Old North State Trust LLC Trims Stock Holdings in Target Co. (NYSE:TGT)

Old North State Trust LLC lowered its holdings in Target Co. (NYSE:TGT) by 2.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,692 shares of the retailer’s stock after selling 75 shares during the period. Old North State Trust LLC’s holdings in Target were worth $575,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TGT. Slocum Gordon & Co LLP bought a new stake in shares of Target during the second quarter valued at about $28,000. Legacy Investment Solutions LLC purchased a new stake in Target in the 3rd quarter worth approximately $28,000. Wolff Wiese Magana LLC grew its position in shares of 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 in the last quarter. FSA Wealth Management LLC bought a new position in shares of Target in the third quarter worth $36,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Target in the third quarter worth $38,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TGT has been the topic of a number of research analyst reports. Piper Sandler decreased their target price on Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. HSBC cut shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price objective on the stock. in a research report on Wednesday, November 20th. Hsbc Global Res cut shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. BMO Capital Markets lowered their price objective on shares of Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research report on Thursday, November 21st. Finally, TD Cowen dropped their price objective on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a 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 issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $160.57.

Target Trading Up 0.1 %

NYSE:TGT opened at $135.18 on Wednesday. The company has a 50-day moving average price of $139.41 and a 200-day moving average price of $145.94. The stock has a market cap of $61.94 billion, a price-to-earnings ratio of 14.34, a P/E/G ratio of 2.23 and a beta of 1.17. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86.

Target (NYSE:TGT) last announced 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). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same period in the prior year, the business posted $2.10 EPS. Target’s revenue for the quarter was up .9% on a year-over-year basis. Equities analysts predict that Target Co. will post 8.6 EPS 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.