Proficio Capital Partners LLC Increases Stake in Target Co. (NYSE:TGT)

Proficio Capital Partners LLC boosted its stake in shares of Target Co. (NYSE:TGT) by 23,464.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 605,618 shares of the retailer’s stock after acquiring an additional 603,048 shares during the quarter. Proficio Capital Partners LLC owned 0.13% of Target worth $81,867,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TGT. Legacy Investment Solutions LLC purchased a new position in Target during the third quarter valued at approximately $28,000. MCF Advisors LLC raised its position in Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after acquiring an additional 163 shares in the last quarter. Raleigh Capital Management Inc. increased its position in shares of Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after buying an additional 135 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in shares of Target in the third quarter valued at approximately $36,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Target in the third quarter valued at approximately $38,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TGT has been the subject of a number of recent analyst reports. Truist Financial boosted their price objective on Target from $129.00 to $134.00 and gave the company a “hold” rating in a research report on Friday, January 17th. BMO Capital Markets cut their price objective on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research report on Thursday, November 21st. Hsbc Global Res cut Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. StockNews.com upgraded Target from a “hold” rating to a “buy” rating in a research report on Saturday, February 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on Target from $139.00 to $146.00 and gave the company a “neutral” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $157.93.

Target Stock Performance

Shares of Target stock opened at $122.80 on Friday. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86. The business’s fifty day simple moving average is $133.91 and its 200-day simple moving average is $142.42. The firm 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. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be paid a $1.12 dividend. This represents a $4.48 annualized dividend 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%.

About Target

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.