Nwam LLC Trims Holdings in Target Co. (NYSE:TGT)

Nwam LLC trimmed its stake in shares of Target Co. (NYSE:TGT) by 13.8% during the fourth quarter, HoldingsChannel.com reports. The firm 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 SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Thrivent Financial for Lutherans grew 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 purchasing an additional 490 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its stake in Target by 25.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock valued at $2,430,000 after buying an additional 3,590 shares during the period. Northeast Financial Group Inc. purchased a new position in Target during the fourth quarter worth about $1,566,000. D.A. Davidson & CO. increased its stake 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 acquiring an additional 9,510 shares during the last quarter. Finally, LMG Wealth Partners LLC purchased a new stake in shares of Target in the 4th quarter valued at about $1,438,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Price Performance

TGT opened at $124.37 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The stock has a market capitalization of $56.99 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. The stock’s 50 day moving average price is $133.77 and its 200-day moving average price is $142.39. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86.

Target Announces Dividend

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

Analysts Set New Price Targets

Several research analysts recently weighed in on TGT shares. Piper Sandler decreased their price objective on shares of Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Hsbc Global Res lowered shares of Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. Evercore ISI dropped their price objective on shares of Target from $165.00 to $130.00 and set an “in-line” rating for the company in a report on Thursday, November 21st. StockNews.com raised Target from a “hold” rating to a “buy” rating in a research note on Saturday, February 22nd. Finally, Daiwa Capital Markets lowered Target from an “outperform” rating to a “neutral” rating and dropped their price target 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 assigned a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Target has an average rating of “Hold” and a consensus price target of $157.93.

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.