Farmers Trust Co. Sells 128 Shares of Target Co. (NYSE:TGT)

Farmers Trust Co. reduced its holdings in shares of Target Co. (NYSE:TGT) by 6.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,000 shares of the retailer’s stock after selling 128 shares during the period. Farmers Trust Co.’s holdings in Target were worth $270,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Cynosure Group LLC boosted its holdings in shares of Target by 4.3% during the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock valued at $248,000 after acquiring an additional 65 shares in the last quarter. Financial Advocates Investment Management boosted its stake in shares of Target by 1.2% during the third quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock valued at $894,000 after purchasing an additional 67 shares in the last quarter. Hancock Whitney Corp grew its holdings in shares of Target by 3.3% during the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock worth $336,000 after purchasing an additional 68 shares during the last quarter. Trust Co. of Vermont grew its holdings in shares of Target by 0.4% during the third quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer’s stock worth $2,444,000 after purchasing an additional 69 shares during the last quarter. Finally, Eagle Bluffs Wealth Management LLC increased its stake in shares of Target by 1.1% in the third quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock valued at $1,063,000 after buying an additional 73 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TGT shares. Daiwa Capital Markets lowered shares of Target from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $170.00 to $130.00 in a report on Tuesday, November 26th. Wells Fargo & Company cut their price target 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. TD Cowen decreased their price objective on Target from $165.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, November 21st. Stifel Nicolaus lifted their target price on Target from $137.00 to $145.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft cut Target from a “buy” rating to a “hold” rating and decreased their price target for the company from $184.00 to $108.00 in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Target currently has an average rating of “Hold” and a consensus target price of $160.57.

Target Trading Down 0.8 %

TGT opened at $138.14 on Thursday. 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 capitalization of $63.30 billion, a PE ratio of 14.65, a P/E/G ratio of 2.23 and a beta of 1.16. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The company’s 50-day moving average is $138.00 and its 200 day moving average is $145.66.

Target (NYSE:TGT) last posted 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 company had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter in the prior year, the business earned $2.10 EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, research analysts predict that Target Co. will post 8.6 earnings per share for the current fiscal year.

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.