock valued at $1,461,456,000 after purchasing an additional 130,691 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Target by 1.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,321,055 shares of the retailer’s stock valued at $517,620,000 after purchasing an additional 62,916 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Target by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,053,471 shares of the retailer’s stock valued at $475,914,000 after purchasing an additional 56,695 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

TGT has been the topic of a number of recent research reports. Evercore ISI lowered their target price on Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research note on Thursday, November 21st. Gordon Haskett cut Target from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. TD Cowen reduced their price target on Target from $165.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft cut Target from a “buy” rating to a “hold” rating and reduced their price target for the stock from $184.00 to $108.00 in a research report on Wednesday, November 20th. Finally, Daiwa America cut Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $157.70.

Target Trading Down 1.9 %

TGT stock opened at $128.20 on Friday. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86. The firm has a market cap of $58.74 billion, a P/E ratio of 13.60, a P/E/G ratio of 1.97 and a beta of 1.15. The business’s 50 day moving average is $134.61 and its 200-day moving average is $142.74. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter in the prior year, the company posted $2.10 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. Equities analysts anticipate that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders 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 dividend yield of 3.49%. Target’s dividend payout ratio is currently 47.51%.

Target Company 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.