Regent Peak Wealth Advisors LLC Decreases Position in Target Co. (NYSE:TGT)

Regent Peak Wealth Advisors LLC lowered its position in Target Co. (NYSE:TGT) by 23.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,948 shares of the retailer’s stock after selling 592 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in Target were worth $263,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in shares of Target during the 3rd quarter valued at approximately $28,000. Wolff Wiese Magana LLC boosted its holdings in Target by 156.5% in the 3rd 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 bought a new position in Target in the 3rd quarter worth about $36,000. Catalyst Capital Advisors LLC purchased a new position in shares of Target during the third quarter worth about $38,000. Finally, Reston Wealth Management LLC bought a new position in shares of Target in the third quarter worth approximately $41,000. 79.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TGT shares. Melius Research initiated coverage on shares of Target in a research note on Monday, September 23rd. They issued a “buy” rating and a $180.00 price target for the company. Sanford C. Bernstein initiated coverage on Target in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 price target on the stock. Roth Mkm reduced their price objective on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Piper Sandler decreased their price objective on Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Finally, Citigroup lowered Target from a “buy” rating to a “neutral” rating and cut their target price for the stock from $188.00 to $130.00 in a research note on Wednesday, November 20th. 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 company. According to MarketBeat.com, Target has a consensus rating of “Hold” and a consensus target price of $160.57.

Target Stock Down 0.3 %

Shares of TGT stock traded down $0.35 during trading hours on Tuesday, reaching $138.94. 1,504,817 shares of the company’s stock were exchanged, compared to its average volume of 3,676,746. 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 company has a market cap of $63.66 billion, a price-to-earnings ratio of 14.73, a P/E/G ratio of 2.23 and a beta of 1.16. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The stock’s 50 day moving average is $138.38 and its 200-day moving average is $145.76.

Target (NYSE:TGT) last released its earnings results on Wednesday, November 20th. The retailer reported $1.85 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 company had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. During the same quarter last year, the business earned $2.10 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Analysts predict 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.