Modus Advisors LLC Has $727,000 Position in Target Co. (NYSE:TGT)

Modus Advisors LLC trimmed its holdings in Target Co. (NYSE:TGT) by 5.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,375 shares of the retailer’s stock after selling 302 shares during the period. Modus Advisors LLC’s holdings in Target were worth $727,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. DGS Capital Management LLC lifted its stake in shares of Target by 38.7% in the third quarter. DGS Capital Management LLC now owns 2,193 shares of the retailer’s stock valued at $342,000 after buying an additional 612 shares during the period. Copley Financial Group Inc. bought a new position in Target during the third quarter valued at about $249,000. Logan Capital Management Inc. lifted its position in shares of Target by 7.1% in the 3rd quarter. Logan Capital Management Inc. now owns 53,737 shares of the retailer’s stock worth $8,375,000 after acquiring an additional 3,549 shares during the period. Fidelity D & D Bancorp Inc. acquired a new stake in shares of Target during the 3rd quarter worth approximately $208,000. Finally, Inspire Trust Co. N.A. increased its position in shares of Target by 28.4% during the third quarter. Inspire Trust Co. N.A. now owns 43,639 shares of the retailer’s stock valued at $6,802,000 after purchasing an additional 9,652 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TGT. Daiwa America downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Evercore ISI decreased their price target on Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research note on Thursday, November 21st. Melius Research initiated coverage on shares of Target in a research report on Monday, September 23rd. They set a “buy” rating and a $180.00 target price for the company. HSBC lowered shares of Target from a “buy” rating to a “hold” rating and set a $138.00 target price for the company. in a report on Wednesday, November 20th. Finally, Sanford C. Bernstein began coverage on Target in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $168.00 price target for the company. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $160.57.

Target Stock Down 0.7 %

TGT traded down $0.97 during trading on Friday, hitting $136.22. 700,662 shares of the company’s stock were exchanged, compared to its average volume of 2,446,144. 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 fifty-two week low of $120.21 and a fifty-two week high of $181.86. The stock has a market cap of $62.42 billion, a P/E ratio of 14.45, a PEG ratio of 2.23 and a beta of 1.17. The business’s 50 day moving average is $138.89 and its two-hundred day moving average is $145.81.

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

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.