First Hawaiian Bank Cuts Holdings in Target Co. (NYSE:TGT)

First Hawaiian Bank reduced its position in shares of Target Co. (NYSE:TGT) by 54.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,822 shares of the retailer’s stock after selling 3,330 shares during the quarter. First Hawaiian Bank’s holdings in Target were worth $381,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. State Street Corp grew its holdings in Target by 8.3% in the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after purchasing an additional 2,732,801 shares during the period. International Assets Investment Management LLC grew its stake in Target by 9,940.6% in the 3rd quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock valued at $311,937,000 after acquiring an additional 1,981,458 shares during the period. Two Sigma Advisers LP increased its holdings in Target by 173.2% in the 3rd quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock worth $369,295,000 after acquiring an additional 1,502,200 shares in the last quarter. FMR LLC raised its position in Target by 11.7% during the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after acquiring an additional 1,046,044 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in Target by 711.2% during the second quarter. AQR Capital Management LLC now owns 876,531 shares of the retailer’s stock valued at $129,762,000 after purchasing an additional 768,479 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Target from a “buy” rating to a “hold” rating and reduced their price target for the stock from $184.00 to $108.00 in a research report on Wednesday, November 20th. BMO Capital Markets decreased their target price on Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research report on Thursday, November 21st. JPMorgan Chase & Co. dropped their price target on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Evercore ISI decreased their price objective on Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a report on Thursday, November 21st. Finally, Guggenheim lowered their target price on shares of Target from $180.00 to $145.00 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 issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $160.57.

Target Price Performance

TGT opened at $141.78 on Friday. The stock’s 50-day moving average price is $137.58 and its 200 day moving average price is $145.54. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86. The firm has a market cap of $64.97 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 2.21 and a beta of 1.17. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last announced its quarterly earnings data 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 business had revenue of $25.23 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm posted $2.10 EPS. As a group, sell-side analysts expect that Target Co. will post 8.6 earnings per share for the current year.

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.