Mainstream Capital Management LLC Makes New $53,000 Investment in Target Co. (NYSE:TGT)

Mainstream Capital Management LLC acquired a new stake in shares of Target Co. (NYSE:TGT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 391 shares of the retailer’s stock, valued at approximately $53,000.

Several other institutional investors also recently made changes to their positions in the stock. Cynosure Group LLC grew its position in Target by 4.3% during the third quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock valued at $248,000 after acquiring an additional 65 shares during the period. Hancock Whitney Corp lifted its stake in shares of Target by 3.3% in the 3rd quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock valued at $336,000 after purchasing an additional 68 shares in the last quarter. Eagle Bluffs Wealth Management LLC grew its holdings in shares of Target by 1.1% during the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock worth $1,063,000 after purchasing an additional 73 shares during the period. Proffitt & Goodson Inc. increased its position in Target by 2.2% during the 3rd quarter. Proffitt & Goodson Inc. now owns 3,460 shares of the retailer’s stock worth $539,000 after purchasing an additional 73 shares in the last quarter. Finally, Kathmere Capital Management LLC increased its position in Target by 3.0% during the 4th quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock worth $343,000 after purchasing an additional 73 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Stock Performance

Target stock opened at $120.28 on Tuesday. The company has a market cap of $55.11 billion, a PE ratio of 12.76, a P/E/G ratio of 1.94 and a beta of 1.15. Target Co. has a 12 month low of $119.92 and a 12 month high of $181.86. The company has a fifty day moving average price of $133.54 and a two-hundred day moving average price of $142.28. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Wednesday, February 12th were given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend was Wednesday, February 12th. Target’s dividend payout ratio is presently 47.51%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TGT shares. BMO Capital Markets decreased their price objective on shares of Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research note on Thursday, November 21st. Daiwa America cut shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Citigroup raised their price objective on Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Roth Mkm decreased their target price on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Finally, Gordon Haskett downgraded Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average 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.