Target Co. (NYSE:TGT) Shares Sold by Canandaigua National Trust Co of Florida

Canandaigua National Trust Co of Florida decreased its stake in shares of Target Co. (NYSE:TGT) by 40.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,630 shares of the retailer’s stock after selling 1,817 shares during the quarter. Canandaigua National Trust Co of Florida’s holdings in Target were worth $356,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in TGT. Legacy Investment Solutions LLC purchased a new position in shares of Target in the 3rd quarter valued at $28,000. Wolff Wiese Magana LLC increased its position in Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after purchasing an additional 133 shares during the period. FSA Wealth Management LLC purchased a new position in Target in the third quarter worth $36,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Target in the third quarter valued at about $38,000. Finally, Reston Wealth Management LLC purchased a new stake in Target during the third quarter worth about $41,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TGT has been the topic of several research analyst reports. Sanford C. Bernstein began coverage on Target in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 price target on the stock. TD Cowen decreased their target price on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Evercore ISI dropped their price target on Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research report on Thursday, November 21st. StockNews.com cut Target from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. Finally, Stifel Nicolaus lifted their price target on shares of Target from $137.00 to $145.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, Target has a consensus rating of “Hold” and a consensus target price of $160.57.

Target Stock Up 2.4 %

Shares of NYSE:TGT traded up $3.29 during midday trading on Monday, reaching $139.08. The company had a trading volume of 4,903,767 shares, compared to its average volume of 4,126,281. The stock’s fifty day moving average price is $138.59 and its 200-day moving average price is $145.79. The stock has a market capitalization of $63.73 billion, a P/E ratio of 14.75, a PEG ratio of 2.23 and a beta of 1.16. Target Co. has a one year low of $120.21 and a one year high of $181.86. 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 (NYSE:TGT) last announced its quarterly earnings data 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). The firm had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.10 EPS. Equities research 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.