Bryn Mawr Capital Management LLC Decreases Holdings in Target Co. (NYSE:TGT)

Bryn Mawr Capital Management LLC cut its holdings in shares of Target Co. (NYSE:TGT) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,111 shares of the retailer’s stock after selling 323 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Target were worth $691,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its stake in shares of Target by 1.8% during the third quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock worth $4,368,000 after acquiring an additional 490 shares in the last quarter. Wilmington Savings Fund Society FSB grew its holdings in shares of Target by 25.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock worth $2,430,000 after purchasing an additional 3,590 shares during the last quarter. Northeast Financial Group Inc. bought a new position in shares of Target in the fourth quarter worth approximately $1,566,000. D.A. Davidson & CO. grew its holdings in shares of Target by 8.6% in the third quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock worth $18,619,000 after purchasing an additional 9,510 shares during the last quarter. Finally, LMG Wealth Partners LLC bought a new position in shares of Target in the fourth quarter worth approximately $1,438,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on TGT shares. Hsbc Global Res cut shares of Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. Bank of America cut their target price on shares of Target from $195.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Roth Mkm cut their target price on shares of Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Evercore ISI cut 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. Finally, TD Cowen cut their price target on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Target currently has a consensus rating of “Hold” and a consensus price target of $157.93.

Target Stock Performance

Shares of TGT opened at $124.05 on Thursday. The business’s fifty day simple moving average is $134.06 and its two-hundred day simple moving average is $142.56. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The company has a market cap of $56.84 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 1.94 and a beta of 1.15.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.61%. Target’s dividend payout ratio is 47.51%.

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.