Motco Trims Holdings in Target Co. (NYSE:TGT)

Motco decreased its position in shares of Target Co. (NYSE:TGT) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,827 shares of the retailer’s stock after selling 774 shares during the quarter. Motco’s holdings in Target were worth $3,762,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TGT. Legacy Investment Solutions LLC acquired a new stake in Target during the 3rd quarter valued at approximately $28,000. MCF Advisors LLC lifted its position in Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares during the period. Raleigh Capital Management Inc. boosted its holdings in Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after purchasing an additional 135 shares during the last quarter. FSA Wealth Management LLC purchased a new stake in Target in the third quarter valued at $36,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Target during the 3rd quarter worth about $38,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the topic of a number of recent research reports. Hsbc Global Res downgraded Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft lowered Target from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $184.00 to $108.00 in a research report on Wednesday, November 20th. HSBC downgraded shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price target on the stock. in a report on Wednesday, November 20th. Wells Fargo & Company cut their price objective on shares of Target from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Finally, Guggenheim raised their target price on Target from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. One 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $157.93.

Target Trading Down 1.0 %

Shares of TGT opened at $122.80 on Friday. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86. The firm has a market capitalization of $56.27 billion, a P/E ratio of 13.02, a P/E/G ratio of 1.94 and a beta of 1.15. The firm has a 50-day moving average price of $133.91 and a 200 day moving average price of $142.42. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.65%. 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.