Leibman Financial Services Inc. Takes $2.27 Million Position in Target Co. (NYSE:TGT)

Leibman Financial Services Inc. acquired a new position in shares of Target Co. (NYSE:TGT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 16,804 shares of the retailer’s stock, valued at approximately $2,272,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp raised its position in shares of Target by 8.3% during the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after purchasing an additional 2,732,801 shares during the period. FMR LLC boosted its holdings in shares of Target by 11.7% in the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after buying an additional 1,046,044 shares during the period. Geode Capital Management LLC raised its holdings in shares of Target by 1.4% during the third quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock worth $1,461,456,000 after acquiring an additional 130,691 shares during the period. Legal & General Group Plc lifted its position in 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 acquiring an additional 279,656 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Target by 1.9% in 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 purchasing an additional 62,916 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Target Stock Performance

NYSE TGT opened at $138.89 on Tuesday. The firm has a 50-day moving average price of $137.36 and a two-hundred day moving average price of $145.47. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86. The company has a market capitalization of $63.64 billion, a P/E ratio of 14.73, a P/E/G ratio of 2.21 and a beta of 1.16. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. During the same quarter in the previous year, the firm posted $2.10 earnings per share. The firm’s quarterly revenue was up .9% on a year-over-year basis. Analysts anticipate that Target Co. will post 8.6 earnings per share for the current year.

Analyst Ratings Changes

TGT has been the subject of several recent research reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $195.00 price objective on shares of Target in a research report on Wednesday, November 20th. Hsbc Global Res cut shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. cut their price objective on shares of Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Guggenheim decreased their target price on shares of Target from $180.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft cut shares of Target from a “buy” rating to a “hold” rating and cut their price target for the stock from $184.00 to $108.00 in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Target currently has an average rating of “Hold” and an average price target of $160.57.

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.