Toronto Dominion Bank Has $36.86 Million Stock Holdings in Target Co. (NYSE:TGT)

Toronto Dominion Bank lifted its position in shares of Target Co. (NYSE:TGT - Free Report) by 26.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 272,658 shares of the retailer's stock after purchasing an additional 57,505 shares during the period. Toronto Dominion Bank owned 0.06% of Target worth $36,858,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TGT. Capital World Investors grew its holdings in Target by 6.3% during the fourth quarter. Capital World Investors now owns 21,930,569 shares of the retailer's stock worth $2,964,565,000 after purchasing an additional 1,306,552 shares during the period. FMR LLC lifted its position in shares of Target by 13.6% in the fourth quarter. FMR LLC now owns 11,338,729 shares of the retailer's stock valued at $1,532,769,000 after buying an additional 1,358,348 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Target by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 9,885,015 shares of the retailer's stock worth $1,332,317,000 after acquiring an additional 470,990 shares during the period. Norges Bank bought a new position in shares of Target during the 4th quarter worth approximately $757,892,000. Finally, Northern Trust Corp increased its holdings in shares of Target by 16.3% during the 4th quarter. Northern Trust Corp now owns 5,376,640 shares of the retailer's stock worth $726,814,000 after acquiring an additional 754,883 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

Target Price Performance

Shares of NYSE TGT traded up $2.04 during trading hours on Thursday, hitting $95.05. 11,414,387 shares of the stock were exchanged, compared to its average volume of 6,044,809. The company's fifty day simple moving average is $97.70 and its two-hundred day simple moving average is $120.93. The company has a market cap of $43.19 billion, a PE ratio of 10.08, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27. 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 1-year low of $87.35 and a 1-year high of $167.40.

Target (NYSE:TGT - Get Free Report) last released its earnings results on Wednesday, May 21st. The retailer reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.35). The business had revenue of $24.20 billion for the quarter, compared to the consensus estimate of $24.54 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.03 earnings per share. On average, sell-side analysts predict that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be paid a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend is Wednesday, May 14th. Target's dividend payout ratio (DPR) is presently 50.56%.

Analysts Set New Price Targets

TGT has been the subject of several research reports. Stifel Nicolaus cut their price target on Target from $130.00 to $120.00 and set a "hold" rating for the company in a report on Thursday, March 20th. JPMorgan Chase & Co. raised their target price on shares of Target from $105.00 to $109.00 and gave the stock a "neutral" rating in a research note on Thursday. Roth Mkm reiterated a "neutral" rating and issued a $122.00 price target (down previously from $131.00) on shares of Target in a research note on Wednesday, March 5th. Roth Capital set a $122.00 price target on shares of Target in a report on Wednesday, March 5th. Finally, Baird R W cut Target from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $118.65.

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.