HBW Advisory Services LLC Grows Position in Target Co. (NYSE:TGT)

HBW Advisory Services LLC raised its holdings in Target Co. (NYSE:TGT) by 8.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,031 shares of the retailer’s stock after purchasing an additional 1,282 shares during the period. HBW Advisory Services LLC’s holdings in Target were worth $2,302,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Legacy Investment Solutions LLC bought a new stake in shares of Target during the third quarter valued at about $28,000. Wolff Wiese Magana LLC grew its stake 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 acquiring an additional 133 shares in the last quarter. FSA Wealth Management LLC bought a new stake in Target during the 3rd quarter worth approximately $36,000. Catalyst Capital Advisors LLC bought a new stake in Target during the 3rd quarter worth approximately $38,000. Finally, Reston Wealth Management LLC purchased a new stake in Target in the 3rd quarter worth approximately $41,000. Institutional investors own 79.73% of the company’s stock.

Target Trading Up 2.7 %

NYSE TGT traded up $3.69 on Friday, hitting $141.91. The company’s stock had a trading volume of 3,809,265 shares, compared to its average volume of 4,302,867. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86. The firm has a market cap of $65.02 billion, a P/E ratio of 15.05, a PEG ratio of 2.23 and a beta of 1.16. The company’s 50-day simple moving average is $137.77 and its 200 day simple moving average is $145.60.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share 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 company had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter last year, the firm earned $2.10 EPS. The business’s revenue was up .9% on a year-over-year basis. Research analysts predict that Target Co. will post 8.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TGT shares. Deutsche Bank Aktiengesellschaft cut shares of Target from a “buy” rating to a “hold” rating and decreased their price target for the stock from $184.00 to $108.00 in a report on Wednesday, November 20th. 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 note 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. Roth Mkm decreased their price objective on shares of Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Finally, Daiwa America lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $160.57.

About Target

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.