Global Trust Asset Management LLC boosted its holdings in shares of Target Co. (NYSE:TGT) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,691 shares of the retailer’s stock after purchasing an additional 86 shares during the period. Global Trust Asset Management LLC’s holdings in Target were worth $299,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. MML Investors Services LLC raised its position in shares of Target by 7.1% during the third quarter. MML Investors Services LLC now owns 41,273 shares of the retailer’s stock worth $6,497,000 after purchasing an additional 2,729 shares during the period. National Asset Management Inc. raised its holdings in Target by 11.4% during the 3rd quarter. National Asset Management Inc. now owns 20,355 shares of the retailer’s stock worth $3,205,000 after buying an additional 2,085 shares during the period. Wimmer Associates 1 LLC raised its holdings in Target by 28.0% during the 3rd quarter. Wimmer Associates 1 LLC now owns 8,086 shares of the retailer’s stock worth $1,273,000 after buying an additional 1,770 shares during the period. Perennial Investment Advisors LLC purchased a new stake in Target during the third quarter valued at about $238,000. Finally, BFT Financial Group LLC acquired a new position in shares of Target in the third quarter worth about $252,000. Hedge funds and other institutional investors own 80.87% of the company’s stock.
TGT has been the subject of a number of recent analyst reports. BidaskClub lowered shares of Target from a “buy” rating to a “hold” rating in a research note on Thursday, December 31st. Tigress Financial reiterated a “buy” rating on shares of Target in a report on Wednesday, September 23rd. Telsey Advisory Group reissued an “outperform” rating and set a $175.00 price target on shares of Target in a research report on Wednesday, November 18th. Morgan Stanley raised their price objective on Target from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 19th. Finally, ValuEngine downgraded Target from a “hold” rating to a “sell” rating in a report on Tuesday, December 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and three have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $149.77.
NYSE TGT opened at $196.82 on Thursday. Target Co. has a fifty-two week low of $90.17 and a fifty-two week high of $199.96. The stock’s 50-day moving average is $177.95 and its two-hundred day moving average is $153.66. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.11 and a quick ratio of 0.55. The firm has a market cap of $98.56 billion, a P/E ratio of 28.40, a price-to-earnings-growth ratio of 3.16 and a beta of 0.85.
Target (NYSE:TGT) last issued its quarterly earnings data on Tuesday, November 17th. The retailer reported $2.79 EPS for the quarter, beating the Zacks’ consensus estimate of $1.60 by $1.19. Target had a return on equity of 30.25% and a net margin of 4.16%. The business had revenue of $22.63 billion for the quarter, compared to analyst estimates of $20.91 billion. During the same quarter in the prior year, the firm posted $1.36 EPS. On average, equities analysts expect that Target Co. will post 7.18 EPS for the current year.
Target Company Profile
Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home dÃ©cor products, electronics, toys, seasonal offerings, and other merchandise; beauty and household essentials; The company also provides in-store amenities, such as Target CafÃ©, Target Optical, Starbucks, and other food service offerings.
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