Watts Gwilliam & Co. LLC Sells 104 Shares of Target Co. (NYSE:TGT)

Watts Gwilliam & Co. LLC decreased its holdings in shares of Target Co. (NYSE:TGT) by 3.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,992 shares of the retailer’s stock after selling 104 shares during the period. Watts Gwilliam & Co. LLC’s holdings in Target were worth $417,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in Target in the third quarter valued at about $28,000. Wolff Wiese Magana LLC grew its position in shares of Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after buying an additional 133 shares during the period. FSA Wealth Management LLC bought a new stake in shares of Target in the 3rd quarter valued at about $36,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Target in the 3rd quarter valued at approximately $38,000. Finally, Reston Wealth Management LLC bought a new position in Target during the 3rd quarter worth approximately $41,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the subject of several recent analyst reports. Guggenheim lowered their target price on shares of Target from $180.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Evercore ISI lowered their price objective on shares of Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research report on Thursday, November 21st. BMO Capital Markets reduced their target price on Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a report on Thursday, November 21st. JPMorgan Chase & Co. lowered their price target on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Finally, Daiwa America cut Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. One equities 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, the stock has a consensus rating of “Hold” and a consensus price target of $160.57.

Target Stock Performance

NYSE TGT opened at $138.14 on Friday. The firm has a market capitalization of $63.30 billion, a P/E ratio of 14.65, a price-to-earnings-growth 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. The firm’s fifty day moving average price is $137.77 and its two-hundred day moving average price is $145.60. 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 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 firm had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same period in the previous year, the company posted $2.10 earnings per share. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, research analysts anticipate that Target Co. will post 8.6 EPS for the current year.

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.