Farmers Trust Co. lessened its stake in Target Co. (NYSE:TGT – Free Report) by 6.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,000 shares of the retailer’s stock after selling 128 shares during the quarter. Farmers Trust Co.’s holdings in Target were worth $270,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC acquired a new position in Target during the third quarter worth $28,000. Wolff Wiese Magana LLC boosted its stake in shares of Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after buying an additional 133 shares during the last quarter. FSA Wealth Management LLC acquired a new position in shares of Target during the 3rd quarter worth about $36,000. Catalyst Capital Advisors LLC bought a new position in shares of Target in the 3rd quarter valued at about $38,000. Finally, Reston Wealth Management LLC acquired a new position in Target during the third quarter valued at approximately $41,000. Institutional investors own 79.73% of the company’s stock.
Target Price Performance
Shares of NYSE TGT opened at $138.14 on Thursday. The business has a fifty day moving average price of $138.00 and a two-hundred day moving average price of $145.66. The stock has a market capitalization of $63.30 billion, a PE ratio of 14.65, a P/E/G ratio of 2.23 and a beta of 1.16. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on TGT shares. Sanford C. Bernstein assumed coverage on Target in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 price target on the stock. Piper Sandler lowered their target price on shares of Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Melius Research initiated coverage on shares of Target in a research note on Monday, September 23rd. They issued a “buy” rating and a $180.00 price target for the company. Daiwa America lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $195.00 target price on shares of Target in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $160.57.
Check Out Our Latest Research Report on Target
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.
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