City State Bank Grows Stock Holdings in Target Co. (NYSE:TGT)

City State Bank grew its holdings in Target Co. (NYSE:TGT) by 120.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 812 shares of the retailer’s stock after purchasing an additional 444 shares during the quarter. City State Bank’s holdings in Target were worth $110,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of TGT. Legacy Investment Solutions LLC purchased a new position in Target in the 3rd quarter worth approximately $28,000. Wolff Wiese Magana LLC raised its position in shares of Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after buying an additional 133 shares during the period. FSA Wealth Management LLC purchased a new stake in shares of Target during the 3rd quarter valued at approximately $36,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Target during the 3rd quarter valued at approximately $38,000. Finally, Reston Wealth Management LLC purchased a new stake in shares of Target during the 3rd quarter valued at approximately $41,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Stock Performance

Shares of TGT stock opened at $138.89 on Tuesday. 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 Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The company has a market cap of $63.64 billion, a P/E ratio of 14.73, a PEG ratio of 2.21 and a beta of 1.16. The firm has a fifty day moving average price of $137.36 and a 200 day moving average price of $145.47.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. During the same quarter in the prior year, the company earned $2.10 EPS. The business’s revenue was up .9% on a year-over-year basis. Sell-side analysts predict that Target Co. will post 8.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on TGT. Roth Mkm reduced their price target on shares of Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. JPMorgan Chase & Co. reduced their price target on shares of Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Bank of America reduced their price target on shares of Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Guggenheim reduced their price target on shares of Target from $180.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Finally, Evercore ISI cut their target price on Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research report on Thursday, November 21st. One 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’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $160.57.

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.