Whipplewood Advisors LLC Takes $90,000 Position in Target Co. (NYSE:TGT)

Whipplewood Advisors LLC purchased a new stake in Target Co. (NYSE:TGT) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 663 shares of the retailer’s stock, valued at approximately $90,000.

A number of other institutional investors have also made changes to their positions in TGT. Legacy Investment Solutions LLC bought a new stake in shares of Target in the 3rd quarter valued at approximately $28,000. MCF Advisors LLC increased its holdings in shares of Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after acquiring an additional 163 shares during the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after acquiring an additional 135 shares during the last quarter. FSA Wealth Management LLC bought a new stake in shares of Target in the 3rd quarter valued at approximately $36,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Target in the 3rd quarter valued at approximately $38,000. 79.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TGT has been the subject of a number of research analyst reports. TD Cowen lowered their price target on Target from $165.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, November 21st. Daiwa America downgraded Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Daiwa Capital Markets downgraded Target from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $170.00 to $130.00 in a research note on Tuesday, November 26th. Stifel Nicolaus upped their price objective on Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company lowered their price objective on Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. One equities research 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 data from MarketBeat, Target currently has an average rating of “Hold” and a consensus price target of $157.93.

Target Trading Up 1.5 %

Shares of Target stock opened at $124.37 on Friday. 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 firm has a market cap of $56.99 billion, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. The business has a fifty day simple moving average of $133.77 and a 200-day simple moving average of $142.35. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be given a dividend of $1.12 per share. 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 presently 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.