Mediolanum International Funds Ltd Has $1.55 Million Position in Target Co. (NYSE:TGT)

Mediolanum International Funds Ltd grew its holdings in shares of Target Co. (NYSE:TGT) by 142.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,524 shares of the retailer’s stock after acquiring an additional 6,767 shares during the period. Mediolanum International Funds Ltd’s holdings in Target were worth $1,552,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TGT. Legacy Investment Solutions LLC acquired a new stake in Target during the 3rd quarter worth about $28,000. Wolff Wiese Magana LLC grew its stake in shares of Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after buying an additional 133 shares during the period. MCF Advisors LLC grew its stake in shares of Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after buying an additional 163 shares during the period. Raleigh Capital Management Inc. grew its stake in shares of Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after buying an additional 135 shares during the period. Finally, FSA Wealth Management LLC acquired a new stake in shares of Target in the 3rd quarter valued at about $36,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TGT has been the subject of several research reports. Daiwa America downgraded Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Bank of America cut their price target on Target from $195.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. JPMorgan Chase & Co. cut their price target on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Telsey Advisory Group reiterated an “outperform” rating and set a $150.00 price target on shares of Target in a research note on Friday, January 17th. Finally, Stifel Nicolaus lifted their target price on shares of Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $157.70.

Target Trading Down 1.9 %

NYSE:TGT opened at $137.82 on Monday. The company has a market cap of $63.15 billion, a P/E ratio of 14.61, a P/E/G ratio of 2.28 and a beta of 1.16. The stock’s fifty day moving average price is $134.80 and its two-hundred day moving average price is $144.41. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. 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) last released its quarterly 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). The firm had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.10 EPS. As a group, analysts expect that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The company 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 $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 3.25%. Target’s 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.