Atlas Brown Inc. Sells 162 Shares of Target Co. (NYSE:TGT)

Atlas Brown Inc. decreased its position in Target Co. (NYSE:TGT) by 2.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,055 shares of the retailer’s stock after selling 162 shares during the quarter. Atlas Brown Inc.’s holdings in Target were worth $954,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. State Street Corp boosted its holdings in shares of Target by 8.3% in the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after acquiring an additional 2,732,801 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Target by 9,940.6% in the third quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock worth $311,937,000 after purchasing an additional 1,981,458 shares in the last quarter. Two Sigma Advisers LP grew its holdings in shares of Target by 173.2% during the third quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock worth $369,295,000 after purchasing an additional 1,502,200 shares during the last quarter. FMR LLC increased its stake in shares of Target by 11.7% in the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after buying an additional 1,046,044 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Target by 711.2% in the second quarter. AQR Capital Management LLC now owns 876,531 shares of the retailer’s stock valued at $129,762,000 after buying an additional 768,479 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Stock Up 2.5 %

TGT traded up $3.39 during trading on Friday, hitting $141.61. The company had a trading volume of 4,454,624 shares, compared to its average volume of 4,368,185. The company has a market capitalization of $64.89 billion, a PE ratio of 15.02, a PEG ratio of 2.23 and a beta of 1.16. 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’s 50-day moving average price is $137.77 and its 200 day moving average price is $145.60.

Target (NYSE:TGT) last released 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 company had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter in the previous year, the company posted $2.10 EPS. The business’s revenue was up .9% on a year-over-year basis. As a group, equities analysts expect that Target Co. will post 8.6 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on TGT shares. Hsbc Global Res cut shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Daiwa America lowered Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Sanford C. Bernstein started coverage on Target in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 target price for the company. Daiwa Capital Markets cut Target from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $170.00 to $130.00 in a report on Tuesday, November 26th. Finally, Bank of America dropped their price objective on Target from $195.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Target currently has an average rating of “Hold” and a consensus target price of $160.57.

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.