Capital Investment Advisors LLC Lowers Stock Holdings in Target Co. (NYSE:TGT)

Capital Investment Advisors LLC lowered its stake in Target Co. (NYSE:TGT) by 15.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,867 shares of the retailer’s stock after selling 10,734 shares during the period. Capital Investment Advisors LLC’s holdings in Target were worth $8,228,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TGT. Legacy Investment Solutions LLC acquired a new position in Target during the third quarter worth $28,000. Wolff Wiese Magana LLC grew its position in shares of Target by 156.5% in the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after purchasing an additional 133 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in Target during the 3rd quarter valued at $36,000. Catalyst Capital Advisors LLC acquired a new position in shares of Target in the third quarter worth $38,000. Finally, Reston Wealth Management LLC purchased a new position in shares of Target during the third quarter valued at approximately $41,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TGT. Stifel Nicolaus increased their target price on shares of Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft downgraded shares of Target from a “buy” rating to a “hold” rating and dropped their price target for the stock from $184.00 to $108.00 in a research note on Wednesday, November 20th. Melius Research started coverage on Target in a report on Monday, September 23rd. They issued a “buy” rating and a $180.00 price target for the company. Citigroup downgraded Target from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $188.00 to $130.00 in a report on Wednesday, November 20th. Finally, HSBC cut Target from a “buy” rating to a “hold” rating and set a $138.00 price target on the stock. in a research report on Wednesday, November 20th. 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 company’s stock. Based on data from MarketBeat, Target currently has a consensus rating of “Hold” and an average target price of $160.57.

Target Trading Down 2.4 %

NYSE TGT traded down $3.38 on Monday, hitting $138.24. The company’s stock had a trading volume of 1,550,042 shares, compared to its average volume of 4,176,641. 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 Co. has a 1-year low of $120.21 and a 1-year high of $181.86. The company’s 50-day moving average is $137.58 and its 200 day moving average is $145.53. The firm has a market cap of $63.34 billion, a PE ratio of 14.66, a PEG ratio of 2.21 and a beta of 1.17.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter in the prior year, the business earned $2.10 earnings per share. Target’s revenue for the quarter was up .9% on a year-over-year basis. As a group, analysts predict that Target Co. will post 8.6 earnings per share for the current fiscal year.

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.