FourThought Financial Partners LLC Has $4.18 Million Stake in Target Co. (NYSE:TGT)

FourThought Financial Partners LLC lowered its position in shares of Target Co. (NYSE:TGT) by 23.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,953 shares of the retailer’s stock after selling 9,324 shares during the quarter. FourThought Financial Partners LLC’s holdings in Target were worth $4,184,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in shares of Target during the third quarter worth $28,000. FSA Wealth Management LLC bought a new position in Target in the third quarter valued at $36,000. Catalyst Capital Advisors LLC bought a new position in shares of Target in the 3rd quarter valued at about $38,000. MCF Advisors LLC boosted 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 last quarter. Finally, Raleigh Capital Management Inc. boosted 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 buying an additional 135 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TGT. Daiwa Capital Markets cut Target from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $170.00 to $130.00 in a research report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft downgraded Target from a “buy” rating to a “hold” rating and reduced their price target for the company from $184.00 to $108.00 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 research report on Tuesday, November 26th. Roth Mkm decreased their target price on shares of Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Finally, Sanford C. Bernstein lifted their price objective on Target from $139.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, January 28th. One equities 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’s stock. According to MarketBeat, Target has an average rating of “Hold” and an average price target of $157.70.

Target Price Performance

TGT opened at $126.11 on Tuesday. The stock’s 50 day simple moving average is $134.28 and its 200 day simple moving average is $142.75. 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 Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The firm has a market cap of $57.79 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 1.94 and a beta of 1.15.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be given a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.55%. Target’s dividend payout ratio is currently 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.