Regent Peak Wealth Advisors LLC Sells 592 Shares of Target Co. (NYSE:TGT)

Regent Peak Wealth Advisors LLC lowered its stake in Target Co. (NYSE:TGT) by 23.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,948 shares of the retailer’s stock after selling 592 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in Target were worth $263,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Legacy Investment Solutions LLC acquired a new position in Target in the 3rd quarter worth about $28,000. Wolff Wiese Magana LLC increased its stake 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 buying an additional 133 shares during the period. FSA Wealth Management LLC bought a new position in Target in the 3rd quarter valued at approximately $36,000. Catalyst Capital Advisors LLC acquired a new stake in Target during the 3rd quarter worth approximately $38,000. Finally, Reston Wealth Management LLC acquired a new stake in Target during the 3rd quarter worth approximately $41,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Down 0.3 %

Shares of TGT traded down $0.35 on Tuesday, reaching $138.94. The company’s stock had a trading volume of 1,504,817 shares, compared to its average volume of 3,676,746. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86. The stock has a market capitalization of $63.66 billion, a PE ratio of 14.73, a PEG ratio of 2.23 and a beta of 1.16. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The firm has a fifty day moving average of $138.38 and a 200-day moving average of $145.76.

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Roth Mkm dropped their price target on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Bank of America lowered their target price on Target from $195.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. TD Cowen reduced their price target on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Piper Sandler lowered their price objective on Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Finally, BMO Capital Markets reduced their target price on Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $160.57.

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.