Mission Wealth Management LP Grows Stock Holdings in Target Co. (NYSE:TGT)

Mission Wealth Management LP grew its position in Target Co. (NYSE:TGT) by 109.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,453 shares of the retailer’s stock after buying an additional 4,408 shares during the quarter. Mission Wealth Management LP’s holdings in Target were worth $1,143,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in Target during the third quarter worth about $28,000. MCF Advisors LLC increased its stake in Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after buying an additional 163 shares during the period. Raleigh Capital Management Inc. increased its stake in Target by 110.7% during 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 during the period. FSA Wealth Management LLC acquired a new stake in Target during the 3rd quarter worth approximately $36,000. Finally, Catalyst Capital Advisors LLC purchased a new position in Target in the 3rd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TGT. Roth Mkm reduced their price objective on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. Citigroup increased their price target on Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Gordon Haskett downgraded Target from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Daiwa Capital Markets cut shares of Target from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $170.00 to $130.00 in a report on Tuesday, November 26th. Finally, Wells Fargo & Company lowered their price target on shares of Target from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $157.93.

Target Stock Performance

NYSE TGT opened at $120.28 on Tuesday. The stock has a market capitalization of $55.11 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 1.94 and a beta of 1.15. The business’s 50 day moving average is $133.54 and its two-hundred day moving average is $142.28. Target Co. has a 12-month low of $119.92 and a 12-month high of $181.86. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th were given a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.72%. The ex-dividend date 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.