Total Clarity Wealth Management Inc. Makes New $419,000 Investment in Target Corporation $TGT

Total Clarity Wealth Management Inc. purchased a new stake in shares of Target Corporation (NYSE:TGT) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,669 shares of the retailer’s stock, valued at approximately $419,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TGT. Vanguard Group Inc. raised its stake in Target by 12.6% during the 3rd quarter. Vanguard Group Inc. now owns 57,925,898 shares of the retailer’s stock valued at $5,195,953,000 after acquiring an additional 6,481,560 shares in the last quarter. State Street Corp grew its position in Target by 4.3% in the 2nd quarter. State Street Corp now owns 36,736,101 shares of the retailer’s stock valued at $3,624,016,000 after buying an additional 1,529,026 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Target by 1.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 16,247,590 shares of the retailer’s stock worth $1,602,825,000 after buying an additional 277,176 shares in the last quarter. Norges Bank acquired a new stake in shares of Target in the 2nd quarter worth approximately $578,009,000. Finally, Invesco Ltd. boosted its holdings in shares of Target by 9.6% in the second quarter. Invesco Ltd. now owns 3,549,382 shares of the retailer’s stock valued at $350,146,000 after acquiring an additional 310,205 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TGT. Wolfe Research upgraded Target from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft set a $108.00 price objective on shares of Target in a research note on Thursday, January 8th. Zacks Research raised shares of Target from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. Roth Mkm set a $88.00 target price on shares of Target in a report on Thursday, November 20th. Finally, Royal Bank Of Canada cut their price objective on Target from $107.00 to $99.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. Ten research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Target presently has a consensus rating of “Hold” and a consensus target price of $105.93.

Target Price Performance

TGT opened at $114.77 on Friday. The stock has a fifty day moving average price of $107.43 and a 200 day moving average price of $97.76. The company has a current ratio of 0.97, a quick ratio of 0.27 and a debt-to-equity ratio of 0.99. Target Corporation has a 1 year low of $83.44 and a 1 year high of $127.06. The stock has a market cap of $51.97 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 11.80 and a beta of 1.14.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Wednesday, February 11th will be paid a $1.14 dividend. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $4.56 annualized dividend and a dividend yield of 4.0%. Target’s payout ratio is presently 55.34%.

About Target

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.