Target Co. (NYSE:TGT) Position Reduced by Fidelity D & D Bancorp Inc.

Fidelity D & D Bancorp Inc. trimmed its stake in shares of Target Co. (NYSE:TGT) by 11.7% during the first quarter, HoldingsChannel reports. The fund owned 1,334 shares of the retailer’s stock after selling 177 shares during the quarter. Fidelity D & D Bancorp Inc.’s holdings in Target were worth $236,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Bank of Nova Scotia lifted its position in shares of Target by 153.4% in the 3rd quarter. Bank of Nova Scotia now owns 77,882 shares of the retailer’s stock worth $8,611,000 after buying an additional 47,144 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of Target by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 254,622 shares of the retailer’s stock worth $28,154,000 after buying an additional 29,206 shares during the last quarter. Cape Cod Five Cents Savings Bank lifted its position in shares of Target by 96.5% in the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 20,210 shares of the retailer’s stock worth $2,235,000 after buying an additional 9,925 shares during the last quarter. CWA Asset Management Group LLC lifted its position in shares of Target by 6.5% in the 3rd quarter. CWA Asset Management Group LLC now owns 3,110 shares of the retailer’s stock worth $344,000 after buying an additional 190 shares during the last quarter. Finally, Teza Capital Management LLC lifted its position in shares of Target by 168.3% in the 3rd quarter. Teza Capital Management LLC now owns 14,032 shares of the retailer’s stock worth $1,552,000 after buying an additional 8,802 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

Target Trading Up 0.9 %

Shares of Target stock traded up $1.32 during trading on Friday, hitting $148.04. The stock had a trading volume of 12,772,526 shares, compared to its average volume of 3,818,235. The stock has a 50 day simple moving average of $152.97 and a 200 day simple moving average of $153.10. The company has a market capitalization of $68.49 billion, a PE ratio of 16.63, a P/E/G ratio of 1.38 and a beta of 1.20. The company has a quick ratio of 0.27, a current ratio of 0.86 and a debt-to-equity ratio of 0.97. Target Co. has a 1 year low of $102.93 and a 1 year high of $181.86.

Target (NYSE:TGT) last released its earnings results on Wednesday, May 22nd. The retailer reported $2.03 earnings per share for the quarter, missing the consensus estimate of $2.05 by ($0.02). The firm had revenue of $24.14 billion during the quarter, compared to analysts’ expectations of $24.52 billion. Target had a return on equity of 31.91% and a net margin of 3.87%. The business’s revenue was down 3.2% on a year-over-year basis. During the same period last year, the business earned $2.05 earnings per share. On average, research analysts expect that Target Co. will post 9.32 EPS for the current fiscal year.

Target Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st will be issued a dividend of $1.12 per share. This is a boost from Target’s previous quarterly dividend of $1.10. This represents a $4.48 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Wednesday, August 21st. Target’s dividend payout ratio (DPR) is currently 49.38%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. DA Davidson raised their price target on shares of Target from $167.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Telsey Advisory Group reiterated an “outperform” rating and issued a $195.00 price objective on shares of Target in a research report on Wednesday, May 22nd. Jefferies Financial Group lifted their price objective on shares of Target from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Target from $209.00 to $190.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Finally, Guggenheim lifted their price objective on shares of Target from $160.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $177.61.

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.