Bryn Mawr Capital Management LLC Has $833,000 Position in Target Co. (NYSE:TGT)

Bryn Mawr Capital Management LLC reduced its stake in shares of Target Co. (NYSE:TGT) by 62.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,851 shares of the retailer’s stock after selling 9,834 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Target were worth $833,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. acquired a new stake in Target in the fourth quarter valued at approximately $29,000. Tower View Wealth Management LLC lifted its stake in Target by 82.8% in the third quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock valued at $26,000 after acquiring an additional 106 shares during the last quarter. Friedenthal Financial acquired a new stake in Target in the fourth quarter valued at approximately $45,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Target in the fourth quarter valued at approximately $49,000. Finally, MV Capital Management Inc. lifted its stake in Target by 200.8% in the fourth quarter. MV Capital Management Inc. now owns 361 shares of the retailer’s stock valued at $51,000 after acquiring an additional 241 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TGT. Oppenheimer boosted their price objective on shares of Target from $160.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. Truist Financial boosted their price objective on shares of Target from $142.00 to $160.00 and gave the stock a “hold” rating in a research note on Wednesday, March 6th. Bank of America boosted their price objective on shares of Target from $160.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. TheStreet upgraded shares of Target from a “c+” rating to a “b-” rating in a research note on Monday, March 4th. Finally, HSBC upgraded shares of Target from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $140.00 to $195.00 in a research note on Wednesday, March 6th. Eleven analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $181.85.

Target Trading Up 0.2 %

Shares of Target stock opened at $164.70 on Friday. The firm has a market capitalization of $76.04 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.91 and a quick ratio of 0.29. The company’s fifty day moving average price is $165.52 and its two-hundred day moving average price is $143.02. Target Co. has a 52-week low of $102.93 and a 52-week high of $181.86.

Target (NYSE:TGT) last announced its quarterly earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.57. Target had a net margin of 3.85% and a return on equity of 33.41%. The firm had revenue of $31.47 billion for the quarter, compared to analyst estimates of $31.83 billion. During the same quarter in the previous year, the firm posted $1.89 EPS. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, analysts expect that Target Co. will post 9.39 EPS for the current year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $4.40 annualized dividend and a dividend yield of 2.67%. Target’s dividend payout ratio is presently 49.27%.

Insider Activity

In other news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $167.52, for a total value of $7,538,400.00. Following the sale, the insider now owns 346,919 shares in the company, valued at approximately $58,115,870.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Melissa K. Kremer sold 3,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $165.05, for a total transaction of $495,150.00. Following the transaction, the insider now owns 30,527 shares in the company, valued at approximately $5,038,481.35. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the transaction, the insider now owns 346,919 shares in the company, valued at approximately $58,115,870.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,600 shares of company stock worth $8,819,598. Corporate insiders own 0.23% of the company’s stock.

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.