Illinois Municipal Retirement Fund Buys 14,963 Shares of Target Co. (NYSE:TGT)

Illinois Municipal Retirement Fund increased its holdings in Target Co. (NYSE:TGT) by 13.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 123,945 shares of the retailer’s stock after buying an additional 14,963 shares during the period. Illinois Municipal Retirement Fund’s holdings in Target were worth $16,755,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Cynosure Group LLC boosted its stake in shares of Target by 4.3% during the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after purchasing an additional 65 shares during the period. Financial Advocates Investment Management lifted its stake in Target by 1.2% in the third quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock worth $894,000 after acquiring an additional 67 shares during the period. Hancock Whitney Corp boosted its stake in shares of Target by 3.3% during the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock valued at $336,000 after purchasing an additional 68 shares in the last quarter. Eagle Bluffs Wealth Management LLC increased its holdings in shares of Target by 1.1% in the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock valued at $1,063,000 after acquiring an additional 73 shares during the period. Finally, Proffitt & Goodson Inc. grew its stake in Target by 2.2% in the third quarter. Proffitt & Goodson Inc. now owns 3,460 shares of the retailer’s stock valued at $539,000 after purchasing an additional 73 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

TGT has been the topic of a number of recent analyst reports. HSBC downgraded Target from a “buy” rating to a “hold” rating and set a $138.00 price target on the stock. in a research report on Wednesday, November 20th. TD Cowen decreased their target price on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Sanford C. Bernstein boosted their target price on shares of Target from $139.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday, January 28th. Gordon Haskett downgraded Target from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Finally, BMO Capital Markets dropped their target price on shares of Target from $160.00 to $120.00 and set a “market perform” 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 given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $157.70.

Target Stock Performance

Shares of Target stock opened at $126.11 on Tuesday. The firm has a market capitalization of $57.79 billion, a P/E ratio of 13.37, a P/E/G ratio of 1.94 and a beta of 1.15. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86. The firm’s 50 day moving average is $134.28 and its two-hundred day moving average is $142.75.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be issued a $1.12 dividend. 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 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.