CWA Asset Management Group LLC Has $1.24 Million Position in Target Co. (NYSE:TGT)

CWA Asset Management Group LLC grew its position in Target Co. (NYSE:TGT) by 23.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,196 shares of the retailer’s stock after purchasing an additional 1,773 shares during the period. CWA Asset Management Group LLC’s holdings in Target were worth $1,243,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Thrivent Financial for Lutherans grew its stake in Target by 1.8% during the third quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock worth $4,368,000 after buying an additional 490 shares during the last quarter. D.A. Davidson & CO. grew its position in Target by 8.6% during the 3rd quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock worth $18,619,000 after acquiring an additional 9,510 shares during the last quarter. Prana Capital Management LP increased its holdings in Target by 47.5% during the 3rd quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock valued at $33,834,000 after purchasing an additional 69,885 shares in the last quarter. Transamerica Financial Advisors Inc. bought a new position in Target in the 3rd quarter valued at $967,000. Finally, Geode Capital Management LLC boosted its stake in Target by 1.4% in the third quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock worth $1,461,456,000 after purchasing an additional 130,691 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Stock Up 0.0 %

Target stock opened at $139.33 on Wednesday. The company has a 50 day moving average of $138.21 and a 200-day moving average of $145.71. 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 twelve month low of $120.21 and a twelve month high of $181.86. The stock has a market capitalization of $63.84 billion, a PE ratio of 14.78, a price-to-earnings-growth ratio of 2.23 and a beta of 1.16.

Target (NYSE:TGT) last announced its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The company had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Target’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the company posted $2.10 earnings per share. On average, equities research analysts anticipate that Target Co. will post 8.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TGT. Piper Sandler lowered their target price on Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Wells Fargo & Company dropped their target price on shares of Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. StockNews.com cut shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Melius Research began coverage on shares of Target in a research report on Monday, September 23rd. They issued a “buy” rating and a $180.00 price objective for the company. Finally, Roth Mkm decreased their price objective on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Target has an average rating of “Hold” and a consensus target price 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.