Graypoint LLC Lowers Stake in Target Co. (NYSE:TGT)

Graypoint LLC cut its stake in Target Co. (NYSE:TGT) by 17.0% in the 4th quarter, Holdings Channel reports. The fund owned 3,200 shares of the retailer’s stock after selling 655 shares during the quarter. Graypoint LLC’s holdings in Target were worth $433,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TGT. State Street Corp boosted its holdings in shares of Target by 8.3% in the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after purchasing an additional 2,732,801 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Target by 9,940.6% in the third quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock worth $311,937,000 after buying an additional 1,981,458 shares in the last quarter. Two Sigma Advisers LP grew its position in Target by 173.2% during the third quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock valued at $369,295,000 after acquiring an additional 1,502,200 shares during the last quarter. FMR LLC raised its stake in shares of Target by 11.7% during the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after acquiring an additional 1,046,044 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Target by 711.2% in the 2nd quarter. AQR Capital Management LLC now owns 876,531 shares of the retailer’s stock valued at $129,762,000 after purchasing an additional 768,479 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TGT. Telsey Advisory Group reiterated an “outperform” rating and issued a $195.00 target price on shares of Target in a research report on Wednesday, November 20th. Hsbc Global Res downgraded Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. TD Cowen dropped their target price on Target from $165.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, November 21st. Roth Mkm decreased their price target on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. Finally, Oppenheimer reissued an “outperform” rating and set a $165.00 price objective on shares of Target in a research note on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $160.57.

Target Stock Up 2.6 %

NYSE:TGT opened at $141.78 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The firm has a market cap of $64.97 billion, a P/E ratio of 15.03, a P/E/G ratio of 2.21 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. The firm has a 50-day simple moving average of $137.58 and a two-hundred day simple moving average of $145.54.

Target (NYSE:TGT) last announced its quarterly earnings data 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). Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. During the same quarter in the previous year, the firm earned $2.10 earnings per share. Target’s revenue was up .9% on a year-over-year basis. Analysts predict that Target Co. will post 8.6 earnings per share for the current fiscal year.

Target 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.