Target Co. (NYSE:TGT) Shares Sold by Chase Investment Counsel Corp

Chase Investment Counsel Corp lessened its holdings in Target Co. (NYSE:TGT) by 10.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,162 shares of the retailer’s stock after selling 350 shares during the quarter. Chase Investment Counsel Corp’s holdings in Target were worth $427,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Legacy Investment Solutions LLC purchased a new stake in Target in the 3rd quarter worth approximately $28,000. MCF Advisors LLC lifted its holdings 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. lifted its holdings 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 shares of Target in the 3rd quarter worth $36,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Target in the 3rd quarter worth $38,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on TGT shares. Daiwa America downgraded Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft cut Target from a “buy” rating to a “hold” rating and decreased their price objective for the company from $184.00 to $108.00 in a research note on Wednesday, November 20th. HSBC cut Target from a “buy” rating to a “hold” rating and set a $138.00 target price for the company. in a research note on Wednesday, November 20th. Stifel Nicolaus lifted their price target on Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Finally, Bank of America cut their price target on Target from $195.00 to $160.00 and set a “buy” 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $157.93.

Target Stock Performance

NYSE TGT opened at $124.37 on Friday. The firm has a market cap of $56.99 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 1.94 and a beta of 1.15. The company has a 50 day moving average of $133.77 and a 200-day moving average of $142.35. 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.

Target Announces Dividend

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 issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend is Wednesday, February 12th. 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.