Oak Asset Management LLC Has $3.36 Million Stock Position in Target Co. (NYSE:TGT)

Oak Asset Management LLC lifted its stake in shares of Target Co. (NYSE:TGT) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,883 shares of the retailer’s stock after purchasing an additional 982 shares during the quarter. Target comprises 1.2% of Oak Asset Management LLC’s investment portfolio, making the stock its 23rd biggest holding. Oak Asset Management LLC’s holdings in Target were worth $3,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in TGT. Legacy Investment Solutions LLC purchased a new position in shares of Target in the 3rd quarter worth approximately $28,000. Wolff Wiese Magana LLC boosted its holdings in Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after buying an additional 133 shares during the period. FSA Wealth Management LLC bought a new stake in shares of Target during the 3rd quarter valued at $36,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Target in the third quarter worth about $38,000. Finally, Reston Wealth Management LLC bought a new position in Target in the 3rd quarter valued at $41,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Down 1.9 %

Shares of NYSE:TGT opened at $138.89 on Tuesday. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The firm’s 50-day simple moving average is $137.36 and its 200-day simple moving average is $145.47. The company has a market cap of $63.64 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 2.21 and a beta of 1.16. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

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

Analyst Ratings Changes

TGT has been the topic of several research reports. Piper Sandler lowered their price objective on shares of Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Bank of America lowered their price target on shares of Target from $195.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Oppenheimer restated an “outperform” rating and set a $165.00 target price on shares of Target in a report on Monday, November 25th. Roth Mkm reduced their target price on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Target from $167.00 to $139.00 and set a “neutral” rating on the stock 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $160.57.

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.