Mount Yale Investment Advisors LLC Has $3.49 Million Stock Position in Target Co. (NYSE:TGT)

Mount Yale Investment Advisors LLC increased its stake in Target Co. (NYSE:TGT) by 358.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,816 shares of the retailer’s stock after purchasing an additional 20,188 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Target were worth $3,490,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of TGT. State Street Corp lifted its position in shares of 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 acquiring an additional 2,732,801 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Target by 9,940.6% in the third quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock valued at $311,937,000 after purchasing an additional 1,981,458 shares in the last quarter. Two Sigma Advisers LP grew its holdings in shares of Target by 173.2% during the third 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 raised its position in Target by 11.7% during the third 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 during the period. Finally, Worldquant Millennium Advisors LLC lifted its stake in Target by 773.1% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 832,766 shares of the retailer’s stock worth $129,795,000 after acquiring an additional 737,384 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Trading Up 0.5 %

Shares of Target stock opened at $137.99 on Monday. The company’s fifty day moving average price is $134.37 and its two-hundred day moving average price is $144.79. The firm has a market capitalization of $63.23 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 2.21 and a beta of 1.16. Target Co. has a 52-week low of $120.21 and a 52-week 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 (NYSE:TGT) last posted its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.45). The business had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the company earned $2.10 EPS. On average, analysts expect that Target Co. will post 8.68 EPS for the current year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is currently 47.51%.

Analysts Set New Price Targets

Several research firms have weighed in on TGT. Daiwa Capital Markets cut Target from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $170.00 to $130.00 in a research note on Tuesday, November 26th. Citigroup upped their price objective on shares of Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Hsbc Global Res lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Daiwa America cut shares of Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $150.00 price objective on shares of Target in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, Target has a consensus rating of “Hold” and a consensus price target of $158.57.

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.