Target Co. (NYSE:TGT) Shares Bought by Oak Asset Management LLC

Oak Asset Management LLC increased its stake in shares of Target Co. (NYSE:TGT) by 4.1% in the 4th quarter, HoldingsChannel reports. The firm owned 24,883 shares of the retailer’s stock after buying an additional 982 shares during the quarter. Target makes up 1.2% of Oak Asset Management LLC’s portfolio, making the stock its 23rd largest position. Oak Asset Management LLC’s holdings in Target were worth $3,364,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new stake in shares of Target in the third quarter valued at $28,000. Wolff Wiese Magana LLC lifted its holdings in Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after purchasing an additional 133 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Target during the 3rd quarter worth about $36,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Target during the third quarter worth about $38,000. Finally, Reston Wealth Management LLC acquired a new position in shares of Target in the third quarter valued at approximately $41,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

TGT has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft cut shares of Target from a “buy” rating to a “hold” rating and lowered their target price for the stock from $184.00 to $108.00 in a research note on Wednesday, November 20th. Citigroup lowered Target from a “buy” rating to a “neutral” rating and dropped their target price for the company from $188.00 to $130.00 in a research note on Wednesday, November 20th. Bank of America lowered their price target on Target from $195.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, November 21st. JPMorgan Chase & Co. cut their price objective 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. Finally, TD Cowen dropped their price target 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. One research analyst has rated the stock with a sell rating, seventeen have issued 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 an average target price of $160.57.

Target Stock Down 1.9 %

TGT stock opened at $138.89 on Tuesday. The stock has a market cap of $63.64 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 2.21 and a beta of 1.16. The firm’s 50-day simple moving average is $137.36 and its 200 day simple moving average is $145.47. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last issued 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 return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. During the same quarter in the prior year, the firm posted $2.10 earnings per share. The business’s quarterly revenue was up .9% on a year-over-year basis. As a group, sell-side analysts predict that Target Co. will post 8.6 EPS for the current year.

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.