Deseret Mutual Benefit Administrators Has $1.07 Million Stock Holdings in Target Co. (NYSE:TGT)

Deseret Mutual Benefit Administrators raised its position in shares of Target Co. (NYSE:TGT) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,904 shares of the retailer’s stock after purchasing an additional 116 shares during the period. Deseret Mutual Benefit Administrators’ holdings in Target were worth $1,068,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new stake in shares of Target during the 3rd quarter worth $28,000. MCF Advisors LLC raised its stake in Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after acquiring an additional 163 shares in the last quarter. Raleigh Capital Management Inc. raised its stake in Target by 110.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after acquiring an additional 135 shares in the last quarter. FSA Wealth Management LLC bought a new position in shares of Target in the third quarter worth about $36,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Target in the 3rd quarter valued at approximately $38,000. 79.73% of the stock is currently owned by institutional investors.

Target Price Performance

Shares of TGT opened at $124.40 on Friday. The firm has a market cap of $57.00 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 1.98 and a beta of 1.15. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86. The business’s 50 day moving average price is $134.41 and its two-hundred day moving average price is $142.67. 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 (NYSE:TGT) last released its earnings results 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). The company had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.10 EPS. On average, equities analysts anticipate that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

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 issued a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.60%. Target’s dividend payout ratio is currently 47.51%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TGT shares. Stifel Nicolaus upped their price objective 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. StockNews.com upgraded shares of Target from a “hold” rating to a “buy” rating in a report on Saturday. Daiwa America downgraded Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. HSBC lowered Target from a “buy” rating to a “hold” rating and set a $138.00 price objective on the stock. in a research report on Wednesday, November 20th. Finally, Wells Fargo & Company cut their price target on Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $157.70.

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.