Clifford Swan Investment Counsel LLC Decreases Stock Position in Target Co. (NYSE:TGT)

Clifford Swan Investment Counsel LLC decreased its position in shares of Target Co. (NYSE:TGT) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,518 shares of the retailer’s stock after selling 1,083 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Target were worth $5,477,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new stake in shares of Target during the 3rd quarter worth approximately $28,000. FSA Wealth Management LLC bought a new stake in Target in the third quarter worth $36,000. Catalyst Capital Advisors LLC purchased a new stake in Target during the third quarter valued at $38,000. MCF Advisors LLC lifted its position in Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares during the last quarter. Finally, Raleigh Capital Management Inc. grew its stake in shares of Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after buying an additional 135 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TGT shares. Stifel Nicolaus boosted their price objective on Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. TD Cowen cut their target price on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Oppenheimer restated an “outperform” rating and set a $165.00 price target on shares of Target in a report on Monday, November 25th. BMO Capital Markets dropped their price objective on shares of Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research note on Thursday, November 21st. Finally, JPMorgan Chase & Co. increased their target price on shares of Target from $139.00 to $146.00 and gave the company a “neutral” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $157.93.

Target Price Performance

Shares of NYSE TGT opened at $124.37 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86. The company has a market capitalization of $56.99 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 1.94 and a beta of 1.15. The business has a 50-day moving average of $133.77 and a 200-day moving average of $142.39.

Target Dividend Announcement

The firm 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 3.60%. The ex-dividend date of this dividend was Wednesday, February 12th. Target’s payout ratio is 47.51%.

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.