Graypoint LLC Sells 655 Shares of Target Co. (NYSE:TGT)

Graypoint LLC reduced its holdings in Target Co. (NYSE:TGT) by 17.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,200 shares of the retailer’s stock after selling 655 shares during the quarter. Graypoint LLC’s holdings in Target were worth $433,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TGT. Quest Partners LLC increased its stake in Target by 879.9% in the second quarter. Quest Partners LLC now owns 2,097 shares of the retailer’s stock valued at $310,000 after purchasing an additional 1,883 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in Target by 14.2% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 45,937 shares of the retailer’s stock worth $6,801,000 after buying an additional 5,699 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in Target by 94.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 449,567 shares of the retailer’s stock worth $66,003,000 after acquiring an additional 217,947 shares in the last quarter. Meeder Advisory Services Inc. grew its stake in Target by 23.4% in the second quarter. Meeder Advisory Services Inc. now owns 11,907 shares of the retailer’s stock valued at $1,763,000 after acquiring an additional 2,257 shares during the period. Finally, Parallel Advisors LLC increased its holdings in shares of Target by 3.1% during the second quarter. Parallel Advisors LLC now owns 11,742 shares of the retailer’s stock valued at $1,738,000 after acquiring an additional 352 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Bank of America reduced their price target on shares of Target from $195.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. JPMorgan Chase & Co. lowered their target price 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. Sanford C. Bernstein started coverage on Target in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 price target for the company. Daiwa America downgraded Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, Guggenheim cut their target price on Target from $180.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $160.57.

Target Trading Up 2.6 %

Shares of Target stock opened at $141.78 on Friday. The company’s 50-day moving average price is $137.58 and its 200-day moving average price is $145.54. The company has a market cap of $64.97 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 2.21 and a beta of 1.17. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last announced its quarterly earnings results 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 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 business earned $2.10 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities analysts expect that Target Co. will post 8.6 earnings per share for the current fiscal 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.