Pine Valley Investments Ltd Liability Co Increases Stake in Target Co. (NYSE:TGT)

Pine Valley Investments Ltd Liability Co grew its stake in Target Co. (NYSE:TGT) by 12.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,849 shares of the retailer’s stock after purchasing an additional 2,461 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Target were worth $3,089,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TGT. Cynosure Group LLC boosted its holdings in Target by 4.3% during the third quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after buying an additional 65 shares in the last quarter. Financial Advocates Investment Management raised its position in shares of Target by 1.2% in the third quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock worth $894,000 after acquiring an additional 67 shares during the period. Hancock Whitney Corp boosted its stake in shares of Target by 3.3% during the 3rd quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock worth $336,000 after acquiring an additional 68 shares in the last quarter. Eagle Bluffs Wealth Management LLC grew its position in shares of Target by 1.1% during the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock valued at $1,063,000 after acquiring an additional 73 shares during the period. Finally, Proffitt & Goodson Inc. increased its stake in shares of Target by 2.2% in the 3rd quarter. Proffitt & Goodson Inc. now owns 3,460 shares of the retailer’s stock valued at $539,000 after purchasing an additional 73 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Performance

NYSE:TGT opened at $126.11 on Tuesday. The stock has a market capitalization of $57.79 billion, a P/E ratio of 13.37, a PEG 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 fifty-two week low of $120.21 and a fifty-two week high of $181.86. The company has a 50 day moving average price of $134.28 and a 200 day moving average price of $142.75.

Target Announces Dividend

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

Analysts Set New Price Targets

Several analysts have commented on TGT shares. Stifel Nicolaus raised their price objective on Target from $137.00 to $145.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Citigroup lifted their price target on shares of Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Daiwa Capital Markets cut shares of Target from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $170.00 to $130.00 in a research report on Tuesday, November 26th. HSBC lowered shares of Target from a “buy” rating to a “hold” rating and set a $138.00 target price on the stock. in a research report on Wednesday, November 20th. Finally, TD Cowen reduced their price target on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.