Rosenberg Matthew Hamilton Sells 805 Shares of Target Co. (NYSE:TGT)

Rosenberg Matthew Hamilton lowered its position in Target Co. (NYSE:TGT) by 28.9% during the 4th quarter, Holdings Channel reports. The firm owned 1,982 shares of the retailer’s stock after selling 805 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Target were worth $268,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its stake in shares of Target by 1.8% during the third quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock valued at $4,368,000 after purchasing an additional 490 shares in the last quarter. D.A. Davidson & CO. raised its holdings in Target by 8.6% in the third quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock worth $18,619,000 after purchasing an additional 9,510 shares in the last quarter. Prana Capital Management LP lifted its position in shares of Target by 47.5% during 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 last quarter. Transamerica Financial Advisors Inc. bought a new stake in shares of Target in the 3rd quarter valued at about $967,000. Finally, Geode Capital Management LLC grew its position in shares of Target by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock worth $1,461,456,000 after buying an additional 130,691 shares during the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TGT has been the subject of a number of analyst reports. TD Cowen decreased their target price on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Evercore ISI lowered their price objective on Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research report on Thursday, November 21st. Piper Sandler reduced their target price on Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Wells Fargo & Company decreased their price target on Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. Finally, Hsbc Global Res lowered Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $160.57.

Target Stock Down 1.9 %

TGT opened at $138.89 on Tuesday. The company has a fifty day moving average of $137.36 and a two-hundred day moving average of $145.47. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The stock has a market capitalization of $63.64 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 2.21 and a beta of 1.16.

Target (NYSE:TGT) last announced its quarterly earnings results 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). The business had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Target’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.10 EPS. On average, research analysts expect that Target Co. will post 8.6 earnings per share for the current 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.