Target Co. (NYSE:TGT) Shares Acquired by Kovack Advisors Inc.

Kovack Advisors Inc. lifted its stake in shares of Target Co. (NYSE:TGT) by 14.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,116 shares of the retailer’s stock after buying an additional 531 shares during the period. Kovack Advisors Inc.’s holdings in Target were worth $556,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in shares of Target during the third quarter worth $28,000. FSA Wealth Management LLC purchased a new position in shares of Target during the third quarter worth $36,000. Catalyst Capital Advisors LLC purchased a new position in shares of Target during the third quarter worth $38,000. MCF Advisors LLC raised its holdings in shares of Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares during the last quarter. Finally, Raleigh Capital Management Inc. raised its holdings in shares of 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 purchasing an additional 135 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TGT has been the subject of several recent research reports. Wells Fargo & Company reduced their target price on shares of Target from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. JPMorgan Chase & Co. raised their target price on shares of Target from $139.00 to $146.00 and gave the stock a “neutral” rating in a report on Wednesday. Stifel Nicolaus lifted their price objective on shares of Target from $137.00 to $145.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Bank of America cut their price objective on shares of Target from $195.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Finally, Sanford C. Bernstein lifted their price objective on shares of Target from $139.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $157.93.

Target Stock Performance

NYSE:TGT opened at $124.37 on Friday. The company’s 50-day moving average is $133.77 and its two-hundred day moving average is $142.35. The firm has a market capitalization of $56.99 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 1.94 and a beta of 1.15. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is 47.51%.

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.