Target Co. (NYSE:TGT) Shares Purchased by Howard Capital Management Inc.

Howard Capital Management Inc. increased its position in shares of Target Co. (NYSE:TGT) by 8.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,084 shares of the retailer’s stock after acquiring an additional 230 shares during the period. Howard Capital Management Inc.’s holdings in Target were worth $417,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in Target in the 3rd quarter valued at about $28,000. MCF Advisors LLC raised its position in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares in the last quarter. Raleigh Capital Management Inc. raised its position in 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 purchasing an additional 135 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in Target in the 3rd quarter valued at about $36,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Target in the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $150.00 price target on shares of Target in a research report on Friday, January 17th. Daiwa America lowered Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. HSBC lowered Target from a “buy” rating to a “hold” rating and set a $138.00 target price on the stock. in a research report on Wednesday, November 20th. TD Cowen cut their target price on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Finally, Roth Mkm cut their target price on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. One investment 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, Target has an average rating of “Hold” and an average target price of $157.70.

Target Stock Performance

Shares of TGT stock opened at $126.11 on Tuesday. The stock has a fifty day moving average price of $134.28 and a 200 day moving average price of $142.75. The stock has a market cap of $57.79 billion, a PE ratio of 13.37, a P/E/G ratio of 1.94 and a beta of 1.15. 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 quick ratio of 0.25 and a current ratio of 0.94.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be issued 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 yield of 3.55%. Target’s dividend payout ratio is presently 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.