Fulton Bank N.A. Trims Position in Target Co. (NYSE:TGT)

by · The Markets Daily

Fulton Bank N.A. trimmed its position in Target Co. (NYSE:TGT – Free Report) by 13.6% during the 4th quarter, HoldingsChannel reports. The firm owned 29,974 shares of the retailer’s stock after selling 4,711 shares during the period. Fulton Bank N.A.’s holdings in Target were worth $4,052,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legacy Investment Solutions LLC bought a new position in shares of Target in the 3rd quarter worth approximately $28,000. Wolff Wiese Magana LLC increased its holdings in Target by 156.5% during 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 last quarter. FSA Wealth Management LLC bought a new position in Target in the third quarter worth approximately $36,000. Catalyst Capital Advisors LLC purchased a new position in shares of Target during the 3rd quarter worth $38,000. Finally, Reston Wealth Management LLC purchased a new position in shares of Target during the 3rd quarter worth $41,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Trading Down 1.1 %

Shares of TGT traded down $1.56 during trading hours on Wednesday, reaching $137.69. 2,111,015 shares of the company traded hands, compared to its average volume of 3,900,248. The stock’s fifty day moving average price is $138.21 and its 200 day moving average price is $145.71. 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 market cap of $63.09 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 2.23 and a beta of 1.16. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86.

Target (NYSE:TGT – Get Free Report) last issued its earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The company had revenue of $25.23 billion for 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 was up .9% compared to the same quarter last year. During the same period last year, the business posted $2.10 earnings per share. Sell-side analysts forecast that Target Co. will post 8.6 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TGT. Wells Fargo & Company decreased their target price on Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Oppenheimer reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Target in a research report on Monday, November 25th. JPMorgan Chase & Co. reduced their target price on shares of Target from $167.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. BMO Capital Markets lowered their price target on shares of Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a report on Thursday, November 21st. Finally, TD Cowen reduced their price objective on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $160.57.

Read Our Latest Analysis on TGT

About Target

(Free Report)

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.

See Also

Want to see what other hedge funds are holding TGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Target Co. (NYSE:TGT – Free Report).