Legacy Private Trust Co. Sells 294 Shares of Target Co. (NYSE:TGT)

Legacy Private Trust Co. lowered its stake in shares of Target Co. (NYSE:TGT) by 1.2% during the fourth quarter, HoldingsChannel reports. The firm owned 24,065 shares of the retailer’s stock after selling 294 shares during the quarter. Legacy Private Trust Co.’s holdings in Target were worth $3,253,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TGT. Legacy Investment Solutions LLC acquired a new stake in Target in the third quarter valued at $28,000. Wolff Wiese Magana LLC lifted its stake 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 last quarter. FSA Wealth Management LLC bought a new position in Target during the third quarter worth about $36,000. Catalyst Capital Advisors LLC acquired a new position in Target during the third quarter worth approximately $38,000. Finally, Reston Wealth Management LLC bought a new stake in Target in the third quarter valued at approximately $41,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TGT shares. Daiwa America cut Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Stifel Nicolaus increased their target price on Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Melius Research started coverage on Target in a research report on Monday, September 23rd. They set a “buy” rating and a $180.00 price objective on the stock. Evercore ISI lowered their price objective on Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research note on Thursday, November 21st. Finally, HSBC cut shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price objective on the stock. in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $160.57.

Target Price Performance

NYSE:TGT traded down $1.11 during trading hours on Wednesday, hitting $138.14. 4,621,243 shares of the company’s stock traded hands, compared to its average volume of 4,422,159. The firm has a market cap of $63.30 billion, a P/E ratio of 14.65, a P/E/G ratio of 2.23 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. The business’s fifty day simple moving average is $138.21 and its two-hundred day simple moving average is $145.71. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86.

Target (NYSE:TGT) last announced its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter in the previous year, the firm earned $2.10 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. On average, research analysts anticipate 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.