Central Pacific Bank Trust Division Sells 9,068 Shares of Target Co. (NYSE:TGT)

Central Pacific Bank Trust Division trimmed its stake in Target Co. (NYSE:TGT) by 89.0% during the 4th quarter, HoldingsChannel reports. The fund owned 1,124 shares of the retailer’s stock after selling 9,068 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Target were worth $152,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of TGT. State Street Corp boosted its stake in 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 purchasing an additional 2,732,801 shares in the last quarter. FMR LLC lifted 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 worth $1,555,542,000 after buying an additional 1,046,044 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Target by 1.4% during the third quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock valued at $1,461,456,000 after buying an additional 130,691 shares during the last quarter. Legal & General Group Plc increased its position in shares of Target by 6.8% during the second quarter. Legal & General Group Plc now owns 4,374,851 shares of the retailer’s stock valued at $647,652,000 after acquiring an additional 279,656 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Target by 1.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,321,055 shares of the retailer’s stock worth $517,620,000 after acquiring an additional 62,916 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TGT has been the topic of several recent analyst reports. StockNews.com downgraded Target from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Evercore ISI reduced their price objective on Target from $165.00 to $130.00 and set an “in-line” rating for the company in a report on Thursday, November 21st. Melius Research started coverage on shares of Target in a research note on Monday, September 23rd. They set a “buy” rating and a $180.00 target price on the stock. HSBC downgraded shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price objective on the stock. in a research report on Wednesday, November 20th. Finally, Stifel Nicolaus lifted their target price on shares of Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $160.57.

Target Trading Down 1.0 %

Shares of TGT 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 company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The company’s fifty day moving average is $138.59 and its 200 day moving average is $145.74. The stock has a market capitalization of $62.22 billion, a PE ratio of 14.40, a P/E/G ratio of 2.23 and a beta of 1.17.

Target (NYSE:TGT) last posted 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). Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter last year, the firm earned $2.10 earnings per share. The business’s quarterly revenue was up .9% on a year-over-year basis. Sell-side analysts expect that Target Co. will post 8.6 earnings per share for the current fiscal year.

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.