Mount Yale Investment Advisors LLC Has $3.49 Million Stock Holdings in Target Co. (NYSE:TGT)

Mount Yale Investment Advisors LLC increased its holdings in shares of Target Co. (NYSE:TGT) by 358.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,816 shares of the retailer’s stock after purchasing an additional 20,188 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Target were worth $3,490,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TGT. Thrivent Financial for Lutherans grew its holdings in shares of Target by 1.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock valued at $4,368,000 after acquiring an additional 490 shares in the last quarter. D.A. Davidson & CO. boosted its position in Target by 8.6% during the third quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock valued at $18,619,000 after purchasing an additional 9,510 shares during the last quarter. Prana Capital Management LP grew its stake in Target by 47.5% in the third quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock valued at $33,834,000 after purchasing an additional 69,885 shares in the last quarter. Polianta Ltd increased its position in shares of Target by 39.2% during the 4th quarter. Polianta Ltd now owns 10,300 shares of the retailer’s stock worth $1,392,000 after purchasing an additional 2,900 shares during the last quarter. Finally, Leibman Financial Services Inc. bought a new stake in shares of Target during the 4th quarter worth approximately $2,272,000. Institutional investors own 79.73% of the company’s stock.

Target Stock Performance

Shares of TGT stock opened at $137.99 on Monday. The business’s 50-day moving average price is $134.37 and its 200-day moving average price is $144.79. Target Co. has a 12 month low of $120.21 and a 12 month 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 firm has a market capitalization of $63.23 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 2.21 and a beta of 1.16.

Target (NYSE:TGT) last announced its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.45). The company had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the business earned $2.10 earnings per share. Equities research analysts forecast that Target Co. will post 8.68 EPS for the current year.

Target Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio is 47.51%.

Wall Street Analyst Weigh In

TGT has been the topic of a number of recent analyst reports. Evercore ISI lowered their target price on shares of Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a report on Thursday, November 21st. Guggenheim boosted their price objective on shares of Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Hsbc Global Res cut shares of Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. StockNews.com raised Target from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Finally, Daiwa America cut Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Target presently has a consensus rating of “Hold” and a consensus target price of $158.57.

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.