Hummer Financial Advisory Services Inc Has $261,000 Stock Position in Target Co. (NYSE:TGT)

Hummer Financial Advisory Services Inc lifted its position in shares of Target Co. (NYSE:TGT) by 5.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,930 shares of the retailer’s stock after acquiring an additional 100 shares during the quarter. Hummer Financial Advisory Services Inc’s holdings in Target were worth $261,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TGT. Legacy Investment Solutions LLC bought a new stake in shares of Target during the 3rd quarter valued at $28,000. Wolff Wiese Magana LLC boosted its position 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 during the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Target during the third quarter worth $36,000. Catalyst Capital Advisors LLC bought a new stake in Target in the third quarter valued at about $38,000. Finally, First Financial Corp IN lifted its stake in Target by 330.8% in the fourth quarter. First Financial Corp IN now owns 280 shares of the retailer’s stock valued at $38,000 after buying an additional 215 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Down 1.9 %

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

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TGT. Stifel Nicolaus upped their price target on Target from $137.00 to $145.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Melius Research initiated coverage on shares of Target in a report on Monday, September 23rd. They issued a “buy” rating and a $180.00 target price on the stock. TD Cowen reduced their target price on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Telsey Advisory Group restated an “outperform” rating and issued a $195.00 price target on shares of Target in a report on Wednesday, November 20th. Finally, BMO Capital Markets dropped their price target on Target from $160.00 to $120.00 and set a “market perform” 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 issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.