Target Co. (NYSE:TGT) Stock Position Reduced by First Financial Bank Trust Division

First Financial Bank Trust Division decreased its stake in Target Co. (NYSE:TGT) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,387 shares of the retailer’s stock after selling 321 shares during the quarter. First Financial Bank Trust Division’s holdings in Target were worth $863,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in shares of Target during the third quarter worth $28,000. Slocum Gordon & Co LLP acquired a new position in Target in the 2nd quarter worth about $28,000. Wolff Wiese Magana LLC raised its stake in shares of Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after purchasing an additional 133 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Target during the 3rd quarter valued at about $36,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Target in the 3rd quarter valued at approximately $38,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Guggenheim cut their price objective on shares of Target from $180.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. BMO Capital Markets cut their price target on shares of Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a report on Thursday, November 21st. StockNews.com cut shares of Target from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. Hsbc Global Res downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, HSBC cut Target from a “buy” rating to a “hold” rating and set a $138.00 price target for the company. in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $160.57.

Target Stock Performance

Shares of TGT stock traded up $2.01 during mid-day trading on Thursday, reaching $137.19. The stock had a trading volume of 4,325,123 shares, compared to its average volume of 4,545,802. The firm’s 50 day simple moving average is $139.15 and its 200 day simple moving average is $145.87. 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 one year low of $120.21 and a one year high of $181.86. The firm has a market cap of $62.86 billion, a PE ratio of 14.55, a P/E/G ratio of 2.23 and a beta of 1.17.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 20th. The retailer reported $1.85 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 business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.10 earnings per share. On average, analysts forecast that Target Co. will post 8.6 EPS for the current 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.