Marcum Wealth LLC Sells 1,121 Shares of Target Co. (NYSE:TGT)

Marcum Wealth LLC lessened its stake in shares of Target Co. (NYSE:TGT) by 24.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,433 shares of the retailer’s stock after selling 1,121 shares during the period. Marcum Wealth LLC’s holdings in Target were worth $464,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TGT. Thrivent Financial for Lutherans lifted its position in shares of Target by 1.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock valued at $4,368,000 after buying an additional 490 shares in the last quarter. D.A. Davidson & CO. raised its stake in Target by 8.6% during the 3rd quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock worth $18,619,000 after acquiring an additional 9,510 shares during the period. Prana Capital Management LP lifted its holdings in Target by 47.5% during the third quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock valued at $33,834,000 after purchasing an additional 69,885 shares in the last quarter. Transamerica Financial Advisors Inc. bought a new position in shares of Target in the third quarter worth approximately $967,000. Finally, Geode Capital Management LLC increased its stake in shares of Target by 1.4% in the third quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock worth $1,461,456,000 after purchasing an additional 130,691 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Trading Down 1.9 %

TGT opened at $136.18 on Wednesday. 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. The stock has a market cap of $62.40 billion, a price-to-earnings ratio of 14.44, a P/E/G ratio of 2.21 and a beta of 1.16. The stock’s 50 day moving average price is $137.06 and its 200-day moving average price is $145.39.

Target (NYSE:TGT) last released its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share 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 analysts’ expectations 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 quarter in the previous year, the business earned $2.10 EPS. On average, equities analysts forecast that Target Co. will post 8.6 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TGT shares. Melius Research initiated coverage on shares of Target in a research note on Monday, September 23rd. They set a “buy” rating and a $180.00 target price on the stock. Stifel Nicolaus boosted their price objective on Target from $137.00 to $145.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. cut their target price on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Citigroup cut Target from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $188.00 to $130.00 in a report on Wednesday, November 20th. Finally, Wells Fargo & Company dropped their price target on Target from $180.00 to $150.00 and set an “overweight” rating for the company 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 assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $160.57.

About Target

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.