State of Alaska Department of Revenue Has $9 Million Holdings in Target Co. (NYSE:TGT)

State of Alaska Department of Revenue raised its position in shares of Target Co. (NYSE:TGT) by 17.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,553 shares of the retailer’s stock after acquiring an additional 9,680 shares during the period. State of Alaska Department of Revenue’s holdings in Target were worth $8,996,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TGT. State Street Corp raised its stake in Target by 8.3% in the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after purchasing an additional 2,732,801 shares in the last quarter. International Assets Investment Management LLC raised 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 buying an additional 1,981,458 shares in the last quarter. Two Sigma Advisers LP boosted its stake 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 buying an additional 1,502,200 shares during the period. FMR LLC increased its stake in Target by 11.7% during 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 period. Finally, Worldquant Millennium Advisors LLC raised its holdings in Target by 773.1% in the 3rd 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 in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TGT. Wells Fargo & Company decreased their price target on Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Roth Mkm decreased their price objective on shares of Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. Stifel Nicolaus raised their target price on Target from $137.00 to $145.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. 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 report on Thursday, November 21st. Finally, StockNews.com upgraded Target from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, Target currently has an average rating of “Hold” and an average price target of $157.70.

Target Price Performance

Shares of NYSE:TGT opened at $134.59 on Friday. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The stock has a market cap of $61.67 billion, a PE ratio of 14.27, a price-to-earnings-growth ratio of 2.24 and a beta of 1.15. The stock’s fifty day simple moving average is $135.16 and its two-hundred day simple moving average is $144.04.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same period in the previous 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. As a group, analysts forecast that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be given a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.33%. Target’s dividend payout ratio is currently 47.51%.

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.