IFP Advisors Inc Purchases 805 Shares of Target Co. (NYSE:TGT)

IFP Advisors Inc boosted its position in Target Co. (NYSE:TGT) by 20.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,702 shares of the retailer’s stock after buying an additional 805 shares during the period. IFP Advisors Inc’s holdings in Target were worth $636,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TGT. State Street Corp increased its position in Target by 8.3% in the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after buying an additional 2,732,801 shares in the last quarter. Two Sigma Advisers LP increased its position in Target by 173.2% in the 3rd quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock valued at $369,295,000 after buying an additional 1,502,200 shares in the last quarter. FMR LLC increased its position in Target by 11.7% in the 3rd quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after buying an additional 1,046,044 shares in the last quarter. Worldquant Millennium Advisors LLC increased its position in Target by 773.1% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 832,766 shares of the retailer’s stock valued at $129,795,000 after buying an additional 737,384 shares in the last quarter. Finally, Westfield Capital Management Co. LP bought a new stake in Target in the 3rd quarter valued at about $106,493,000. 79.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on TGT shares. Citigroup boosted their price objective on Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Wells Fargo & Company decreased their price objective on Target from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. JPMorgan Chase & Co. boosted their price objective on Target from $139.00 to $146.00 and gave the stock a “neutral” rating in a report on Wednesday. TD Cowen decreased their price objective on Target from $165.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, November 21st. Finally, Stifel Nicolaus boosted their price objective on Target from $137.00 to $145.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $157.93.

Target Trading Up 1.5 %

NYSE:TGT opened at $124.37 on Friday. The company has a market cap of $56.99 billion, a P/E ratio of 13.19, a P/E/G ratio of 1.94 and a beta of 1.15. The stock’s fifty day moving average price is $133.77 and its two-hundred day moving average price is $142.35. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.60%. Target’s dividend payout ratio is currently 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.