Moody National Bank Trust Division Has $1.53 Million Position in Target Co. (NYSE:TGT)

Moody National Bank Trust Division trimmed its stake in Target Co. (NYSE:TGT) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,307 shares of the retailer’s stock after selling 380 shares during the quarter. Moody National Bank Trust Division’s holdings in Target were worth $1,528,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Legacy Investment Solutions LLC bought a new stake in Target in the 3rd quarter valued at about $28,000. Wolff Wiese Magana LLC grew its stake in Target by 156.5% in the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after acquiring an additional 133 shares during the period. FSA Wealth Management LLC bought a new stake in shares of Target during the third quarter valued at approximately $36,000. Catalyst Capital Advisors LLC acquired a new position in shares of Target during the third quarter worth approximately $38,000. Finally, Reston Wealth Management LLC bought a new position in shares of Target in the 3rd quarter worth $41,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Trading Down 1.9 %

Shares of TGT opened at $138.89 on Tuesday. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The firm has a market cap of $63.64 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 2.21 and a beta of 1.16. The firm has a 50 day moving average price of $137.36 and a 200-day moving average price of $145.47. 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 posted 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 business had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.10 earnings per share. As a group, equities research analysts forecast that Target Co. will post 8.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TGT shares. HSBC downgraded shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price objective on the stock. in a report on Wednesday, November 20th. Wells Fargo & Company lowered their target price on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Guggenheim cut their price target on Target from $180.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft downgraded Target from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $184.00 to $108.00 in a research note on Wednesday, November 20th. Finally, Hsbc Global Res cut Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. 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. According to MarketBeat, Target currently 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.