International Assets Investment Management LLC Decreases Stake in Target Co. (NYSE:TGT)

International Assets Investment Management LLC lowered its stake in Target Co. (NYSE:TGT) by 98.8% during the 4th quarter, HoldingsChannel reports. The firm owned 23,947 shares of the retailer’s stock after selling 1,977,444 shares during the period. International Assets Investment Management LLC’s holdings in Target were worth $3,237,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. State Street Corp boosted its position in shares of Target by 8.3% in the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after purchasing an additional 2,732,801 shares during the period. Two Sigma Advisers LP boosted its position 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 valued at $369,295,000 after acquiring an additional 1,502,200 shares during the last quarter. FMR LLC increased its holdings in shares of Target by 11.7% in the 3rd quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after buying an additional 1,046,044 shares during the last quarter. AQR Capital Management LLC raised its position in Target by 711.2% during 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. Finally, Worldquant Millennium Advisors LLC boosted its stake in shares of Target by 773.1% during the third quarter. Worldquant Millennium Advisors LLC now owns 832,766 shares of the retailer’s stock valued at $129,795,000 after purchasing an additional 737,384 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on TGT shares. Evercore ISI reduced their price target on Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research report on Thursday, November 21st. Melius Research began coverage on Target in a report on Monday, September 23rd. They set a “buy” rating and a $180.00 target price for the company. BMO Capital Markets cut their price target on shares of Target from $160.00 to $120.00 and set a “market perform” rating for the company in a report on Thursday, November 21st. Hsbc Global Res lowered shares of Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. cut their target price on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. 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 company. Based on data from MarketBeat.com, Target has a consensus rating of “Hold” and a consensus price target of $160.57.

Target Stock Down 0.8 %

Target stock traded down $1.16 during mid-day trading on Wednesday, hitting $138.09. The company had a trading volume of 694,150 shares, compared to its average volume of 3,573,720. The business has a fifty day moving average of $138.21 and a 200 day moving average of $145.71. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. 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 cap of $63.27 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 2.23 and a beta of 1.16.

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. On average, sell-side analysts expect that Target Co. will post 8.6 earnings per share for the current fiscal 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.