Target Co. (NYSE:TGT) Stock Position Decreased by Canandaigua National Trust Co of Florida

Canandaigua National Trust Co of Florida lowered its holdings in Target Co. (NYSE:TGT) by 40.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,630 shares of the retailer’s stock after selling 1,817 shares during the period. Canandaigua National Trust Co of Florida’s holdings in Target were worth $356,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Legacy Investment Solutions LLC bought a new stake in Target in the third quarter valued at $28,000. Wolff Wiese Magana LLC increased its stake in shares of Target by 156.5% in the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after purchasing an additional 133 shares during the period. FSA Wealth Management LLC acquired a new position in shares of Target during the third quarter worth approximately $36,000. Catalyst Capital Advisors LLC bought a new position in Target in the 3rd quarter worth approximately $38,000. Finally, Reston Wealth Management LLC acquired a new stake in Target in the 3rd quarter valued at approximately $41,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on TGT shares. TD Cowen reduced their price target on Target from $165.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Daiwa Capital Markets lowered shares of Target from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $170.00 to $130.00 in a research report on Tuesday, November 26th. StockNews.com downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. Piper Sandler reduced their price target on shares of Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Finally, Oppenheimer restated an “outperform” rating and issued a $165.00 target price on shares of Target in a research report on Monday, November 25th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, Target currently has a consensus rating of “Hold” and an average price target of $160.57.

Target Stock Up 2.4 %

TGT stock traded up $3.29 during midday trading on Monday, reaching $139.08. The company had a trading volume of 4,903,767 shares, compared to its average volume of 4,126,281. The company has a 50 day moving average of $138.59 and a two-hundred day moving average of $145.79. The company has a market capitalization of $63.73 billion, a P/E ratio of 14.75, a PEG ratio of 2.23 and a beta of 1.16. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. 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 (NYSE:TGT) last released its quarterly earnings data 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 net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. During the same period in the previous year, the business posted $2.10 EPS. Target’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities research analysts expect that Target Co. will post 8.6 earnings per share for the current fiscal year.

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.