GAMMA Investing LLC Sells 807 Shares of Target Co. (NYSE:TGT)

GAMMA Investing LLC lowered its stake in Target Co. (NYSE:TGT) by 8.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,290 shares of the retailer’s stock after selling 807 shares during the quarter. GAMMA Investing LLC’s holdings in Target were worth $1,256,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in TGT. DGS Capital Management LLC boosted its position in Target by 38.7% in the third quarter. DGS Capital Management LLC now owns 2,193 shares of the retailer’s stock valued at $342,000 after buying an additional 612 shares in the last quarter. Copley Financial Group Inc. acquired a new position in shares of Target during the third quarter worth $249,000. Logan Capital Management Inc. lifted its stake in shares of Target by 7.1% in the 3rd quarter. Logan Capital Management Inc. now owns 53,737 shares of the retailer’s stock valued at $8,375,000 after acquiring an additional 3,549 shares during the last quarter. Fidelity D & D Bancorp Inc. acquired a new stake in shares of Target during the 3rd quarter valued at $208,000. Finally, Inspire Trust Co. N.A. grew its position in Target by 28.4% during the 3rd quarter. Inspire Trust Co. N.A. now owns 43,639 shares of the retailer’s stock worth $6,802,000 after acquiring an additional 9,652 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TGT shares. Telsey Advisory Group reissued an “outperform” rating and set a $195.00 price target on shares of Target in a research note on Wednesday, November 20th. TD Cowen reduced their target price on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Piper Sandler dropped their price target on shares of Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Citigroup cut shares of Target from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $188.00 to $130.00 in a research note on Wednesday, November 20th. Finally, Melius Research started coverage on Target in a research report on Monday, September 23rd. They set a “buy” rating and a $180.00 target price for the company. One 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $160.57.

Target Price Performance

Shares of NYSE TGT opened at $135.79 on Friday. The stock has a market cap of $62.22 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 2.23 and a beta of 1.17. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The firm’s 50-day simple moving average is $138.89 and its 200 day simple moving average is $145.81.

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