Jacobs & Co. CA Reduces Holdings in Target Co. (NYSE:TGT)

Jacobs & Co. CA reduced its holdings in shares of Target Co. (NYSE:TGT) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,763 shares of the retailer’s stock after selling 375 shares during the quarter. Jacobs & Co. CA’s holdings in Target were worth $2,806,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of TGT. Thrivent Financial for Lutherans boosted its position in shares of Target by 1.8% in the third quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock worth $4,368,000 after acquiring an additional 490 shares during the last quarter. D.A. Davidson & CO. boosted its stake in Target by 8.6% during the 3rd quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock valued at $18,619,000 after acquiring an additional 9,510 shares during the last quarter. Prana Capital Management LP boosted its stake in Target by 47.5% during the 3rd quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock valued at $33,834,000 after acquiring an additional 69,885 shares during the last quarter. Transamerica Financial Advisors Inc. bought a new position in Target during the 3rd quarter valued at $967,000. Finally, Geode Capital Management LLC boosted its stake in Target by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock valued at $1,461,456,000 after acquiring an additional 130,691 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on TGT shares. StockNews.com cut shares of Target from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. Daiwa America cut shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Stifel Nicolaus raised their price objective on shares of Target from $137.00 to $145.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. TD Cowen reduced their price objective 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. Finally, Melius Research began coverage on shares of Target in a report on Monday, September 23rd. They issued a “buy” rating and a $180.00 target price for the company. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, Target has a consensus rating of “Hold” and an average target price of $160.57.

Target Trading Up 2.6 %

Shares of TGT stock traded up $3.57 on Friday, reaching $141.79. The company had a trading volume of 3,758,292 shares, compared to its average volume of 4,302,867. 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 company has a 50-day moving average of $137.77 and a 200-day moving average of $145.60. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The stock has a market cap of $64.97 billion, a PE ratio of 15.04, a PEG ratio of 2.23 and a beta of 1.16.

Target (NYSE:TGT) last released 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 return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. During the same period last year, the company earned $2.10 EPS. The company’s revenue was up .9% compared to the same quarter last year. On average, equities analysts forecast that Target Co. will post 8.6 earnings per share 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.