Target Co. (NYSE:TGT) Shares Sold by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH lessened its holdings in Target Co. (NYSE:TGT) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,196 shares of the retailer’s stock after selling 201 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Target were worth $702,000 at the end of the most recent quarter.

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

Target Price Performance

NYSE TGT opened at $138.89 on Tuesday. The stock’s 50-day moving average price is $137.36 and its two-hundred day moving average price is $145.47. 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 company has a market cap of $63.64 billion, a PE ratio of 14.73, a PEG ratio of 2.21 and a beta of 1.16. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86.

Target (NYSE:TGT) last posted its quarterly earnings data 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 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 analyst estimates of $25.87 billion. During the same quarter in the previous year, the firm posted $2.10 EPS. Target’s quarterly revenue was up .9% on a year-over-year basis. On average, analysts predict that Target Co. will post 8.6 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TGT. Stifel Nicolaus boosted their price target on shares of Target from $137.00 to $145.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. BMO Capital Markets reduced their price target on shares of Target from $160.00 to $120.00 and set a “market perform” rating for the company in a report on Thursday, November 21st. Bank of America reduced 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. Telsey Advisory Group reissued an “outperform” rating and set a $195.00 price target on shares of Target in a report on Wednesday, November 20th. Finally, Daiwa America downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target 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.