PSI Advisors LLC Purchases 88 Shares of Target Co. (NYSE:TGT)

PSI Advisors LLC increased its position in shares of Target Co. (NYSE:TGT) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,352 shares of the retailer’s stock after acquiring an additional 88 shares during the quarter. PSI Advisors LLC’s holdings in Target were worth $859,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Cynosure Group LLC raised its position in shares of Target by 4.3% in the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock valued at $248,000 after purchasing an additional 65 shares during the last quarter. Financial Advocates Investment Management raised its holdings in shares of Target by 1.2% in the third quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock worth $894,000 after buying an additional 67 shares during the last quarter. Hancock Whitney Corp lifted its stake in shares of Target by 3.3% during the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock worth $336,000 after buying an additional 68 shares during the period. Trust Co. of Vermont grew its holdings in shares of Target by 0.4% during the third quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer’s stock valued at $2,444,000 after buying an additional 69 shares during the last quarter. Finally, Eagle Bluffs Wealth Management LLC increased its position in shares of Target by 1.1% in the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock valued at $1,063,000 after acquiring an additional 73 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

TGT has been the subject of a number of recent research reports. Telsey Advisory Group reissued an “outperform” rating and set a $195.00 price target on shares of Target in a research report on Wednesday, November 20th. Piper Sandler reduced their target price on shares of Target from $156.00 to $130.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Daiwa Capital Markets lowered shares of Target from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $170.00 to $130.00 in a report on Tuesday, November 26th. Sanford C. Bernstein initiated coverage on Target in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 price objective for the company. Finally, Bank of America lowered their target price on Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $160.57.

Target Trading Down 1.9 %

TGT opened at $138.89 on Tuesday. The firm has a market capitalization of $63.64 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 2.21 and a beta of 1.16. The company’s 50 day simple moving average is $137.36 and its two-hundred day simple moving average is $145.47. Target Co. has a 1-year low of $120.21 and a 1-year 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.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS 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 company had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. During the same quarter in the previous year, the business posted $2.10 EPS. The business’s quarterly revenue was up .9% compared to the same quarter last year. Analysts expect that Target Co. will post 8.6 EPS 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.