Rise Advisors LLC Has $150,000 Holdings in Target Co. (NYSE:TGT)

Rise Advisors LLC decreased its holdings in Target Co. (NYSE:TGT) by 9.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,112 shares of the retailer’s stock after selling 120 shares during the period. Rise Advisors LLC’s holdings in Target were worth $150,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. BMO Capital Markets reduced their price objective on shares of Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research note on Thursday, November 21st. Sanford C. Bernstein began coverage on shares of Target in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $168.00 target price on the stock. StockNews.com lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. Oppenheimer restated an “outperform” rating and set a $165.00 price objective on shares of Target in a research report on Monday, November 25th. Finally, JPMorgan Chase & Co. reduced their target price on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. One research 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $160.57.

Target Trading Down 0.4 %

Shares of TGT stock traded down $0.52 during trading hours on Tuesday, reaching $138.77. The company had a trading volume of 1,746,871 shares, compared to its average volume of 3,754,215. 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 1-year low of $120.21 and a 1-year high of $181.86. The company has a 50 day moving average of $138.38 and a 200 day moving average of $145.76. The firm has a market cap of $63.59 billion, a price-to-earnings ratio of 14.72, a P/E/G ratio of 2.23 and a beta of 1.16.

Target (NYSE:TGT) last issued its quarterly earnings data 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 net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. During the same quarter in the prior year, the firm posted $2.10 EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities research analysts anticipate that Target Co. will post 8.6 EPS for the current 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.