Target Co. (NYSE:TGT) Shares Purchased by Jag Capital Management LLC

Jag Capital Management LLC boosted its stake in Target Co. (NYSE:TGT) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,552 shares of the retailer’s stock after acquiring an additional 99 shares during the period. Jag Capital Management LLC’s holdings in Target were worth $2,373,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TGT. Legacy Investment Solutions LLC acquired a new position in Target in the 3rd quarter valued at about $28,000. MCF Advisors LLC boosted its holdings in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares in the last quarter. Raleigh Capital Management Inc. boosted its holdings in Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after purchasing an additional 135 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in Target in the 3rd quarter valued at approximately $36,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in Target in the 3rd quarter valued at approximately $38,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Trading Down 3.2 %

Shares of TGT opened at $120.28 on Tuesday. The stock has a fifty day moving average of $133.54 and a two-hundred day moving average of $142.28. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The company has a market capitalization of $55.11 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. Target Co. has a fifty-two week low of $119.92 and a fifty-two week high of $181.86.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th were issued a $1.12 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.72%. Target’s dividend payout ratio (DPR) is presently 47.51%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TGT. Stifel Nicolaus lifted 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. Hsbc Global Res lowered Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. Citigroup lifted their price objective on Target from $130.00 to $133.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Truist Financial boosted their price target on Target from $129.00 to $134.00 and gave the stock a “hold” rating in a research note on Friday, January 17th. Finally, Sanford C. Bernstein boosted their price target on Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $157.93.

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.