Peddock Capital Advisors LLC Has $2.35 Million Stake in Target Co. (NYSE:TGT)

Peddock Capital Advisors LLC lessened its stake in shares of Target Co. (NYSE:TGT) by 4.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,373 shares of the retailer’s stock after selling 815 shares during the period. Peddock Capital Advisors LLC’s holdings in Target were worth $2,348,000 at the end of the most recent reporting period.

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

Target Price Performance

Shares of NYSE TGT traded down $2.73 during mid-day trading on Monday, reaching $138.89. 4,059,247 shares of the company were exchanged, compared to its average volume of 4,581,125. The company’s 50 day moving average price is $137.58 and its 200 day moving average price is $145.53. Target Co. has a 52 week low of $120.21 and a 52 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. The stock has a market capitalization of $63.64 billion, a PE ratio of 14.73, a PEG ratio of 2.21 and a beta of 1.17.

Target (NYSE:TGT) last announced its quarterly earnings data 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). The firm had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the business posted $2.10 earnings per share. Sell-side analysts forecast that Target Co. will post 8.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TGT shares. TD Cowen lowered their target price on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Bank of America decreased their price objective on shares of Target from $195.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Wells Fargo & Company cut their price objective on Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Hsbc Global Res downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Roth Mkm lowered their price objective on shares of Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. One 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. Based on data from MarketBeat.com, Target has a consensus rating of “Hold” and a consensus price target of $160.57.

About Target

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.