Mainstream Capital Management LLC Makes New $53,000 Investment in Target Co. (NYSE:TGT)

Mainstream Capital Management LLC bought a new stake in Target Co. (NYSE:TGT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 391 shares of the retailer’s stock, valued at approximately $53,000.

A number of other institutional investors have also modified their holdings of TGT. Charles Schwab Investment Management Inc. increased its stake in Target by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,144,828 shares of the retailer’s stock valued at $425,118,000 after buying an additional 91,357 shares during the period. Bedel Financial Consulting Inc. boosted its holdings in shares of Target by 9.6% in the fourth quarter. Bedel Financial Consulting Inc. now owns 1,789 shares of the retailer’s stock valued at $242,000 after acquiring an additional 157 shares in the last quarter. Mission Wealth Management LP increased its stake in shares of Target by 109.0% during the fourth quarter. Mission Wealth Management LP now owns 8,453 shares of the retailer’s stock worth $1,143,000 after acquiring an additional 4,408 shares during the period. Silver Coast Investments LLC raised its holdings in Target by 3.8% during the fourth quarter. Silver Coast Investments LLC now owns 3,592 shares of the retailer’s stock worth $486,000 after purchasing an additional 131 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Target in the fourth quarter valued at about $5,443,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analysts Set New Price Targets

TGT has been the topic of several recent analyst reports. Stifel Nicolaus boosted their target price on Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Truist Financial upped their price objective on Target from $129.00 to $134.00 and gave the stock a “hold” rating in a report on Friday, January 17th. Gordon Haskett cut Target from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Bank of America decreased their target price on shares of Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Finally, Evercore ISI cut their price target on shares of Target from $165.00 to $130.00 and set an “in-line” rating for the company in a report on Thursday, November 21st. One research 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. Based on data from MarketBeat, Target presently has a consensus rating of “Hold” and an average price target of $157.93.

Target Stock Down 3.2 %

Shares of NYSE TGT opened at $120.28 on Tuesday. The firm has a market cap of $55.11 billion, a P/E ratio of 12.76, a price-to-earnings-growth 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 1 year low of $119.92 and a 1 year high of $181.86. The firm’s 50 day moving average price is $133.54 and its 200 day moving average price is $142.28.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th were given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend was Wednesday, February 12th. Target’s dividend payout ratio is currently 47.51%.

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.