Target Co. (NYSE:TGT) Shares Purchased by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co boosted its holdings in shares of Target Co. (NYSE:TGT) by 12.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,849 shares of the retailer’s stock after buying an additional 2,461 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Target were worth $3,089,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. BankPlus Trust Department acquired a new stake in shares of Target in the fourth quarter valued at $223,000. Impax Asset Management Group plc raised its position in Target by 12.4% in the 4th quarter. Impax Asset Management Group plc now owns 271,325 shares of the retailer’s stock valued at $36,678,000 after purchasing an additional 29,878 shares in the last quarter. Edge Capital Group LLC boosted its stake in shares of Target by 15.6% in the 4th quarter. Edge Capital Group LLC now owns 33,700 shares of the retailer’s stock valued at $4,556,000 after buying an additional 4,558 shares during the period. Crestwood Advisors Group LLC boosted its stake in shares of Target by 4.0% in the 4th quarter. Crestwood Advisors Group LLC now owns 11,713 shares of the retailer’s stock valued at $1,583,000 after buying an additional 446 shares during the period. Finally, IFP Advisors Inc grew its position in shares of Target by 20.7% during the fourth quarter. IFP Advisors Inc now owns 4,702 shares of the retailer’s stock worth $636,000 after buying an additional 805 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Trading Up 1.5 %

Shares of Target stock opened at $126.11 on Tuesday. The firm has a market cap of $57.79 billion, a price-to-earnings ratio of 13.37, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86. The company’s 50-day simple moving average is $134.28 and its 200-day simple moving average is $142.75. 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 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. This represents a $4.48 annualized dividend and a yield of 3.55%. The ex-dividend date is Wednesday, February 12th. Target’s payout ratio is 47.51%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TGT. Stifel Nicolaus lifted their price target on shares of Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. HSBC cut shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price objective for the company. in a research report on Wednesday, November 20th. StockNews.com raised Target from a “hold” rating to a “buy” rating in a report on Saturday. Oppenheimer reaffirmed an “outperform” rating and set a $165.00 price target on shares of Target in a report on Monday, November 25th. Finally, Bank of America lowered their price objective on Target from $195.00 to $160.00 and set a “buy” rating for the company 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $157.70.

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.