Silverleafe Capital Partners LLC Purchases New Shares in Target Co. (NYSE:TGT)

Silverleafe Capital Partners LLC acquired a new position in shares of Target Co. (NYSE:TGT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,262 shares of the retailer’s stock, valued at approximately $306,000.

Other institutional investors also recently modified their holdings of the company. State Street Corp increased its holdings in shares of Target by 8.3% in the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after purchasing an additional 2,732,801 shares in the last quarter. FMR LLC increased its stake in shares of Target by 11.7% in the 3rd quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after buying an additional 1,046,044 shares during the period. Geode Capital Management LLC lifted its stake in shares of Target by 1.4% during the third quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock valued at $1,461,456,000 after acquiring an additional 130,691 shares during the period. Legal & General Group Plc boosted its holdings in Target by 6.8% in the second quarter. Legal & General Group Plc now owns 4,374,851 shares of the retailer’s stock valued at $647,652,000 after acquiring an additional 279,656 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Target by 1.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,321,055 shares of the retailer’s stock worth $517,620,000 after purchasing an additional 62,916 shares during the period. 79.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TGT has been the topic of a number of analyst reports. Daiwa America downgraded Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Daiwa Capital Markets cut Target from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $170.00 to $130.00 in a report on Tuesday, November 26th. HSBC downgraded shares of 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. Deutsche Bank Aktiengesellschaft cut shares of Target from a “buy” rating to a “hold” rating and decreased their price objective for the company from $184.00 to $108.00 in a report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. cut their target price on shares of Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $160.57.

Target Stock Up 2.4 %

Shares of NYSE:TGT traded up $3.24 during midday trading on Monday, hitting $139.03. 2,033,858 shares of the company’s stock were exchanged, compared to its average volume of 3,434,202. The company has a market cap of $63.71 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 2.23 and a beta of 1.16. 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 Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The stock has a 50 day moving average price of $138.59 and a 200-day moving average price of $145.79.

Target (NYSE:TGT) last released its 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 net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same period in the prior year, the company earned $2.10 earnings per share. The business’s revenue was up .9% on a year-over-year basis. On average, sell-side analysts anticipate that Target Co. will post 8.6 EPS 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.