Vaughan David Investments LLC IL Purchases 2,577 Shares of Target Co. (NYSE:TGT)

Vaughan David Investments LLC IL increased its position in shares of Target Co. (NYSE:TGT) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 295,045 shares of the retailer’s stock after acquiring an additional 2,577 shares during the quarter. Vaughan David Investments LLC IL owned about 0.06% of Target worth $39,884,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in shares of Target by 6.5% during 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 in the last quarter. Sentry Investment Management LLC acquired a new position in Target during the 4th quarter valued at approximately $232,000. Brown Financial Advisors increased its stake in Target by 28.6% during the 4th quarter. Brown Financial Advisors now owns 12,818 shares of the retailer’s stock valued at $1,733,000 after purchasing an additional 2,847 shares in the last quarter. Pine Valley Investments Ltd Liability Co increased its stake in Target by 12.1% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 22,849 shares of the retailer’s stock valued at $3,089,000 after purchasing an additional 2,461 shares in the last quarter. Finally, BankPlus Trust Department acquired a new position in Target during the 4th quarter valued at approximately $223,000. Institutional investors own 79.73% of the company’s stock.

Target Trading Up 1.5 %

NYSE TGT opened at $126.11 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The firm’s fifty day moving average price is $134.28 and its 200 day moving average price is $142.75. The company has a market capitalization 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 12 month low of $120.21 and a 12 month high of $181.86.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is 47.51%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Gordon Haskett lowered shares of Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Oppenheimer restated an “outperform” rating and set a $165.00 price target on shares of Target in a research note on Monday, November 25th. TD Cowen cut their price target on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Hsbc Global Res lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Guggenheim upped their price target on shares of Target from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.