Target (NYSE:TGT) Stock Price Down 0.1% – What’s Next?

Shares of Target Co. (NYSE:TGT) fell 0.1% during trading on Friday . The stock traded as low as $129.35 and last traded at $130.30. 1,663,344 shares were traded during trading, a decline of 63% from the average session volume of 4,549,193 shares. The stock had previously closed at $130.43.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Hsbc Global Res cut shares of Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. HSBC cut Target from a “buy” rating to a “hold” rating and set a $138.00 price objective on the stock. in a research report on Wednesday, November 20th. StockNews.com lowered Target from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. Wells Fargo & Company lowered their price target on Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. 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 investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Target presently has a consensus rating of “Hold” and a consensus target price of $160.57.

Target Stock Up 0.8 %

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 50 day simple moving average of $142.44 and a two-hundred day simple moving average of $146.51. The firm has a market capitalization of $60.25 billion, a P/E ratio of 13.94, a P/E/G ratio of 2.23 and a beta of 1.17.

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

Insider Transactions at Target

In other news, insider Richard H. Gomez sold 6,348 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $157.17, for a total transaction of $997,715.16. Following the completion of the transaction, the insider now directly owns 123,551 shares in the company, valued at approximately $19,418,510.67. This represents a 4.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.15% of the company’s stock.

Institutional Investors Weigh In On Target

A number of hedge funds have recently bought and sold shares of TGT. AMG National Trust Bank lifted its holdings in shares of Target by 44.6% in the 2nd quarter. AMG National Trust Bank now owns 3,547 shares of the retailer’s stock valued at $525,000 after acquiring an additional 1,094 shares during the last quarter. SlateStone Wealth LLC lifted its stake in shares of Target by 5.5% in the 2nd quarter. SlateStone Wealth LLC now owns 11,246 shares of the retailer’s stock valued at $1,665,000 after purchasing an additional 590 shares during the last quarter. Atlantic Edge Private Wealth Management LLC lifted its stake in shares of Target by 1.2% in the 2nd quarter. Atlantic Edge Private Wealth Management LLC now owns 14,116 shares of the retailer’s stock valued at $2,090,000 after purchasing an additional 172 shares during the last quarter. Wealth Advisory Solutions LLC boosted its holdings in shares of Target by 5.4% in the 2nd quarter. Wealth Advisory Solutions LLC now owns 26,728 shares of the retailer’s stock worth $3,957,000 after purchasing an additional 1,373 shares during the period. Finally, Atomi Financial Group Inc. increased its position in shares of Target by 37.7% during the 2nd quarter. Atomi Financial Group Inc. now owns 2,533 shares of the retailer’s stock valued at $375,000 after purchasing an additional 693 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

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.