State of Alaska Department of Revenue Has $11.45 Million Stock Holdings in Target Co. (NYSE:TGT)

State of Alaska Department of Revenue trimmed its holdings in shares of Target Co. (NYSE:TGT) by 6.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 64,638 shares of the retailer’s stock after selling 4,550 shares during the quarter. State of Alaska Department of Revenue’s holdings in Target were worth $11,453,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. RFG Advisory LLC bought a new position in shares of Target in the fourth quarter valued at $605,000. Nordea Investment Management AB grew its stake in shares of Target by 4.9% in the fourth quarter. Nordea Investment Management AB now owns 519,634 shares of the retailer’s stock valued at $73,819,000 after buying an additional 24,066 shares in the last quarter. Asio Capital LLC grew its stake in shares of Target by 109.9% in the fourth quarter. Asio Capital LLC now owns 27,267 shares of the retailer’s stock valued at $3,883,000 after buying an additional 14,274 shares in the last quarter. Little House Capital LLC bought a new position in shares of Target in the first quarter valued at $1,041,000. Finally, Blue Chip Partners LLC grew its stake in shares of Target by 5.1% in the fourth quarter. Blue Chip Partners LLC now owns 130,179 shares of the retailer’s stock valued at $18,540,000 after buying an additional 6,348 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Target Price Performance

TGT opened at $144.75 on Thursday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.27 and a current ratio of 0.86. The firm has a market cap of $66.97 billion, a P/E ratio of 16.25, a PEG ratio of 1.37 and a beta of 1.19. Target Co. has a fifty-two week low of $102.93 and a fifty-two week high of $181.86. The firm has a 50-day moving average of $152.12 and a 200 day moving average of $153.41.

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

Target Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st will be paid a $1.12 dividend. The ex-dividend date is Wednesday, August 21st. This is a boost from Target’s previous quarterly dividend of $1.10. This represents a $4.48 annualized dividend and a yield of 3.09%. Target’s dividend payout ratio is currently 49.38%.

Wall Street Analysts Forecast Growth

TGT has been the subject of several research reports. The Goldman Sachs Group raised their price target on Target from $176.00 to $194.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Citigroup raised Target from a “neutral” rating to a “buy” rating and set a $180.00 target price for the company in a report on Tuesday, May 7th. Telsey Advisory Group reissued an “outperform” rating and set a $195.00 target price on shares of Target in a report on Wednesday, May 22nd. Stifel Nicolaus lifted their target price on Target from $153.00 to $177.00 and gave the stock a “hold” rating in a report on Wednesday, March 6th. Finally, StockNews.com cut Target from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.