Courier Capital LLC Reduces Stock Position in Target Co. (NYSE:TGT)

Courier Capital LLC decreased its stake in shares of Target Co. (NYSE:TGT) by 38.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,080 shares of the retailer’s stock after selling 3,747 shares during the quarter. Courier Capital LLC’s holdings in Target were worth $822,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Miracle Mile Advisors LLC raised its holdings in shares of Target by 112.1% during the 4th quarter. Miracle Mile Advisors LLC now owns 3,387 shares of the retailer’s stock worth $458,000 after acquiring an additional 1,790 shares during the period. Sunflower Bank N.A. increased its position in Target by 3.4% during the fourth quarter. Sunflower Bank N.A. now owns 4,364 shares of the retailer’s stock worth $590,000 after purchasing an additional 142 shares during the last quarter. Eastern Bank raised its stake in Target by 28.8% during the fourth quarter. Eastern Bank now owns 2,965 shares of the retailer’s stock worth $401,000 after purchasing an additional 663 shares during the period. Fragasso Financial Advisors Inc boosted its holdings in Target by 19.7% in the 4th quarter. Fragasso Financial Advisors Inc now owns 19,653 shares of the retailer’s stock valued at $2,657,000 after purchasing an additional 3,232 shares during the last quarter. Finally, CHICAGO TRUST Co NA grew its stake in shares of Target by 20.8% in the 4th quarter. CHICAGO TRUST Co NA now owns 6,278 shares of the retailer’s stock valued at $849,000 after buying an additional 1,083 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. StockNews.com lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. Sanford C. Bernstein initiated coverage on Target in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $168.00 target price on the stock. HSBC cut Target from a “buy” rating to a “hold” rating and set a $138.00 price target for the company. in a report on Wednesday, November 20th. Oppenheimer restated an “outperform” rating and issued a $165.00 price objective on shares of Target in a report on Monday, November 25th. Finally, Daiwa America cut shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $160.57.

Target Price Performance

Target stock opened at $138.89 on Tuesday. The stock has a market cap 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. The company has a fifty day simple moving average of $137.36 and a 200-day simple moving average of $145.47. 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 12-month low of $120.21 and a 12-month high of $181.86.

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 analysts’ consensus estimates of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. During the same period last year, the firm earned $2.10 earnings per share. The firm’s quarterly revenue was up .9% on a year-over-year basis. Equities analysts expect that Target Co. will post 8.6 EPS for the current fiscal year.

Target 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.