Rise Advisors LLC Sells 120 Shares of Target Co. (NYSE:TGT)

Rise Advisors LLC reduced its holdings in shares of Target Co. (NYSE:TGT) by 9.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,112 shares of the retailer’s stock after selling 120 shares during the period. Rise Advisors LLC’s holdings in Target were worth $150,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Legacy Investment Solutions LLC acquired a new stake in Target in the 3rd quarter valued at $28,000. Wolff Wiese Magana LLC grew its holdings in shares of 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 acquiring an additional 133 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Target in the third quarter valued at about $36,000. Catalyst Capital Advisors LLC bought a new stake in shares of Target during the 3rd quarter worth approximately $38,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of Target in the 3rd quarter valued at approximately $41,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Down 0.4 %

Shares of Target stock traded down $0.52 during trading hours on Tuesday, reaching $138.77. The company’s stock had a trading volume of 1,746,871 shares, compared to its average volume of 3,754,215. The company has a market capitalization of $63.59 billion, a P/E ratio of 14.72, a P/E/G ratio of 2.23 and a beta of 1.16. The stock’s fifty day simple moving average is $138.38 and its two-hundred day simple moving average is $145.76. Target Co. has a one year low of $120.21 and a one year high of $181.86. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94.

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 the consensus estimate of $2.30 by ($0.45). The firm had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.10 earnings per share. On average, research analysts forecast that Target Co. will post 8.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Evercore ISI dropped their price target on shares of Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research report on Thursday, November 21st. BMO Capital Markets dropped their target price on shares of Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a report on Thursday, November 21st. Daiwa America cut Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Sanford C. Bernstein began coverage on Target in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $168.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft downgraded Target from a “buy” rating to a “hold” rating and reduced their target price for the stock from $184.00 to $108.00 in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Target currently has an average rating of “Hold” and an average target price 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.