Target Co. (NYSE:TGT) Shares Purchased by PSI Advisors LLC

PSI Advisors LLC boosted its stake in shares of Target Co. (NYSE:TGT) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,352 shares of the retailer’s stock after buying an additional 88 shares during the quarter. PSI Advisors LLC’s holdings in Target were worth $859,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of TGT. First Financial Corp IN raised its position in Target by 330.8% in the fourth quarter. First Financial Corp IN now owns 280 shares of the retailer’s stock valued at $38,000 after purchasing an additional 215 shares during the period. Miracle Mile Advisors LLC grew its stake in shares of Target by 112.1% in the fourth quarter. Miracle Mile Advisors LLC now owns 3,387 shares of the retailer’s stock valued at $458,000 after buying an additional 1,790 shares in the last quarter. Sunflower Bank N.A. raised its holdings in shares of Target by 3.4% in the 4th quarter. Sunflower Bank N.A. now owns 4,364 shares of the retailer’s stock valued at $590,000 after buying an additional 142 shares during the period. Eastern Bank lifted its stake in Target by 28.8% during the 4th quarter. Eastern Bank now owns 2,965 shares of the retailer’s stock worth $401,000 after acquiring an additional 663 shares in the last quarter. Finally, Fragasso Financial Advisors Inc boosted its holdings in Target by 19.7% during the 4th quarter. Fragasso Financial Advisors Inc now owns 19,653 shares of the retailer’s stock valued at $2,657,000 after acquiring an additional 3,232 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Price Performance

Shares of NYSE:TGT opened at $138.89 on Tuesday. Target Co. has a one year low of $120.21 and a one year high of $181.86. The stock has a market capitalization of $63.64 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 2.21 and a beta of 1.16. The company has a 50-day simple moving average of $137.36 and a 200-day simple moving average of $145.47. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94.

Target (NYSE:TGT) last posted 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 company had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. During the same period in the previous year, the business posted $2.10 earnings per share. The firm’s revenue was up .9% compared to the same quarter last year. On average, analysts predict that Target Co. will post 8.6 EPS for the current year.

Wall Street Analyst Weigh In

TGT has been the topic of several research reports. Deutsche Bank Aktiengesellschaft cut shares of Target from a “buy” rating to a “hold” rating and reduced their price target for the stock from $184.00 to $108.00 in a research report on Wednesday, November 20th. Roth Mkm reduced their target price on shares of Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Piper Sandler dropped their price target on shares of Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Citigroup cut Target from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $188.00 to $130.00 in a research note on Wednesday, November 20th. Finally, Oppenheimer reissued an “outperform” rating and set a $165.00 target price on shares of Target in a research note on Monday, November 25th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.