1,566 Shares in Target Co. (NYSE:TGT) Bought by Sherman Asset Management Inc.

Sherman Asset Management Inc. bought a new position in shares of Target Co. (NYSE:TGT) in the 4th quarter, Holdings Channel.com reports. The fund bought 1,566 shares of the retailer’s stock, valued at approximately $212,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in Target during the 3rd quarter worth $28,000. FSA Wealth Management LLC acquired a new position in shares of Target during the 3rd quarter worth about $36,000. Catalyst Capital Advisors LLC acquired a new position in shares of Target during the 3rd quarter worth about $38,000. MCF Advisors LLC boosted its position in shares of Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after acquiring an additional 163 shares in the last quarter. Finally, Raleigh Capital Management Inc. boosted 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 acquiring an additional 135 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Up 1.5 %

TGT opened at $124.37 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The business has a 50 day simple moving average of $133.77 and a 200-day simple moving average of $142.39. The stock has a market capitalization of $56.99 billion, a P/E ratio of 13.19, a P/E/G ratio of 1.94 and a beta of 1.15. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th were issued a $1.12 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.60%. Target’s dividend payout ratio is currently 47.51%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. StockNews.com raised Target from a “hold” rating to a “buy” rating in a research report on Saturday, February 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Target in a research report on Friday, January 17th. JPMorgan Chase & Co. upped their price objective on Target from $139.00 to $146.00 and gave the stock a “neutral” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft cut Target from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $184.00 to $108.00 in a research report on Wednesday, November 20th. Finally, Stifel Nicolaus upped their price objective on Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.