GAMMA Investing LLC Lowers Stock Holdings in Target Co. (NYSE:TGT)

GAMMA Investing LLC lowered its position in shares of Target Co. (NYSE:TGT) by 8.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,290 shares of the retailer’s stock after selling 807 shares during the period. GAMMA Investing LLC’s holdings in Target were worth $1,256,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. DGS Capital Management LLC grew its position in shares of Target by 38.7% during the 3rd quarter. DGS Capital Management LLC now owns 2,193 shares of the retailer’s stock valued at $342,000 after purchasing an additional 612 shares in the last quarter. Copley Financial Group Inc. purchased a new position in Target during the third quarter worth about $249,000. Logan Capital Management Inc. increased its stake in Target by 7.1% in the 3rd quarter. Logan Capital Management Inc. now owns 53,737 shares of the retailer’s stock worth $8,375,000 after acquiring an additional 3,549 shares during the last quarter. Fidelity D & D Bancorp Inc. purchased a new stake in shares of Target in the 3rd quarter valued at about $208,000. Finally, Inspire Trust Co. N.A. boosted its position in shares of Target by 28.4% during the 3rd quarter. Inspire Trust Co. N.A. now owns 43,639 shares of the retailer’s stock valued at $6,802,000 after acquiring an additional 9,652 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Stock Performance

Target stock opened at $135.79 on Friday. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The stock’s 50 day simple moving average is $138.89 and its two-hundred day simple moving average is $145.81. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The stock has a market cap of $62.22 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 2.23 and a beta of 1.17.

Target (NYSE:TGT) last released 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 firm had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.10 earnings per share. As a group, analysts expect that Target Co. will post 8.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on TGT shares. TD Cowen decreased their price objective on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Wells Fargo & Company decreased their price target on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. HSBC downgraded shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price objective for the company. in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft cut Target from a “buy” rating to a “hold” rating and reduced their target price for the company from $184.00 to $108.00 in a research note on Wednesday, November 20th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $165.00 price target on shares of Target in a research note on Monday, November 25th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $160.57.

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.