Aprio Wealth Management LLC Boosts Stake in Target Co. (NYSE:TGT)

Aprio Wealth Management LLC lifted its stake in shares of Target Co. (NYSE:TGTFree Report) by 26.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,980 shares of the retailer’s stock after acquiring an additional 411 shares during the period. Aprio Wealth Management LLC’s holdings in Target were worth $268,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TGT. Legacy Investment Solutions LLC purchased a new stake in Target during the third quarter valued at about $28,000. Wolff Wiese Magana LLC boosted its holdings in 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 acquiring an additional 133 shares during the period. FSA Wealth Management LLC bought a new position in Target during the 3rd quarter worth approximately $36,000. Catalyst Capital Advisors LLC purchased a new position in Target in the 3rd quarter worth approximately $38,000. Finally, Reston Wealth Management LLC bought a new stake in Target in the third quarter valued at approximately $41,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TGT shares. Guggenheim decreased their target price on shares of Target from $180.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. Oppenheimer reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Target in a research note on Monday, November 25th. 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 note on Thursday, November 21st. Daiwa America lowered Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $195.00 price objective on shares of Target in a research report on Wednesday, November 20th. One equities 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.com, Target presently has an average rating of “Hold” and a consensus price target of $160.57.

Check Out Our Latest Stock Report on Target

Target Price Performance

Shares of Target stock opened at $138.89 on Tuesday. The stock has a market cap of $63.64 billion, a P/E ratio of 14.73, a P/E/G ratio of 2.21 and a beta of 1.16. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The stock’s fifty day moving average is $137.36 and its 200 day moving average is $145.47. Target Co. has a one year low of $120.21 and a one year high of $181.86.

Target (NYSE:TGTGet Free Report) last posted its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share 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 company had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. During the same period in the previous year, the firm earned $2.10 earnings per share. The firm’s quarterly revenue was up .9% on a year-over-year basis. Sell-side analysts anticipate that Target Co. will post 8.6 earnings per share for the current year.

Target Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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