Target Co. (NYSE:TGT) Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC trimmed its position in shares of Target Co. (NYSE:TGT) by 17.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,306 shares of the retailer’s stock after selling 1,291 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Target were worth $852,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

TGT has been the subject of a number of recent research reports. Telsey Advisory Group reissued an “outperform” rating and issued a $195.00 target price on shares of Target in a report on Wednesday, November 20th. Guggenheim decreased their target price on Target from $180.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. StockNews.com cut Target from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Daiwa America lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, Roth Mkm cut their price target on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $160.57.

Target Stock Down 1.9 %

Shares of NYSE TGT opened at $138.89 on Tuesday. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The company’s 50 day moving average price is $137.36 and its 200-day moving average price is $145.47. The company has a market capitalization of $63.64 billion, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 2.21 and a beta of 1.16.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.45). The firm had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.10 EPS. Equities analysts forecast that Target Co. will post 8.6 earnings per share for the current year.

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.