Target Co. (NYSE:TGT) Shares Sold by Bruce G. Allen Investments LLC

Bruce G. Allen Investments LLC decreased its holdings in shares of Target Co. (NYSE:TGT) by 52.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 404 shares of the retailer’s stock after selling 449 shares during the period. Bruce G. Allen Investments LLC’s holdings in Target were worth $55,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TGT. HBW Advisory Services LLC grew its holdings in Target by 8.1% during the fourth quarter. HBW Advisory Services LLC now owns 17,031 shares of the retailer’s stock worth $2,302,000 after acquiring an additional 1,282 shares during the period. LVM Capital Management Ltd. MI purchased a new position in shares of Target in the 4th quarter valued at about $595,000. ST Germain D J Co. Inc. increased its holdings in shares of Target by 13.2% in the 4th quarter. ST Germain D J Co. Inc. now owns 6,749 shares of the retailer’s stock valued at $912,000 after purchasing an additional 785 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Target by 0.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 156,548 shares of the retailer’s stock worth $21,162,000 after buying an additional 818 shares in the last quarter. Finally, InvesTrust acquired a new position in Target during the fourth quarter worth about $6,137,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on TGT. JPMorgan Chase & Co. lowered their price target on Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Stifel Nicolaus lifted their price target on Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Bank of America dropped their target price on shares of Target from $195.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Daiwa America downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, Melius Research began coverage on Target in a research report on Monday, September 23rd. They set a “buy” rating and a $180.00 price objective for the company. One investment 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. Based on data from MarketBeat, Target currently has an average rating of “Hold” and a consensus target price of $160.57.

Target Stock Up 2.5 %

Shares of Target stock traded up $3.39 during trading on Friday, reaching $141.61. The company had a trading volume of 4,454,624 shares, compared to its average volume of 4,368,185. The company has a market cap of $64.89 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 2.23 and a beta of 1.16. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The firm’s fifty day moving average is $137.77 and its 200-day moving average is $145.60. 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 issued its quarterly 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 firm had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Target’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.10 earnings per share. On average, analysts anticipate that Target Co. will post 8.6 EPS for the current year.

About Target

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.