Target Co. (NYSE:TGT) Shares Bought by Jag Capital Management LLC

Jag Capital Management LLC boosted its holdings in shares of Target Co. (NYSE:TGT) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,552 shares of the retailer’s stock after acquiring an additional 99 shares during the quarter. Jag Capital Management LLC’s holdings in Target were worth $2,373,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Mainstream Capital Management LLC acquired a new stake in Target during the fourth quarter worth $53,000. Charles Schwab Investment Management Inc. increased its stake in Target by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,144,828 shares of the retailer’s stock worth $425,118,000 after acquiring an additional 91,357 shares during the last quarter. Bedel Financial Consulting Inc. increased its stake in Target by 9.6% during the fourth quarter. Bedel Financial Consulting Inc. now owns 1,789 shares of the retailer’s stock worth $242,000 after acquiring an additional 157 shares during the last quarter. Mission Wealth Management LP increased its stake in Target by 109.0% during the fourth quarter. Mission Wealth Management LP now owns 8,453 shares of the retailer’s stock worth $1,143,000 after acquiring an additional 4,408 shares during the last quarter. Finally, Silver Coast Investments LLC increased its stake in Target by 3.8% during the fourth quarter. Silver Coast Investments LLC now owns 3,592 shares of the retailer’s stock worth $486,000 after acquiring an additional 131 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Down 3.2 %

TGT opened at $120.28 on Tuesday. The business’s 50-day simple moving average is $133.54 and its 200-day simple moving average is $142.28. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target Co. has a one year low of $119.92 and a one year high of $181.86. The stock has a market capitalization of $55.11 billion, a P/E ratio of 12.76, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15.

Target Announces Dividend

The company also recently announced 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. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend was Wednesday, February 12th. Target’s dividend payout ratio (DPR) is currently 47.51%.

Wall Street Analysts Forecast Growth

TGT has been the subject of several research analyst reports. Roth Mkm lowered their price target on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. StockNews.com lowered Target from a “buy” rating to a “hold” rating in a research report on Monday. BMO Capital Markets lowered their price target on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research report on Thursday, November 21st. Hsbc Global Res lowered Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Stifel Nicolaus raised 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. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company 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.