Peddock Capital Advisors LLC Sells 815 Shares of Target Co. (NYSE:TGT)

Peddock Capital Advisors LLC lessened its position in Target Co. (NYSE:TGT) by 4.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 17,373 shares of the retailer’s stock after selling 815 shares during the period. Peddock Capital Advisors LLC’s holdings in Target were worth $2,348,000 at the end of the most recent quarter.

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

Target Price Performance

TGT traded down $2.73 during trading on Monday, hitting $138.89. 4,059,247 shares of the company traded hands, compared to its average volume of 4,581,125. 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 P/E/G ratio of 2.21 and a beta of 1.17. The stock’s 50-day simple moving average is $137.58 and its two-hundred day simple moving average is $145.53. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86.

Target (NYSE:TGT) last issued its 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 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 the consensus estimate of $25.87 billion. During the same period last year, the firm posted $2.10 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Target Co. will post 8.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Melius Research started coverage on shares of Target in a research report on Monday, September 23rd. They issued a “buy” rating and a $180.00 target price on the stock. TD Cowen cut their target price on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Sanford C. Bernstein started coverage on Target in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $168.00 price target for the company. Guggenheim cut their price objective on shares of Target from $180.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Finally, Evercore ISI decreased their price objective on shares of Target from $165.00 to $130.00 and set an “in-line” rating for the company in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $160.57.

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.