International Assets Investment Management LLC Sells 1,977,444 Shares of Target Co. (NYSE:TGT)

International Assets Investment Management LLC lowered its stake in shares of Target Co. (NYSE:TGT) by 98.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,947 shares of the retailer’s stock after selling 1,977,444 shares during the quarter. International Assets Investment Management LLC’s holdings in Target were worth $3,237,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. State Street Corp grew its stake in shares of Target by 8.3% in the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after purchasing an additional 2,732,801 shares during the period. FMR LLC increased its position in Target by 11.7% in the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after purchasing an additional 1,046,044 shares during the period. Geode Capital Management LLC lifted its position in Target by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock valued at $1,461,456,000 after purchasing an additional 130,691 shares during the period. Legal & General Group Plc boosted its stake in shares of Target by 6.8% in the 2nd quarter. Legal & General Group Plc now owns 4,374,851 shares of the retailer’s stock valued at $647,652,000 after purchasing an additional 279,656 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Target by 1.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,321,055 shares of the retailer’s stock worth $517,620,000 after buying an additional 62,916 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Target Price Performance

TGT stock traded down $1.16 during mid-day trading on Wednesday, hitting $138.09. 694,150 shares of the stock were exchanged, compared to its average volume of 3,573,720. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The stock has a market capitalization of $63.27 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 2.23 and a beta of 1.16. The business has a fifty day moving average price of $138.21 and a 200 day moving average price of $145.71. 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 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). The company had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.10 EPS. On average, sell-side analysts anticipate that Target Co. will post 8.6 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on TGT shares. Daiwa Capital Markets lowered Target from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $170.00 to $130.00 in a research report on Tuesday, November 26th. Stifel Nicolaus lifted their target price on Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Roth Mkm dropped their price target on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lowered Target from a “buy” rating to a “hold” rating and reduced their price objective for the company from $184.00 to $108.00 in a research note on Wednesday, November 20th. Finally, Guggenheim decreased their price target on Target from $180.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average 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.