Target Co. (NYSE:TGT) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its holdings in Target Co. (NYSE:TGT) by 0.5% during the fourth quarter, HoldingsChannel reports. The firm owned 156,548 shares of the retailer’s stock after acquiring an additional 818 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Target were worth $21,162,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp lifted its position in Target by 8.3% during the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after buying an additional 2,732,801 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of 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 worth $311,937,000 after acquiring an additional 1,981,458 shares during the last quarter. Two Sigma Advisers LP raised its holdings in shares of Target by 173.2% during 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 during the period. FMR LLC boosted its position in shares of Target by 11.7% during the 3rd quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after acquiring an additional 1,046,044 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Target by 711.2% in 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 during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TGT has been the topic of a number of analyst reports. StockNews.com downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Guggenheim decreased their price objective on Target from $180.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Sanford C. Bernstein began coverage on Target in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 target price for the company. Oppenheimer reaffirmed an “outperform” rating and issued a $165.00 price target on shares of Target in a research note on Monday, November 25th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $195.00 price target on shares of Target in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $160.57.

Target Stock Up 2.6 %

Shares of NYSE TGT opened at $141.78 on Friday. The business has a 50-day moving average of $137.58 and a two-hundred day moving average of $145.54. The company has a market capitalization of $64.97 billion, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 2.21 and a beta of 1.17. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. During the same period last year, the company earned $2.10 earnings per share. The business’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts forecast 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.