Nwam LLC Sells 385 Shares of Target Co. (NYSE:TGT)

Nwam LLC trimmed its stake in shares of Target Co. (NYSE:TGT) by 13.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,411 shares of the retailer’s stock after selling 385 shares during the quarter. Nwam LLC’s holdings in Target were worth $326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in Target during the 3rd quarter worth approximately $28,000. MCF Advisors LLC increased its position in shares of Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after buying an additional 163 shares during the period. Raleigh Capital Management Inc. raised its stake in Target by 110.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after buying an additional 135 shares during the last quarter. FSA Wealth Management LLC acquired a new position in Target in the third quarter valued at $36,000. Finally, Catalyst Capital Advisors LLC bought a new stake in Target during the third quarter valued at $38,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Performance

Shares of TGT opened at $124.37 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 stock’s fifty day moving average price is $133.77 and its two-hundred day moving average price is $142.39. The firm has a market cap of $56.99 billion, a PE ratio of 13.19, a PEG ratio of 1.94 and a beta of 1.15.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Wednesday, February 12th were paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend was Wednesday, February 12th. Target’s dividend payout ratio is currently 47.51%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TGT shares. TD Cowen lowered their price objective on Target from $165.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Roth Mkm lowered their target price on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Bank of America cut their price target on Target from $195.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Stifel Nicolaus lifted their price objective on shares of Target from $137.00 to $145.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Finally, Daiwa Capital Markets lowered shares of Target from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $170.00 to $130.00 in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $157.93.

About Target

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.