Vigilare Wealth Management Sells 820 Shares of Target Co. (NYSE:TGT)

Vigilare Wealth Management lessened its stake in shares of Target Co. (NYSE:TGT) by 30.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,837 shares of the retailer’s stock after selling 820 shares during the period. Vigilare Wealth Management’s holdings in Target were worth $248,000 as of its most recent SEC filing.

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

Target Stock Down 1.9 %

NYSE TGT traded down $2.73 during midday trading on Monday, hitting $138.89. 3,225,179 shares of the company traded hands, compared to its average volume of 4,406,119. The company has a market cap of $63.64 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 2.21 and a beta of 1.17. 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 Co. has a 52 week low of $120.21 and a 52 week high of $181.86. The company’s 50-day simple moving average is $137.58 and its 200-day simple moving average is $145.53.

Target (NYSE:TGT) last posted its 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 company had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Target’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the firm earned $2.10 EPS. As a group, equities research analysts forecast that Target Co. will post 8.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TGT has been the subject of several recent analyst reports. BMO Capital Markets dropped their price target on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research note on Thursday, November 21st. StockNews.com cut shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Piper Sandler reduced their target price on Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Citigroup lowered Target from a “buy” rating to a “neutral” rating and dropped their price target for the company from $188.00 to $130.00 in a research note on Wednesday, November 20th. Finally, Guggenheim reduced their price objective on Target from $180.00 to $145.00 and set a “buy” rating on the stock 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 issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $160.57.

Target Company 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.