CWA Asset Management Group LLC Has $1.24 Million Stake in Target Co. (NYSE:TGT)

CWA Asset Management Group LLC raised its position in shares of Target Co. (NYSE:TGT) by 23.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,196 shares of the retailer’s stock after purchasing an additional 1,773 shares during the quarter. CWA Asset Management Group LLC’s holdings in Target were worth $1,243,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TGT. Legacy Investment Solutions LLC acquired a new stake in Target during the 3rd quarter worth about $28,000. Wolff Wiese Magana LLC increased its holdings in shares of Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after purchasing an additional 133 shares during the period. FSA Wealth Management LLC purchased a new stake in shares of Target in the third quarter worth approximately $36,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Target during the third quarter worth approximately $38,000. Finally, Reston Wealth Management LLC purchased a new position in Target during the third quarter valued at approximately $41,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

TGT has been the subject of a number of research reports. Roth Mkm decreased their target price on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Bank of America reduced their price objective on Target from $195.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. Daiwa Capital Markets downgraded Target from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $170.00 to $130.00 in a research note on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft cut Target from a “buy” rating to a “hold” rating and lowered their price target for the company from $184.00 to $108.00 in a research note on Wednesday, November 20th. Finally, BMO Capital Markets cut their price objective 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. One research 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. According to MarketBeat, Target has a consensus rating of “Hold” and an average price target of $160.57.

Target Price Performance

Shares of TGT stock opened at $139.33 on Wednesday. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The company has a market capitalization of $63.84 billion, a P/E ratio of 14.78, a P/E/G ratio of 2.23 and a beta of 1.16. The stock has a 50 day moving average of $138.21 and a two-hundred day moving average of $145.71. 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 issued its earnings results 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 firm had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same period last year, the business earned $2.10 earnings per share. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, equities analysts expect that Target Co. will post 8.6 EPS 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.