Waterway Wealth Management LLC Purchases 857 Shares of Target Co. (NYSE:TGT)

Waterway Wealth Management LLC increased its holdings in Target Co. (NYSE:TGT) by 30.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,682 shares of the retailer’s stock after purchasing an additional 857 shares during the quarter. Waterway Wealth Management LLC’s holdings in Target were worth $498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of TGT. Thrivent Financial for Lutherans increased its stake in shares of Target by 1.8% during the third quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock valued at $4,368,000 after buying an additional 490 shares during the period. Wilmington Savings Fund Society FSB boosted its holdings in Target by 25.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock valued at $2,430,000 after acquiring an additional 3,590 shares in the last quarter. Northeast Financial Group Inc. purchased a new position in Target during the 4th quarter valued at $1,566,000. D.A. Davidson & CO. raised its holdings in Target by 8.6% in the 3rd quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock worth $18,619,000 after purchasing an additional 9,510 shares in the last quarter. Finally, LMG Wealth Partners LLC purchased a new stake in shares of Target in the 4th quarter worth about $1,438,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Trading Down 1.0 %

Target stock opened at $122.80 on Friday. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The firm’s 50-day moving average is $133.91 and its 200-day moving average is $142.42. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The company has a market cap of $56.27 billion, a P/E ratio of 13.02, a PEG ratio of 1.94 and a beta of 1.15.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a $1.12 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.65%. Target’s payout ratio is currently 47.51%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TGT. BMO Capital Markets lowered their target price on shares of Target from $160.00 to $120.00 and set a “market perform” rating for the company in a report on Thursday, November 21st. Sanford C. Bernstein increased their price target on Target from $139.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, January 28th. HSBC cut shares of Target from a “buy” rating to a “hold” rating and set a $138.00 target price for the company. in a report on Wednesday, November 20th. Bank of America lowered their price target on shares of Target from $195.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Finally, Citigroup increased their price objective on shares of Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $157.93.

About Target

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.