Bangor Savings Bank Acquires 6,353 Shares of Target Co. (NYSE:TGT)

Bangor Savings Bank raised its holdings in Target Co. (NYSE:TGT) by 715.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,241 shares of the retailer’s stock after acquiring an additional 6,353 shares during the period. Bangor Savings Bank’s holdings in Target were worth $979,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. State Street Corp increased its stake in Target by 8.3% during the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after purchasing an additional 2,732,801 shares in the last quarter. FMR LLC boosted 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 valued at $1,555,542,000 after buying an additional 1,046,044 shares during the period. Geode Capital Management LLC increased its position in shares of Target by 1.4% during the third quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock worth $1,461,456,000 after acquiring an additional 130,691 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Target by 6.8% during the second quarter. Legal & General Group Plc now owns 4,374,851 shares of the retailer’s stock worth $647,652,000 after acquiring an additional 279,656 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Target by 1.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,321,055 shares of the retailer’s stock worth $517,620,000 after acquiring an additional 62,916 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Guggenheim lowered their target price on Target from $180.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, November 21st. StockNews.com cut Target from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. HSBC lowered Target from a “buy” rating to a “hold” rating and set a $138.00 target price on the stock. in a research report on Wednesday, November 20th. Piper Sandler reduced their price target on Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $195.00 price objective on shares of Target in a report on Wednesday, November 20th. One equities research 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.com, Target presently has a consensus rating of “Hold” and a consensus target price of $160.57.

Target Stock Performance

TGT opened at $139.08 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The business has a fifty day simple moving average of $138.38 and a 200 day simple moving average of $145.76. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The company has a market capitalization of $63.73 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 2.23 and a beta of 1.16.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. During the same quarter last year, the company posted $2.10 earnings per share. The company’s revenue was up .9% on a year-over-year basis. Research analysts expect that Target Co. will post 8.6 EPS for the current 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.