ST Germain D J Co. Inc. Buys 785 Shares of Target Co. (NYSE:TGT)

ST Germain D J Co. Inc. lifted its stake in Target Co. (NYSE:TGT) by 13.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,749 shares of the retailer’s stock after buying an additional 785 shares during the period. ST Germain D J Co. Inc.’s holdings in Target were worth $912,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Thrivent Financial for Lutherans boosted its stake in shares of Target by 1.8% in the third quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock valued at $4,368,000 after buying an additional 490 shares during the period. D.A. Davidson & CO. boosted its stake in shares of Target by 8.6% in the third quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock valued at $18,619,000 after buying an additional 9,510 shares during the period. Prana Capital Management LP boosted its stake in shares of Target by 47.5% in the third quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock valued at $33,834,000 after buying an additional 69,885 shares during the period. Transamerica Financial Advisors Inc. bought a new stake in shares of Target in the third quarter valued at approximately $967,000. Finally, Geode Capital Management LLC raised its position in Target by 1.4% during the third quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock valued at $1,461,456,000 after purchasing an additional 130,691 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TGT has been the subject of several research analyst reports. Wells Fargo & Company lowered their price objective on shares of Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Stifel Nicolaus boosted their price objective on shares of Target from $137.00 to $145.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Guggenheim lowered their price objective on shares of Target from $180.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. Roth Mkm lowered their price objective on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft downgraded 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 report on Wednesday, November 20th. One 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. According to MarketBeat, Target has an average rating of “Hold” and an average price target of $160.57.

Target Stock Performance

Shares of TGT stock opened at $141.78 on Friday. The business’s 50 day simple moving average is $137.58 and its 200 day simple moving average is $145.55. Target Co. has a one year low of $120.21 and a one year high of $181.86. The stock has a market capitalization of $64.97 billion, a PE ratio of 15.03, a PEG 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.

Target (NYSE:TGT) last posted its quarterly 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 business had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Target’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.10 earnings per share. As a group, research analysts forecast that Target Co. will post 8.6 earnings per share 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.