Mystic Asset Management Inc. Has $854,000 Position in Target Co. (NYSE:TGT)

Mystic Asset Management Inc. lifted its position in shares of Target Co. (NYSE:TGT) by 6.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,316 shares of the retailer’s stock after purchasing an additional 379 shares during the period. Mystic Asset Management Inc.’s holdings in Target were worth $854,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TGT. Cynosure Group LLC raised its stake in shares of Target by 4.3% during the third quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock valued at $248,000 after acquiring an additional 65 shares during the last quarter. Hancock Whitney Corp grew its stake in shares of Target by 3.3% in the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock worth $336,000 after purchasing an additional 68 shares during the last quarter. Kathmere Capital Management LLC increased its holdings in Target by 3.0% in the fourth quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock valued at $343,000 after purchasing an additional 73 shares during the period. Cahill Financial Advisors Inc. raised its position in Target by 1.0% during the 3rd quarter. Cahill Financial Advisors Inc. now owns 7,490 shares of the retailer’s stock worth $1,197,000 after purchasing an additional 76 shares during the last quarter. Finally, Summit Financial Wealth Advisors LLC lifted its holdings in Target by 2.5% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 3,100 shares of the retailer’s stock worth $483,000 after buying an additional 76 shares during the period. 79.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Daiwa Capital Markets cut Target from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $170.00 to $130.00 in a research note on Tuesday, November 26th. Telsey Advisory Group lowered their price target on shares of Target from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Wednesday, March 5th. Evercore ISI reduced their price objective on shares of Target from $135.00 to $130.00 and set an “in-line” rating on the stock in a research note on Wednesday, March 5th. TD Cowen lowered their target price on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. Finally, KGI Securities set a $132.00 price target on shares of Target in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $145.87.

Target Stock Up 0.9 %

TGT opened at $105.61 on Tuesday. Target Co. has a fifty-two week low of $103.46 and a fifty-two week high of $181.86. The firm has a market capitalization of $48.11 billion, a P/E ratio of 11.20, a PEG ratio of 1.94 and a beta of 1.18. The company’s 50-day moving average is $128.68 and its 200 day moving average is $139.29. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

Target (NYSE:TGT) last posted its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping the consensus estimate of $2.24 by $0.17. The firm had revenue of $30.92 billion for the quarter, compared to analysts’ expectations of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Research analysts expect that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be paid a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a yield of 4.24%. Target’s dividend payout ratio (DPR) is presently 50.56%.

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.