Lmcg Investments LLC Has $717,000 Stock Holdings in Target Co. (NYSE:TGT)

Lmcg Investments LLC boosted its stake in Target Co. (NYSE:TGT) by 26.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,305 shares of the retailer’s stock after buying an additional 1,108 shares during the quarter. Lmcg Investments LLC’s holdings in Target were worth $717,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. AE Wealth Management LLC raised its stake in shares of Target by 45.4% during the 2nd quarter. AE Wealth Management LLC now owns 9,156 shares of the retailer’s stock worth $1,356,000 after purchasing an additional 2,860 shares in the last quarter. Pacer Advisors Inc. raised its position in Target by 15.4% during the second quarter. Pacer Advisors Inc. now owns 36,052 shares of the retailer’s stock valued at $5,337,000 after acquiring an additional 4,811 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Target by 39.9% in the second quarter. Thrivent Financial for Lutherans now owns 27,535 shares of the retailer’s stock valued at $4,076,000 after acquiring an additional 7,860 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in Target by 159.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,698 shares of the retailer’s stock worth $1,584,000 after acquiring an additional 6,575 shares in the last quarter. Finally, Epoch Investment Partners Inc. acquired a new position in shares of Target during the 2nd quarter worth $1,865,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TGT. JPMorgan Chase & Co. decreased their price objective on shares of Target from $167.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Sanford C. Bernstein initiated coverage on Target in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 price target for the company. Evercore ISI cut their price objective on Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research note on Thursday, November 21st. Wells Fargo & Company decreased their target price on Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Finally, Oppenheimer reissued an “outperform” rating and issued a $165.00 price target on shares of Target in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Target presently has an average rating of “Hold” and a consensus price target of $158.23.

Target Stock Performance

NYSE TGT opened at $137.28 on Wednesday. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The stock has a market cap of $62.90 billion, a P/E ratio of 14.56, a PEG ratio of 2.19 and a beta of 1.16. The company’s 50-day simple moving average is $135.74 and its 200 day simple moving average is $145.07.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). The company had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.10 earnings per share. As a group, research analysts forecast that Target Co. will post 8.62 earnings per share for the current fiscal year.

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 issued a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.26%. Target’s payout ratio is presently 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.