Illinois Municipal Retirement Fund Has $16.76 Million Stake in Target Co. (NYSE:TGT)

Illinois Municipal Retirement Fund lifted its stake in Target Co. (NYSE:TGT) by 13.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 123,945 shares of the retailer’s stock after purchasing an additional 14,963 shares during the period. Illinois Municipal Retirement Fund’s holdings in Target were worth $16,755,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in shares of Target in the 3rd quarter valued at $28,000. MCF Advisors LLC boosted its stake in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares during the period. Raleigh Capital Management Inc. increased its holdings in Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after purchasing an additional 135 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Target in the 3rd quarter valued at about $36,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Target in the third quarter valued at about $38,000. Institutional investors own 79.73% of the company’s stock.

Target Trading Up 1.5 %

TGT opened at $126.11 on Tuesday. The company has a market cap of $57.79 billion, a P/E ratio of 13.37, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. The company has a fifty day moving average price of $134.28 and a two-hundred day moving average price of $142.75. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86.

Target Dividend Announcement

The company also recently declared 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 is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.55%. Target’s payout ratio is currently 47.51%.

Analyst Upgrades and Downgrades

TGT has been the subject of a number of recent research reports. Daiwa Capital Markets downgraded Target from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $170.00 to $130.00 in a research report on Tuesday, November 26th. Daiwa America downgraded Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Oppenheimer restated an “outperform” rating and set a $165.00 target price on shares of Target in a report on Monday, November 25th. Sanford C. Bernstein upped their price objective on Target from $139.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday, January 28th. Finally, 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. 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 MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $157.70.

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.