Jacobi Capital Management LLC Has $3.86 Million Stock Position in Target Co. (NYSE:TGT)

Jacobi Capital Management LLC lifted its position in Target Co. (NYSE:TGT) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,562 shares of the retailer’s stock after buying an additional 368 shares during the quarter. Jacobi Capital Management LLC’s holdings in Target were worth $3,861,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of TGT. JFS Wealth Advisors LLC lifted its stake in shares of Target by 163.1% in the third quarter. JFS Wealth Advisors LLC now owns 1,923 shares of the retailer’s stock worth $300,000 after buying an additional 1,192 shares during the last quarter. Financial Advocates Investment Management lifted its stake in shares of 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 buying an additional 67 shares during the last quarter. Catalyst Financial Partners LLC lifted its stake in shares of Target by 14.0% in the third quarter. Catalyst Financial Partners LLC now owns 1,663 shares of the retailer’s stock worth $259,000 after buying an additional 204 shares during the last quarter. HM Payson & Co. lifted its stake in shares of Target by 12.5% in the third quarter. HM Payson & Co. now owns 9,467 shares of the retailer’s stock worth $1,476,000 after buying an additional 1,053 shares during the last quarter. Finally, United Asset Strategies Inc. lifted its stake in shares of Target by 8.0% in the third quarter. United Asset Strategies Inc. now owns 4,985 shares of the retailer’s stock worth $777,000 after buying an additional 370 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Performance

Target stock opened at $124.37 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The company has a market cap of $56.99 billion, a PE ratio of 13.19, a PEG ratio of 1.94 and a beta of 1.15. The company’s 50-day moving average is $133.77 and its two-hundred day moving average is $142.35.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.60%. Target’s payout ratio is presently 47.51%.

Wall Street Analyst Weigh In

TGT has been the topic of a number of research reports. Citigroup boosted their target price on shares of Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft lowered shares of Target from a “buy” rating to a “hold” rating and dropped their target price for the stock from $184.00 to $108.00 in a research report on Wednesday, November 20th. Oppenheimer reaffirmed an “outperform” rating and set a $165.00 target price on shares of Target in a research report on Monday, November 25th. Evercore ISI dropped their target price on shares of Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research report on Thursday, November 21st. 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 given a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $157.93.

Target Company 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.