Fiduciary Alliance LLC Takes $585,000 Position in Target Co. (NYSE:TGT)

Fiduciary Alliance LLC purchased a new stake in Target Co. (NYSE:TGT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,325 shares of the retailer’s stock, valued at approximately $585,000.

A number of other institutional investors and hedge funds also recently modified their holdings of TGT. Aprio Wealth Management LLC increased its stake in Target by 26.2% during the 4th quarter. Aprio Wealth Management LLC now owns 1,980 shares of the retailer’s stock worth $268,000 after purchasing an additional 411 shares in the last quarter. Czech National Bank increased its stake in Target by 6.0% during the 4th quarter. Czech National Bank now owns 99,895 shares of the retailer’s stock worth $13,504,000 after purchasing an additional 5,618 shares in the last quarter. HBW Advisory Services LLC increased its stake in Target by 8.1% during the 4th quarter. HBW Advisory Services LLC now owns 17,031 shares of the retailer’s stock worth $2,302,000 after purchasing an additional 1,282 shares in the last quarter. LVM Capital Management Ltd. MI bought a new stake in Target during the 4th quarter worth approximately $595,000. Finally, ST Germain D J Co. Inc. increased its stake in Target by 13.2% during the 4th quarter. ST Germain D J Co. Inc. now owns 6,749 shares of the retailer’s stock worth $912,000 after purchasing an additional 785 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Target Stock Down 1.9 %

TGT opened at $138.89 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The stock 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 1.16. The stock’s fifty day simple moving average is $137.36 and its 200 day simple moving average is $145.47. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. TD Cowen lowered their target price on Target from $165.00 to $145.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. Roth Mkm lowered their target price on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Daiwa America downgraded Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Citigroup downgraded Target from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $188.00 to $130.00 in a research report on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft downgraded Target from a “buy” rating to a “hold” rating and reduced their price target for the stock from $184.00 to $108.00 in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Target currently has an average rating of “Hold” and an average price target 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.