CHICAGO TRUST Co NA Purchases 1,083 Shares of Target Co. (NYSE:TGT)

CHICAGO TRUST Co NA raised its stake in Target Co. (NYSE:TGT) by 20.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,278 shares of the retailer’s stock after acquiring an additional 1,083 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Target were worth $849,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TGT. Quest Partners LLC raised its holdings in Target by 879.9% in the 2nd quarter. Quest Partners LLC now owns 2,097 shares of the retailer’s stock valued at $310,000 after acquiring an additional 1,883 shares in the last quarter. Parallel Advisors LLC increased its holdings in Target by 3.1% in the 2nd quarter. Parallel Advisors LLC now owns 11,742 shares of the retailer’s stock valued at $1,738,000 after buying an additional 352 shares during the period. Thoroughbred Financial Services LLC increased its stake in Target by 186.1% in the second quarter. Thoroughbred Financial Services LLC now owns 6,889 shares of the retailer’s stock valued at $1,019,000 after acquiring an additional 4,481 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in Target by 11.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 102,903 shares of the retailer’s stock valued at $15,234,000 after purchasing an additional 10,869 shares in the last quarter. Finally, J.W. Cole Advisors Inc. lifted its stake in Target by 7.8% during the second quarter. J.W. Cole Advisors Inc. now owns 9,067 shares of the retailer’s stock worth $1,342,000 after purchasing an additional 657 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on TGT shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $195.00 target price on shares of Target in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft lowered Target from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $184.00 to $108.00 in a research report on Wednesday, November 20th. Daiwa Capital Markets cut Target from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $170.00 to $130.00 in a report on Tuesday, November 26th. Daiwa America lowered shares of Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, Roth Mkm reduced their target price on shares of Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $160.57.

Target Price Performance

Shares of TGT traded down $3.64 during mid-day trading on Monday, reaching $137.98. 1,702,116 shares of the stock traded hands, compared to its average volume of 4,231,200. 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 1 year low of $120.21 and a 1 year high of $181.86. The company has a market cap of $63.22 billion, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 2.21 and a beta of 1.17. The firm has a fifty day moving average price of $137.58 and a 200 day moving average price of $145.53.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share 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 business 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 earned $2.10 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. As a group, equities research analysts predict that Target Co. will post 8.6 earnings per share for the current 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.