Old Port Advisors Has $1.16 Million Stock Position in Target Co. (NYSE:TGT)

Old Port Advisors cut its position in Target Co. (NYSE:TGT) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,603 shares of the retailer’s stock after selling 284 shares during the period. Old Port Advisors’ holdings in Target were worth $1,163,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. TIAA Trust National Association increased its holdings in shares of Target by 0.6% in the second quarter. TIAA Trust National Association now owns 45,616 shares of the retailer’s stock valued at $6,753,000 after purchasing an additional 286 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Target by 0.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 39,705 shares of the retailer’s stock worth $5,878,000 after acquiring an additional 198 shares during the last quarter. Founders Financial Securities LLC lifted its stake in shares of Target by 4.6% during the second quarter. Founders Financial Securities LLC now owns 9,903 shares of the retailer’s stock valued at $1,466,000 after acquiring an additional 434 shares during the period. Cozad Asset Management Inc. boosted its holdings in Target by 10.8% in the second quarter. Cozad Asset Management Inc. now owns 12,278 shares of the retailer’s stock valued at $1,818,000 after acquiring an additional 1,198 shares during the last quarter. Finally, Simon Quick Advisors LLC increased its position in Target by 19.0% in the second quarter. Simon Quick Advisors LLC now owns 1,581 shares of the retailer’s stock worth $234,000 after purchasing an additional 252 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Up 1.8 %

Shares of NYSE TGT traded up $2.41 during midday trading on Thursday, reaching $137.59. The company’s stock had a trading volume of 1,419,526 shares, compared to its average volume of 4,545,802. The stock has a 50 day simple moving average of $139.15 and a 200-day simple moving average of $145.87. 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 stock has a market capitalization of $63.05 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 2.23 and a beta of 1.17. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (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 in the previous year, the firm posted $2.10 earnings per share. The firm’s quarterly revenue was up .9% on a year-over-year basis. Equities research analysts predict that Target Co. will post 8.6 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Daiwa America lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Hsbc Global Res cut shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Bank of America lowered their target price 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. StockNews.com downgraded Target from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Finally, Melius Research started coverage on Target in a research note on Monday, September 23rd. They set a “buy” rating and a $180.00 price objective for the company. 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, Target currently has a consensus rating of “Hold” and a consensus price target 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.