Vaughan David Investments LLC IL Raises Stake in Target Co. (NYSE:TGT)

Vaughan David Investments LLC IL boosted its holdings in shares of Target Co. (NYSE:TGT) by 0.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 295,045 shares of the retailer’s stock after purchasing an additional 2,577 shares during the period. Vaughan David Investments LLC IL’s holdings in Target were worth $39,884,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its stake in shares of Target by 6.5% in the 4th quarter. Bank of New York Mellon Corp now owns 3,832,585 shares of the retailer’s stock worth $518,089,000 after acquiring an additional 234,409 shares during the period. Sentry Investment Management LLC acquired a new stake in shares of Target in the 4th quarter worth $232,000. Brown Financial Advisors lifted its stake in shares of Target by 28.6% in the 4th quarter. Brown Financial Advisors now owns 12,818 shares of the retailer’s stock worth $1,733,000 after acquiring an additional 2,847 shares during the period. Pine Valley Investments Ltd Liability Co lifted its stake in shares of Target by 12.1% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 22,849 shares of the retailer’s stock worth $3,089,000 after acquiring an additional 2,461 shares during the period. Finally, BankPlus Trust Department acquired a new stake in shares of Target in the 4th quarter worth $223,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on TGT shares. Roth Mkm reduced their price objective on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Evercore ISI lowered their price target on shares of Target from $165.00 to $130.00 and set an “in-line” rating for the company in a report on Thursday, November 21st. Telsey Advisory Group restated an “outperform” rating and issued a $150.00 target price on shares of Target in a report on Friday, January 17th. Oppenheimer restated an “outperform” rating and issued a $165.00 target price on shares of Target in a report on Monday, November 25th. Finally, Daiwa America cut shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $157.70.

Target Stock Up 1.5 %

Target stock opened at $126.11 on Tuesday. The company has a 50-day simple moving average of $134.28 and a 200-day simple moving average of $142.75. The firm has a market capitalization of $57.79 billion, a P/E ratio of 13.37, a P/E/G ratio of 1.94 and a beta of 1.15. 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 $120.21 and a one year high of $181.86.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio is presently 47.51%.

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.