Lake Street Advisors Group LLC Has $701,000 Holdings in Target Co. (NYSE:TGT)

Lake Street Advisors Group LLC decreased its holdings in shares of Target Co. (NYSE:TGT) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,183 shares of the retailer’s stock after selling 236 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Target were worth $701,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in shares of Target during the third quarter worth $28,000. MCF Advisors LLC boosted its holdings in Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after buying an additional 163 shares during the last quarter. Raleigh Capital Management Inc. grew its position in shares of 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 position in shares of Target during the 3rd quarter worth about $36,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Target in the 3rd quarter valued at about $38,000. 79.73% of the stock is owned by institutional investors.

Target Stock Performance

NYSE TGT opened at $124.05 on Thursday. The firm’s 50 day simple moving average is $134.06 and its 200 day simple moving average is $142.56. The firm has a market capitalization of $56.84 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 1.94 and a beta of 1.15. 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 Co. has a 1 year low of $120.21 and a 1 year high of $181.86.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio is presently 47.51%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Sanford C. Bernstein lifted their price target on shares of Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 28th. TD Cowen decreased their target price on Target from $165.00 to $145.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. Gordon Haskett downgraded Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Wells Fargo & Company cut their price objective on Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Finally, HSBC lowered Target from a “buy” rating to a “hold” rating and set a $138.00 price objective for the company. in a research report on Wednesday, November 20th. One equities research 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. According to MarketBeat.com, the company currently 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.