Skylands Capital LLC Sells 100 Shares of Target Co. (NYSE:TGT)

Skylands Capital LLC lowered its position in Target Co. (NYSE:TGT) by 20.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 400 shares of the retailer’s stock after selling 100 shares during the period. Skylands Capital LLC’s holdings in Target were worth $54,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new position in Target in the third quarter valued at about $28,000. MCF Advisors LLC lifted its holdings in shares of Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares in the last quarter. Raleigh Capital Management Inc. grew its position in shares of Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after purchasing an additional 135 shares during the period. FSA Wealth Management LLC bought a new stake in Target during the 3rd quarter worth approximately $36,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Target during the 3rd quarter worth approximately $38,000. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Gordon Haskett cut shares of Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $150.00 price objective on shares of Target in a research report on Friday, January 17th. JPMorgan Chase & Co. lowered their target price on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft downgraded 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. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Target in a research report on Monday, November 25th. 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 MarketBeat, the stock has an average rating of “Hold” and an average price target of $157.70.

Target Trading Up 1.5 %

Shares of Target stock opened at $126.11 on Tuesday. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The company has a market capitalization of $57.79 billion, a price-to-earnings ratio of 13.37, a P/E/G ratio of 1.94 and a beta of 1.15. The business has a fifty day simple moving average of $134.28 and a two-hundred day simple moving average of $142.75. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Wednesday, February 12th. Target’s payout ratio is 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.