Target Co. (NYSE:TGT) Shares Sold by Versant Capital Management Inc

Versant Capital Management Inc trimmed its holdings in Target Co. (NYSE:TGT) by 12.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 747 shares of the retailer’s stock after selling 109 shares during the period. Versant Capital Management Inc’s holdings in Target were worth $101,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TGT. Wells Fargo & Company dropped their target price on Target from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $195.00 target price on shares of Target in a research note on Wednesday, November 20th. Bank of America dropped their price target on shares of Target from $195.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. BMO Capital Markets reduced their price target on shares of Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research report on Thursday, November 21st. Finally, Sanford C. Bernstein assumed coverage on Target in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $168.00 price objective for the company. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $160.57.

Target Trading Down 1.0 %

NYSE TGT opened at $135.79 on Friday. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86. The firm has a 50 day moving average of $138.59 and a two-hundred day moving average of $145.74. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $62.22 billion, a PE ratio of 14.40, a price-to-earnings-growth ratio of 2.23 and a beta of 1.17.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS 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 firm had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. During the same quarter in the previous year, the firm posted $2.10 EPS. The business’s revenue for the quarter was up .9% on a year-over-year basis. As a group, research analysts expect that Target Co. will post 8.6 EPS for the current fiscal year.

Target Company 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.