Bryn Mawr Capital Management LLC Sells 323 Shares of Target Co. (NYSE:TGT)

Bryn Mawr Capital Management LLC lessened its holdings in shares of Target Co. (NYSE:TGT) by 5.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 modified their holdings of the company. Thrivent Financial for Lutherans boosted its position in shares of Target by 1.8% during 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 during the last quarter. Wilmington Savings Fund Society FSB boosted its position in shares of Target by 25.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock valued at $2,430,000 after acquiring an additional 3,590 shares during the last quarter. Northeast Financial Group Inc. bought a new stake in shares of Target during the 4th quarter valued at about $1,566,000. D.A. Davidson & CO. lifted its position in Target by 8.6% in the 3rd quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock worth $18,619,000 after buying an additional 9,510 shares during the last quarter. Finally, Prana Capital Management LP lifted its position in Target by 47.5% in the 3rd quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock worth $33,834,000 after buying an additional 69,885 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Sanford C. Bernstein boosted their target price on Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 28th. TD Cowen dropped their target price on Target from $165.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Hsbc Global Res downgraded Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. HSBC downgraded Target from a “buy” rating to a “hold” rating and set a $138.00 target price for the company. in a research report on Wednesday, November 20th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $150.00 target price on shares of Target in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $157.70.

Target Price Performance

Shares of NYSE:TGT opened at $124.40 on Friday. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The business has a fifty day moving average price of $134.41 and a 200-day moving average price of $142.67. The company has a market capitalization of $57.00 billion, a PE ratio of 13.19, a PEG ratio of 1.98 and a beta of 1.15.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. During the same period last year, the business earned $2.10 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. As a group, equities analysts expect that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.60%. Target’s dividend payout ratio (DPR) is presently 47.51%.

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.