Moors & Cabot Inc. Has $2 Million Stake in Target Co. (NYSE:TGT)

Moors & Cabot Inc. raised its stake in shares of Target Co. (NYSE:TGT) by 2.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 14,776 shares of the retailer’s stock after buying an additional 310 shares during the period. Moors & Cabot Inc.’s holdings in Target were worth $1,997,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TGT. Legacy Investment Solutions LLC acquired a new position in Target during the 3rd quarter valued at about $28,000. MCF Advisors LLC boosted its stake in Target by 175.3% during 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 during the last quarter. Raleigh Capital Management Inc. boosted its stake in Target by 110.7% during 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 during the last quarter. FSA Wealth Management LLC acquired a new position in Target during the 3rd quarter valued at about $36,000. Finally, OFI Invest Asset Management acquired a new position in Target during the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the topic of several recent analyst reports. The Goldman Sachs Group dropped their target price on shares of Target from $166.00 to $142.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Citigroup dropped their target price on shares of Target from $133.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. Guggenheim lifted their target price on shares of Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Telsey Advisory Group dropped their target price on shares of Target from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 5th. Finally, Roth Capital set a $122.00 target price on shares of Target in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $145.87.

Target Stock Performance

Target stock opened at $107.31 on Thursday. The company’s 50-day moving average price is $130.62 and its 200-day moving average price is $140.51. Target Co. has a twelve month low of $107.02 and a twelve month high of $181.86. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The company has a market cap of $49.17 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last posted its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. On average, equities research analysts forecast that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 4.17%. Target’s payout ratio is 50.56%.

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.