Hilltop National Bank Cuts Holdings in Target Co. (NYSE:TGT)

Hilltop National Bank lowered its position in shares of Target Co. (NYSE:TGT) by 2.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,806 shares of the retailer’s stock after selling 100 shares during the quarter. Hilltop National Bank’s holdings in Target were worth $650,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TGT. Quest Partners LLC raised its holdings in shares of Target by 879.9% during the 2nd quarter. Quest Partners LLC now owns 2,097 shares of the retailer’s stock valued at $310,000 after buying an additional 1,883 shares during the period. Daiwa Securities Group Inc. lifted its position in shares of Target by 11.0% during the second quarter. Daiwa Securities Group Inc. now owns 53,249 shares of the retailer’s stock worth $7,883,000 after purchasing an additional 5,270 shares in the last quarter. Angeles Wealth Management LLC lifted its position in shares of Target by 72.8% during the second quarter. Angeles Wealth Management LLC now owns 1,977 shares of the retailer’s stock worth $293,000 after purchasing an additional 833 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Target by 9.2% in the second quarter. LPL Financial LLC now owns 682,927 shares of the retailer’s stock valued at $101,100,000 after purchasing an additional 57,581 shares during the period. Finally, Forsta AP Fonden grew its holdings in Target by 17.9% during the 2nd quarter. Forsta AP Fonden now owns 112,800 shares of the retailer’s stock valued at $16,699,000 after purchasing an additional 17,100 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Price Performance

TGT stock traded up $3.66 during trading on Friday, hitting $141.88. The company had a trading volume of 2,083,921 shares, compared to its average volume of 4,020,462. The business has a 50 day moving average of $137.77 and a 200 day moving average of $145.60. The firm has a market capitalization of $65.01 billion, a price-to-earnings ratio of 15.05, a P/E/G ratio of 2.23 and a beta of 1.16. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target Co. has a fifty-two week low of $120.21 and a fifty-two week 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 net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter last year, the business earned $2.10 earnings per share. The company’s revenue was up .9% on a year-over-year basis. As a group, research analysts predict that Target Co. will post 8.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TGT has been the subject of a number of analyst reports. TD Cowen decreased their price objective on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Stifel Nicolaus increased their price target on Target from $137.00 to $145.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Hsbc Global Res downgraded Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft cut Target from a “buy” rating to a “hold” rating and reduced their target price for the company from $184.00 to $108.00 in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. cut their price target on shares of Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.