QRG Capital Management Inc. Has $13.29 Million Stock Holdings in Target Co. (NYSE:TGT)

QRG Capital Management Inc. cut its position in shares of Target Co. (NYSE:TGT) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 98,343 shares of the retailer’s stock after selling 5,628 shares during the period. QRG Capital Management Inc.’s holdings in Target were worth $13,294,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Proficio Capital Partners LLC increased its stake in shares of Target by 23,464.9% during the 4th quarter. Proficio Capital Partners LLC now owns 605,618 shares of the retailer’s stock worth $81,867,000 after purchasing an additional 603,048 shares during the last quarter. Kovack Advisors Inc. increased its stake in shares of Target by 14.8% during the 4th quarter. Kovack Advisors Inc. now owns 4,116 shares of the retailer’s stock worth $556,000 after purchasing an additional 531 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in shares of Target by 2.0% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 181,500 shares of the retailer’s stock worth $24,535,000 after purchasing an additional 3,600 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Target during the 4th quarter worth about $90,000. Finally, Simmons Bank increased its stake in shares of Target by 8.6% during the 4th quarter. Simmons Bank now owns 1,836 shares of the retailer’s stock worth $248,000 after purchasing an additional 145 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Performance

Shares of Target stock opened at $122.80 on Friday. The company has a 50 day moving average of $133.91 and a 200-day moving average of $142.42. Target Co. has a 1-year low of $120.21 and a 1-year 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. The company has a market cap of $56.27 billion, a PE ratio of 13.02, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is presently 47.51%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TGT shares. Roth Mkm lowered their price objective on shares of Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. JPMorgan Chase & Co. upped their price target on shares of Target from $139.00 to $146.00 and gave the company a “neutral” rating in a research note on Wednesday. Bank of America decreased their price target on shares of Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. Hsbc Global Res lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, StockNews.com upgraded shares of Target from a “hold” rating to a “buy” rating in a research note on Saturday, February 22nd. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $157.93.

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.