J. W. Coons Advisors LLC Has $297,000 Stock Position in Target Co. (NYSE:TGT)

J. W. Coons Advisors LLC lowered its stake in Target Co. (NYSE:TGT) by 36.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,195 shares of the retailer’s stock after selling 1,265 shares during the quarter. J. W. Coons Advisors LLC’s holdings in Target were worth $297,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

TGT has been the topic of several research reports. TD Cowen cut their target price on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Citigroup boosted their price objective on shares of Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Gordon Haskett downgraded shares of Target from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Daiwa Capital Markets cut shares of Target from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $170.00 to $130.00 in a research report on Tuesday, November 26th. Finally, Evercore ISI reduced their price objective on shares of Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $157.70.

Target Stock Performance

TGT opened at $126.11 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The business has a fifty day simple moving average of $134.28 and a 200 day simple moving average of $142.75. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The company has a market capitalization of $57.79 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors 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 annualized dividend and a dividend yield of 3.55%. Target’s dividend payout ratio (DPR) is presently 47.51%.

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.