Nordea Investment Management AB Increases Stock Holdings in Target Co. (NYSE:TGT)

Nordea Investment Management AB boosted its stake in Target Co. (NYSE:TGT) by 32.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,187,295 shares of the retailer’s stock after buying an additional 289,081 shares during the quarter. Nordea Investment Management AB’s holdings in Target were worth $161,247,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of TGT. Legacy Investment Solutions LLC purchased a new stake in shares of Target in the third quarter valued at about $28,000. Wolff Wiese Magana LLC increased its stake in Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after buying an additional 133 shares during the last quarter. FSA Wealth Management LLC purchased a new stake in Target in the 3rd quarter valued at about $36,000. Catalyst Capital Advisors LLC bought a new position in shares of Target during the 3rd quarter worth approximately $38,000. Finally, Reston Wealth Management LLC purchased a new position in shares of Target in the 3rd quarter worth approximately $41,000. 79.73% of the stock is currently owned by institutional investors.

Target Price Performance

Target stock opened at $139.08 on Tuesday. The business has a 50-day simple moving average of $138.38 and a 200 day simple moving average of $145.76. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86. The stock has a market cap of $63.73 billion, a price-to-earnings ratio of 14.75, 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 (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). The business had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.10 EPS. On average, research analysts forecast that Target Co. will post 8.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TGT. HSBC downgraded Target from a “buy” rating to a “hold” rating and set a $138.00 price target for the company. in a research report on Wednesday, November 20th. BMO Capital Markets lowered their target price on Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research note on Thursday, November 21st. Roth Mkm reduced their price target 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. Guggenheim lowered their price objective on shares of Target from $180.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Finally, Bank of America dropped their target price on shares of Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. One investment 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. According to MarketBeat, Target presently has a consensus rating of “Hold” and a consensus price target of $160.57.

Target 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.