Bank of New Hampshire Sells 809 Shares of Target Co. (NYSE:TGT)

Bank of New Hampshire cut its stake in shares of Target Co. (NYSE:TGT) by 48.0% in the fourth quarter, Holdings Channel reports. The fund owned 875 shares of the retailer’s stock after selling 809 shares during the period. Bank of New Hampshire’s holdings in Target were worth $118,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. BMO Capital Markets reduced their price objective on Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research note on Thursday, November 21st. Wells Fargo & Company decreased their price objective 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. Roth Mkm dropped their target price on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. TD Cowen decreased their price target on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Finally, Hsbc Global Res cut shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $160.57.

Target Trading Up 0.0 %

Shares of NYSE:TGT opened at $139.33 on Wednesday. The firm has a market cap of $63.84 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 2.23 and a beta of 1.16. The company has a quick ratio of 0.25, a current ratio of 0.94 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. The company’s fifty day simple moving average is $138.21 and its 200 day simple moving average is $145.71.

Target (NYSE:TGT) last posted its quarterly earnings data 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). 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 analyst estimates of $25.87 billion. During the same period in the prior year, the company earned $2.10 earnings per share. The firm’s quarterly revenue was up .9% on a year-over-year basis. As a group, research analysts forecast that Target Co. will post 8.6 EPS for the current fiscal year.

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.