Proficio Capital Partners LLC Boosts Stock Position in Target Co. (NYSE:TGT)

Proficio Capital Partners LLC lifted its position in Target Co. (NYSE:TGT) by 23,464.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 605,618 shares of the retailer’s stock after buying an additional 603,048 shares during the quarter. Proficio Capital Partners LLC’s holdings in Target were worth $81,867,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TGT. Mutual Advisors LLC raised its holdings in shares of Target by 16.4% in the 3rd quarter. Mutual Advisors LLC now owns 21,386 shares of the retailer’s stock valued at $3,212,000 after buying an additional 3,014 shares during the period. First Trust Direct Indexing L.P. raised its holdings in shares of Target by 14.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 17,575 shares of the retailer’s stock valued at $2,739,000 after buying an additional 2,224 shares during the period. Pinnacle Associates Ltd. raised its holdings in shares of Target by 2.2% in the 3rd quarter. Pinnacle Associates Ltd. now owns 40,878 shares of the retailer’s stock valued at $5,822,000 after buying an additional 888 shares during the period. JFS Wealth Advisors LLC raised its holdings in shares of Target by 163.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 1,923 shares of the retailer’s stock valued at $300,000 after buying an additional 1,192 shares during the period. Finally, Oak Harvest Investment Services purchased a new stake in shares of Target in the 3rd quarter valued at $6,670,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Down 1.0 %

Target stock opened at $122.80 on Friday. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86. The stock has a 50 day moving average of $133.91 and a two-hundred day moving average of $142.42. 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 stock has a market capitalization of $56.27 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 1.94 and a beta of 1.15.

Target Announces Dividend

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

Wall Street Analyst Weigh In

TGT has been the topic of several recent research reports. Evercore ISI cut their price target on Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a report on Thursday, November 21st. Roth Mkm cut their price target on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Stifel Nicolaus upped their price target on Target from $137.00 to $145.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Daiwa America downgraded Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, Wells Fargo & Company cut their price target on Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.