Modus Advisors LLC Lowers Stock Holdings in Target Co. (NYSE:TGT)

Modus Advisors LLC lessened its stake in Target Co. (NYSE:TGT) by 5.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,375 shares of the retailer’s stock after selling 302 shares during the quarter. Modus Advisors LLC’s holdings in Target were worth $727,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Slocum Gordon & Co LLP purchased a new position in shares of Target during the 2nd quarter valued at about $28,000. Legacy Investment Solutions LLC purchased a new stake in Target in the third quarter worth about $28,000. Wolff Wiese Magana LLC grew its position in Target by 156.5% during 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 stake in shares of Target in the 3rd quarter worth $36,000. Finally, Catalyst Capital Advisors LLC purchased a new position in Target in the 3rd quarter worth about $38,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

TGT has been the subject of a number of research reports. Guggenheim reduced their target price on shares of Target from $180.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Evercore ISI cut 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 note on Thursday, November 21st. Daiwa America cut Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Melius Research assumed coverage on shares of Target in a research report on Monday, September 23rd. They issued a “buy” rating and a $180.00 price objective on the stock. Finally, JPMorgan Chase & Co. cut their price objective on shares of Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $160.57.

Target Price Performance

NYSE:TGT traded down $0.97 on Friday, reaching $136.22. The stock had a trading volume of 700,662 shares, compared to its average volume of 2,446,144. The company has a market capitalization of $62.42 billion, a P/E ratio of 14.45, a price-to-earnings-growth ratio of 2.23 and a beta of 1.17. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86. The stock has a fifty day moving average price of $138.89 and a 200-day moving average price of $145.81. 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 announced 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). The business had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Target’s revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.10 earnings per share. Research analysts forecast that Target Co. will post 8.6 EPS for the current 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.