Capital Investment Advisors LLC Decreases Stake in Target Co. (NYSE:TGT)

Capital Investment Advisors LLC cut its holdings in shares of Target Co. (NYSE:TGT) by 15.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 60,867 shares of the retailer’s stock after selling 10,734 shares during the quarter. Capital Investment Advisors LLC’s holdings in Target were worth $8,228,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC boosted its stake in Target by 879.9% in the 2nd quarter. Quest Partners LLC now owns 2,097 shares of the retailer’s stock worth $310,000 after purchasing an additional 1,883 shares during the period. Parallel Advisors LLC grew its stake in Target by 3.1% during the second quarter. Parallel Advisors LLC now owns 11,742 shares of the retailer’s stock valued at $1,738,000 after acquiring an additional 352 shares in the last quarter. Thoroughbred Financial Services LLC lifted its stake in Target by 186.1% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 6,889 shares of the retailer’s stock worth $1,019,000 after purchasing an additional 4,481 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Target by 11.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 102,903 shares of the retailer’s stock valued at $15,234,000 after purchasing an additional 10,869 shares during the period. Finally, J.W. Cole Advisors Inc. increased its holdings in shares of Target by 7.8% in the second quarter. J.W. Cole Advisors Inc. now owns 9,067 shares of the retailer’s stock worth $1,342,000 after purchasing an additional 657 shares during the period. Institutional investors own 79.73% of the company’s stock.

Target Trading Down 2.4 %

TGT traded down $3.38 on Monday, reaching $138.24. 1,550,042 shares of the company’s stock were exchanged, compared to its average volume of 4,176,641. The company has a market cap of $63.34 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 2.21 and a beta of 1.17. 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 Co. has a twelve month low of $120.21 and a twelve month high of $181.86. The company’s 50 day moving average is $137.58 and its 200-day moving average is $145.53.

Target (NYSE:TGT) last released its quarterly 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 return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. During the same period last year, the firm earned $2.10 EPS. The business’s quarterly revenue was up .9% on a year-over-year basis. Equities analysts predict that Target Co. will post 8.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TGT. Wells Fargo & Company lowered their price target on Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Citigroup lowered shares of Target from a “buy” rating to a “neutral” rating and dropped their target price for the company from $188.00 to $130.00 in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft downgraded shares of Target from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $184.00 to $108.00 in a report on Wednesday, November 20th. Piper Sandler dropped their target price on Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Finally, Roth Mkm reduced their price target on shares of Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. One investment 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target 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.