Target Co. (NYSE:TGT) Shares Sold by Park National Corp OH

Park National Corp OH decreased its holdings in shares of Target Co. (NYSE:TGT) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,841 shares of the retailer’s stock after selling 1,206 shares during the quarter. Park National Corp OH’s holdings in Target were worth $5,521,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in Target in the 3rd quarter valued at about $28,000. Wolff Wiese Magana LLC increased its position in shares of Target by 156.5% during 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 last quarter. FSA Wealth Management LLC purchased a new stake in shares of Target in the 3rd quarter valued at approximately $36,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Target in the 3rd quarter valued at approximately $38,000. Finally, Reston Wealth Management LLC purchased a new position in shares of Target during the 3rd quarter worth approximately $41,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the topic of a number of research analyst reports. Melius Research started coverage on Target in a research report on Monday, September 23rd. They issued a “buy” rating and a $180.00 target price on the stock. Daiwa Capital Markets lowered Target from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $170.00 to $130.00 in a research note on Tuesday, November 26th. Wells Fargo & Company lowered their target price on Target from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Stifel Nicolaus boosted their price target on shares of Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Target from a “buy” rating to a “hold” rating and lowered their price objective for the company from $184.00 to $108.00 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, Target has an average rating of “Hold” and an average target price of $160.57.

Target Stock Performance

NYSE TGT opened at $139.33 on Wednesday. The company has a fifty day moving average of $138.21 and a two-hundred day moving average of $145.71. The company has a market capitalization of $63.84 billion, a PE ratio of 14.78, a P/E/G ratio of 2.23 and a beta of 1.16. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

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 analysts’ consensus estimates of $2.30 by ($0.45). The firm had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the company earned $2.10 earnings per share. As a group, analysts expect that Target Co. will post 8.6 earnings per share for the current year.

Target 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.