Legacy Private Trust Co. Reduces Stock Holdings in Target Co. (NYSE:TGT)

Legacy Private Trust Co. lessened its position in shares of Target Co. (NYSE:TGT) by 1.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,065 shares of the retailer’s stock after selling 294 shares during the quarter. Legacy Private Trust Co.’s holdings in Target were worth $3,253,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp lifted 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. International Assets Investment Management LLC grew its holdings in Target by 9,940.6% during the 3rd quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock valued at $311,937,000 after buying an additional 1,981,458 shares during the last quarter. Two Sigma Advisers LP increased its position in Target by 173.2% during the third quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock worth $369,295,000 after buying an additional 1,502,200 shares in the last quarter. FMR LLC raised its holdings in shares of Target by 11.7% in the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after acquiring an additional 1,046,044 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Target by 711.2% in the second quarter. AQR Capital Management LLC now owns 876,531 shares of the retailer’s stock valued at $129,762,000 after acquiring an additional 768,479 shares in the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Stock Down 0.8 %

TGT traded down $1.11 during trading on Wednesday, hitting $138.14. The company had a trading volume of 4,621,243 shares, compared to its average volume of 4,422,159. The company has a market capitalization of $63.30 billion, a PE ratio of 14.65, a PEG ratio of 2.23 and a beta of 1.16. 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 one year low of $120.21 and a one year high of $181.86. The firm’s 50-day moving average price is $138.21 and its 200 day moving average price is $145.71.

Target (NYSE:TGT) last posted 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). The firm had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.10 earnings per share. As a group, equities analysts expect that Target Co. will post 8.6 earnings per share for the current year.

Analysts Set New Price Targets

TGT has been the topic of a number of recent research reports. Guggenheim reduced their target price on shares of Target from $180.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. JPMorgan Chase & Co. dropped their price target on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Roth Mkm reduced their target price on shares of Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Stifel Nicolaus increased their price objective on shares of Target from $137.00 to $145.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Finally, Piper Sandler cut their price target on Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $160.57.

Target 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.