Target Co. (NYSE:TGT) Position Trimmed by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH lessened its holdings in shares of Target Co. (NYSE:TGT) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,196 shares of the retailer’s stock after selling 201 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Target were worth $702,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cynosure Group LLC grew its stake in shares of Target by 4.3% in the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock valued at $248,000 after buying an additional 65 shares in the last quarter. Financial Advocates Investment Management grew its stake in shares of Target by 1.2% in the 3rd quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock valued at $894,000 after buying an additional 67 shares in the last quarter. Hancock Whitney Corp grew its stake in shares of Target by 3.3% in the 3rd quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock valued at $336,000 after buying an additional 68 shares in the last quarter. Trust Co. of Vermont grew its stake in shares of Target by 0.4% in the 3rd quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer’s stock valued at $2,444,000 after buying an additional 69 shares in the last quarter. Finally, Eagle Bluffs Wealth Management LLC grew its stake in shares of Target by 1.1% in the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock valued at $1,063,000 after buying an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Daiwa Capital Markets cut Target from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $170.00 to $130.00 in a research note on Tuesday, November 26th. Guggenheim decreased their target price on Target from $180.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. HSBC cut Target from a “buy” rating to a “hold” rating and set a $138.00 target price for the company. in a research report on Wednesday, November 20th. Oppenheimer reaffirmed an “outperform” rating and set a $165.00 target price on shares of Target in a research report on Monday, November 25th. Finally, Wells Fargo & Company decreased their target price on Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $160.57.

Target Stock Performance

Shares of NYSE:TGT opened at $138.89 on Tuesday. The business’s fifty day moving average price is $137.36 and its two-hundred day moving average price is $145.47. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The stock has a market capitalization of $63.64 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 2.21 and a beta of 1.16. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

Target (NYSE:TGT) last announced 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). 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 company earned $2.10 earnings per share. The business’s revenue was up .9% on a year-over-year basis. As a group, analysts predict that Target Co. will post 8.6 EPS for the current fiscal 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.