Fidelity D & D Bancorp Inc. Purchases New Shares in Target Co. (NYSE:TGT)

Fidelity D & D Bancorp Inc. acquired a new stake in Target Co. (NYSE:TGT) in the third quarter, Holdings Channel reports. The fund acquired 1,336 shares of the retailer’s stock, valued at approximately $208,000.

Several other hedge funds also recently made changes to their positions in TGT. Inspire Trust Co. N.A. increased its stake in Target by 28.4% during the 3rd quarter. Inspire Trust Co. N.A. now owns 43,639 shares of the retailer’s stock worth $6,802,000 after acquiring an additional 9,652 shares during the period. Synovus Financial Corp increased its position in shares of Target by 7.2% in the third quarter. Synovus Financial Corp now owns 37,209 shares of the retailer’s stock worth $5,800,000 after purchasing an additional 2,496 shares during the period. Tidal Investments LLC raised its stake in Target by 9.4% in the third quarter. Tidal Investments LLC now owns 38,774 shares of the retailer’s stock valued at $6,043,000 after purchasing an additional 3,325 shares in the last quarter. Cim Investment Management Inc. lifted its position in Target by 63.2% during the third quarter. Cim Investment Management Inc. now owns 14,930 shares of the retailer’s stock worth $2,327,000 after purchasing an additional 5,779 shares during the period. Finally, Wilmington Savings Fund Society FSB grew its stake in Target by 331.7% during the third quarter. Wilmington Savings Fund Society FSB now owns 14,387 shares of the retailer’s stock worth $2,242,000 after buying an additional 11,054 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on TGT. Melius Research started coverage on shares of Target in a research report on Monday, September 23rd. They issued a “buy” rating and a $180.00 target price for the company. JPMorgan Chase & Co. lowered their price objective on shares of Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. StockNews.com downgraded Target from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. Guggenheim decreased their price target on Target from $180.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. Finally, Jefferies Financial Group upped their price objective on Target from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $160.57.

Target Stock Up 0.1 %

Target stock traded up $0.08 during mid-day trading on Friday, reaching $135.37. The stock had a trading volume of 261,454 shares, compared to its average volume of 4,524,426. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The stock’s 50-day simple moving average is $145.06 and its 200-day simple moving average is $147.29. The firm has a market capitalization of $62.03 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 2.23 and a beta of 1.17.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) 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 business had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. During the same period in the previous year, the business posted $2.10 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. On average, sell-side analysts forecast that Target Co. will post 8.6 EPS for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th were issued a $1.12 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.31%. Target’s dividend payout ratio is presently 47.51%.

Insider Buying and Selling

In other Target news, insider Richard H. Gomez sold 6,348 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $157.17, for a total transaction of $997,715.16. Following the completion of the sale, the insider now directly owns 123,551 shares of the company’s stock, valued at approximately $19,418,510.67. The trade was a 4.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.15% of the stock is currently owned by company insiders.

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.