MCF Advisors LLC boosted its holdings in Target Co. (NYSE:TGT – Free Report) by 175.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 256 shares of the retailer’s stock after acquiring an additional 163 shares during the quarter. MCF Advisors LLC’s holdings in Target were worth $35,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Legacy Investment Solutions LLC purchased a new stake in Target in the third quarter valued at approximately $28,000. Wolff Wiese Magana LLC increased its stake in Target by 156.5% in the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after acquiring an additional 133 shares during the last quarter. FSA Wealth Management LLC purchased a new stake in Target during the third quarter valued at about $36,000. Catalyst Capital Advisors LLC bought a new stake in Target during the third quarter worth about $38,000. Finally, First Financial Corp IN raised its holdings in shares of Target by 330.8% during the 4th quarter. First Financial Corp IN now owns 280 shares of the retailer’s stock valued at $38,000 after buying an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.
Target Stock Performance
Shares of TGT opened at $135.74 on Thursday. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The stock has a market cap of $62.20 billion, a P/E ratio of 14.39, a P/E/G ratio of 2.17 and a beta of 1.16. The business’s 50 day moving average price is $135.37 and its 200-day moving average price is $145.01. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86.
Target Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be issued a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.30%. Target’s dividend payout ratio (DPR) is presently 47.51%.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on TGT. Bank of America lowered 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. Deutsche Bank Aktiengesellschaft cut Target from a “buy” rating to a “hold” rating and dropped their target price for the company from $184.00 to $108.00 in a report on Wednesday, November 20th. Truist Financial lifted their price target on Target from $129.00 to $134.00 and gave the stock a “hold” rating in a research note on Friday, January 17th. Sanford C. Bernstein started coverage on Target in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $168.00 price objective for the company. Finally, Hsbc Global Res downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, Target has an average rating of “Hold” and a consensus price target of $158.57.
Read Our Latest Stock Analysis on TGT
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.
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