Fragasso Financial Advisors Inc Raises Holdings in Target Co. (NYSE:TGT)

Fragasso Financial Advisors Inc grew its position in shares of Target Co. (NYSE:TGT) by 19.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 19,653 shares of the retailer’s stock after purchasing an additional 3,232 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in Target were worth $2,657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in TGT. Legacy Investment Solutions LLC bought a new stake in shares of Target during the 3rd quarter valued at $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 valued at $34,000 after purchasing an additional 133 shares during the period. FSA Wealth Management LLC bought a new stake in shares of Target during the 3rd quarter valued at $36,000. Catalyst Capital Advisors LLC bought a new stake in shares of Target during the 3rd quarter valued at $38,000. Finally, Reston Wealth Management LLC bought a new stake in shares of Target during the 3rd quarter valued at $41,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TGT. HSBC lowered Target from a “buy” rating to a “hold” rating and set a $138.00 target price on the stock. in a research note on Wednesday, November 20th. Hsbc Global Res lowered Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Sanford C. Bernstein began coverage on Target in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $168.00 target price on the stock. 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. Finally, TD Cowen decreased their target price on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $160.57.

Target Stock Down 1.7 %

Shares of NYSE:TGT traded down $2.40 during trading on Monday, hitting $139.22. The stock had a trading volume of 2,159,354 shares, compared to its average volume of 4,302,983. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The company has a market capitalization of $63.79 billion, a PE ratio of 14.76, a PEG ratio of 2.21 and a beta of 1.17. The firm’s fifty day moving average is $137.58 and its 200 day moving average is $145.53. 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 (NYSE:TGT) last announced its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $25.87 billion. During the same period in the prior year, the company posted $2.10 EPS. The firm’s revenue was up .9% on a year-over-year basis. Analysts anticipate that Target Co. will post 8.6 EPS 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.