HBW Advisory Services LLC Raises Stock Holdings in Target Co. (NYSE:TGT)

HBW Advisory Services LLC grew its holdings in shares of Target Co. (NYSE:TGT – Free Report) by 8.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 17,031 shares of the retailer’s stock after buying an additional 1,282 shares during the period. HBW Advisory Services LLC’s holdings in Target were worth $2,302,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in Target during the 3rd quarter valued at about $28,000. Wolff Wiese Magana LLC increased its stake in shares of 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 purchasing an additional 133 shares in the last quarter. FSA Wealth Management LLC purchased a new position in shares of Target during the third quarter valued at approximately $36,000. Catalyst Capital Advisors LLC bought a new stake in shares of Target in the 3rd quarter worth approximately $38,000. Finally, Reston Wealth Management LLC bought a new stake in shares of Target in the 3rd quarter worth approximately $41,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TGT has been the subject of a number of recent research reports. Roth Mkm lowered their price objective on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Melius Research began coverage on Target in a research report on Monday, September 23rd. They issued a “buy” rating and a $180.00 price target for the company. Daiwa America cut shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. reduced their price objective on shares of Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Finally, Evercore ISI dropped their target price on shares of Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $160.57.

Read Our Latest Research Report on Target

Target Stock Performance

TGT traded up $3.69 during midday trading on Friday, reaching $141.91. The company had a trading volume of 3,809,265 shares, compared to its average volume of 4,302,867. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The company has a market cap of $65.02 billion, a P/E ratio of 15.05, a P/E/G ratio of 2.23 and a beta of 1.16. The business has a 50-day moving average of $137.77 and a two-hundred day moving average of $145.60.

Target (NYSE:TGT – Get Free Report) last released 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 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%. Target’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.10 EPS. As a group, equities research analysts predict that Target Co. will post 8.6 earnings per share for the current fiscal year.

Target Company Profile

(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.

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