Mitchell Capital Management Co. Trims Stock Holdings in Target Co. (NYSE:TGT)

Mitchell Capital Management Co. decreased its holdings in Target Co. (NYSE:TGT) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,445 shares of the retailer’s stock after selling 1,457 shares during the period. Mitchell Capital Management Co.’s holdings in Target were worth $4,251,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in shares of Target in the third quarter worth about $28,000. MCF Advisors LLC boosted its stake in shares of Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after acquiring an additional 163 shares during the period. Raleigh Capital Management Inc. boosted its stake in shares of Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after acquiring an additional 135 shares during the period. FSA Wealth Management LLC bought a new position in shares of Target in the third quarter worth about $36,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Target in the third quarter worth about $38,000. Institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

TGT has been the subject of a number of recent analyst reports. StockNews.com raised Target from a “hold” rating to a “buy” rating in a research note on Saturday, February 22nd. Deutsche Bank Aktiengesellschaft lowered Target from a “buy” rating to a “hold” rating and dropped their price target for the company from $184.00 to $108.00 in a research note on Wednesday, November 20th. Sanford C. Bernstein increased their price target on Target from $139.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday, January 28th. Stifel Nicolaus increased their price target on Target from $137.00 to $145.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Finally, TD Cowen dropped their price target on Target from $165.00 to $145.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Target has an average rating of “Hold” and an average target price of $157.93.

Target Trading Up 1.5 %

TGT opened at $124.37 on Friday. The stock’s fifty day moving average is $133.77 and its two-hundred day moving average is $142.39. The company has a market capitalization of $56.99 billion, a P/E ratio of 13.19, a PEG ratio of 1.94 and a beta of 1.15. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

Target Dividend Announcement

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