Metis Global Partners LLC Boosts Stock Position in Target Co. (NYSE:TGT)

Metis Global Partners LLC boosted its holdings in Target Co. (NYSE:TGT) by 1.4% during the 4th quarter, Holdings Channel reports. The firm owned 19,783 shares of the retailer’s stock after acquiring an additional 268 shares during the period. Metis Global Partners LLC’s holdings in Target were worth $2,674,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new position in Target in the third quarter worth $28,000. FSA Wealth Management LLC purchased a new position in Target in the third quarter worth $36,000. Catalyst Capital Advisors LLC purchased a new position in Target in the third quarter worth $38,000. MCF Advisors LLC boosted its position in Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares during the last quarter. Finally, Raleigh Capital Management Inc. lifted its position in shares of 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 buying an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Price Performance

Shares of NYSE TGT opened at $124.37 on Friday. 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 firm has a market capitalization of $56.99 billion, a P/E ratio of 13.19, a P/E/G ratio of 1.94 and a beta of 1.15. The stock’s 50-day simple moving average is $133.77 and its two-hundred day simple moving average is $142.39. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th were given a dividend of $1.12 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.60%. Target’s dividend payout ratio (DPR) is presently 47.51%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TGT shares. Daiwa America cut Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Oppenheimer reaffirmed an “outperform” rating and set a $165.00 price target on shares of Target in a research report on Monday, November 25th. Deutsche Bank Aktiengesellschaft cut Target from a “buy” rating to a “hold” rating and dropped their price target for the company from $184.00 to $108.00 in a research report on Wednesday, November 20th. StockNews.com raised Target from a “hold” rating to a “buy” rating in a research report on Saturday, February 22nd. Finally, Bank of America dropped 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 analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.