InvesTrust Makes New $6.14 Million Investment in Target Co. (NYSE:TGT)

InvesTrust acquired a new stake in Target Co. (NYSE:TGT) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 45,413 shares of the retailer’s stock, valued at approximately $6,137,000. Target makes up approximately 1.7% of InvesTrust’s holdings, making the stock its 28th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TGT. Bangor Savings Bank raised its position in Target by 715.4% in the fourth quarter. Bangor Savings Bank now owns 7,241 shares of the retailer’s stock worth $979,000 after purchasing an additional 6,353 shares in the last quarter. Silverleafe Capital Partners LLC bought a new stake in shares of Target in the 4th quarter valued at approximately $306,000. CWA Asset Management Group LLC raised its holdings in shares of Target by 23.9% in the 4th quarter. CWA Asset Management Group LLC now owns 9,196 shares of the retailer’s stock worth $1,243,000 after buying an additional 1,773 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Target by 32.2% in the 4th quarter. Nordea Investment Management AB now owns 1,187,295 shares of the retailer’s stock worth $161,247,000 after buying an additional 289,081 shares in the last quarter. Finally, DGS Capital Management LLC lifted its position in shares of Target by 38.7% during the 3rd quarter. DGS Capital Management LLC now owns 2,193 shares of the retailer’s stock worth $342,000 after buying an additional 612 shares during the period. 79.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TGT has been the topic of several recent analyst reports. Citigroup downgraded shares of Target from a “buy” rating to a “neutral” rating and reduced their target price for the company from $188.00 to $130.00 in a research note on Wednesday, November 20th. TD Cowen dropped their price target on Target from $165.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, November 21st. BMO Capital Markets reduced their price objective on Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research note on Thursday, November 21st. Piper Sandler lowered their target price on Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Finally, StockNews.com downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Target presently has an average rating of “Hold” and a consensus target price of $160.57.

Target Trading Down 0.8 %

Shares of Target stock traded down $1.07 during trading hours on Wednesday, hitting $138.18. The company’s stock had a trading volume of 2,532,062 shares, compared to its average volume of 3,976,534. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The company has a market capitalization of $63.32 billion, a PE ratio of 14.65, a price-to-earnings-growth ratio of 2.23 and a beta of 1.16. The stock has a 50 day moving average of $138.21 and a 200 day moving average of $145.71.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate 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 period in the prior year, the firm posted $2.10 earnings per share. The company’s revenue was up .9% compared to the same quarter last year. Analysts predict that Target Co. will post 8.6 earnings per share 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.