Fidelity D & D Bancorp Inc. Buys Shares of 1,336 Target Co. (NYSE:TGT)

Fidelity D & D Bancorp Inc. bought a new position in shares of Target Co. (NYSE:TGT) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,336 shares of the retailer’s stock, valued at approximately $208,000.

Several other institutional investors also recently modified their holdings of the stock. Triad Wealth Partners LLC bought a new position in Target during the 2nd quarter worth approximately $25,000. Legacy Investment Solutions LLC acquired a new stake in Target in the third quarter worth $28,000. Slocum Gordon & Co LLP bought a new position in shares of Target during the second quarter worth $28,000. Hobbs Group Advisors LLC acquired a new position in shares of Target in the 2nd quarter valued at $31,000. Finally, Wolff Wiese Magana LLC increased its position in shares of Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after buying an additional 133 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the company. HSBC lowered Target from a “buy” rating to a “hold” rating and set a $138.00 target price on the stock. in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft cut Target from a “buy” rating to a “hold” rating and cut their price objective for the company from $184.00 to $108.00 in a report on Wednesday, November 20th. Wells Fargo & Company lowered their target price on Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. Bank of America cut their price target on shares of Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $180.00 price target on shares of Target in a report on Wednesday, August 21st. One 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.com, the stock has an average rating of “Hold” and an average price target of $160.57.

Target Stock Performance

Shares of Target stock traded up $0.08 during trading on Friday, hitting $135.37. 261,454 shares of the stock were exchanged, compared to its average volume of 4,524,426. 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 company has a fifty day moving average price of $145.06 and a 200-day moving average price of $147.29. The stock has a market capitalization of $62.03 billion, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 2.23 and a beta of 1.17. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share 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 business had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. During the same period last year, the firm earned $2.10 EPS. Target’s quarterly revenue was up .9% compared to the same quarter last year. As a group, equities analysts predict that Target Co. will post 8.6 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th were given a dividend of $1.12 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $4.48 dividend on an annualized basis and a yield of 3.31%. Target’s dividend payout ratio (DPR) is 47.51%.

Insider Buying and Selling at Target

In other 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 owns 123,551 shares in the company, valued at $19,418,510.67. The trade was a 4.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.15% of the company’s stock.

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.