Eagle Bay Advisors LLC Sells 178 Shares of Target Co. (NYSE:TGT)

Eagle Bay Advisors LLC lowered its holdings in shares of Target Co. (NYSE:TGT) by 28.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 457 shares of the retailer’s stock after selling 178 shares during the period. Eagle Bay Advisors LLC’s holdings in Target were worth $62,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TGT. Cynosure Group LLC raised its position in Target by 4.3% during the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after purchasing an additional 65 shares during the last quarter. Financial Advocates Investment Management increased its stake in shares of Target by 1.2% in the third quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock valued at $894,000 after buying an additional 67 shares during the period. Hancock Whitney Corp increased its stake in shares of Target by 3.3% in the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock valued at $336,000 after buying an additional 68 shares during the period. Trust Co. of Vermont raised its position in shares of Target by 0.4% during the third quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer’s stock worth $2,444,000 after acquiring an additional 69 shares during the last quarter. Finally, Eagle Bluffs Wealth Management LLC lifted its stake in shares of Target by 1.1% in the third quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock worth $1,063,000 after acquiring an additional 73 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analysts Set New Price Targets

TGT has been the subject of a number of recent analyst 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 report on Thursday, November 21st. Sanford C. Bernstein initiated coverage on shares of Target in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 target price for the company. Citigroup cut shares of Target from a “buy” rating to a “neutral” rating and cut their price target for the company from $188.00 to $130.00 in a research report on Wednesday, November 20th. BMO Capital Markets lowered their price objective on Target from $160.00 to $120.00 and set a “market perform” rating for the company 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 equities 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $160.57.

Target Trading Down 1.9 %

NYSE TGT opened at $138.89 on Tuesday. The business’s fifty day moving average is $137.36 and its 200-day moving average is $145.47. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The stock has a market capitalization of $63.64 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 2.21 and a beta of 1.16. Target Co. has a one year low of $120.21 and a one year high of $181.86.

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. Equities research analysts predict that Target Co. will post 8.6 EPS for the current year.

About Target

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.