MONECO Advisors LLC Raises Holdings in Target Co. (NYSE:TGT)

MONECO Advisors LLC lifted its holdings in shares of Target Co. (NYSE:TGT) by 8.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,536 shares of the retailer’s stock after acquiring an additional 189 shares during the period. MONECO Advisors LLC’s holdings in Target were worth $343,000 at the end of the most recent quarter.

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

Target Stock Up 1.5 %

Shares of TGT opened at $126.11 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target Co. has a one year low of $120.21 and a one year high of $181.86. The stock has a market capitalization of $57.79 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 1.94 and a beta of 1.15. The stock has a 50 day moving average price of $134.28 and a 200 day moving average price of $142.75.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Wednesday, February 12th. Target’s payout ratio is 47.51%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. StockNews.com raised Target from a “hold” rating to a “buy” rating in a report on Saturday. Hsbc Global Res downgraded Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. Bank of America decreased their target price on Target from $195.00 to $160.00 and set a “buy” 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 report on Tuesday, November 26th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $165.00 target price on shares of Target in a report on Monday, November 25th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Target has an average rating of “Hold” and an average price target of $157.70.

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.