Target Co. (NYSE:TGT) Stock Holdings Increased by Mayfair Advisory Group LLC

Mayfair Advisory Group LLC grew its position in shares of Target Co. (NYSE:TGT) by 7.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,529 shares of the retailer’s stock after buying an additional 109 shares during the quarter. Mayfair Advisory Group LLC’s holdings in Target were worth $207,000 as of its most recent filing with the Securities & Exchange Commission.

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

Target Stock Down 1.9 %

Shares of Target stock opened at $136.18 on Wednesday. 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 Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The stock has a 50-day moving average price of $137.06 and a 200 day moving average price of $145.39. The company has a market cap of $62.40 billion, a P/E ratio of 14.44, a P/E/G ratio of 2.21 and a beta of 1.16.

Target (NYSE:TGT) last posted 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). The company had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.10 earnings per share. As a group, analysts expect that Target Co. will post 8.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TGT. Hsbc Global Res downgraded Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. TD Cowen lowered their price target on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Evercore ISI cut their price objective on shares of Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research report on Thursday, November 21st. HSBC lowered shares of Target from a “buy” rating to a “hold” rating and set a $138.00 target price for the company. in a research note on Wednesday, November 20th. Finally, Sanford C. Bernstein initiated coverage on shares of Target in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $168.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus 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.