Fragasso Financial Advisors Inc boosted its holdings in Target Co. (NYSE:TGT – Free Report) by 19.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,653 shares of the retailer’s stock after buying an additional 3,232 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in Target were worth $2,657,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the business. CHICAGO TRUST Co NA boosted its stake in shares of Target by 20.8% during the fourth quarter. CHICAGO TRUST Co NA now owns 6,278 shares of the retailer’s stock valued at $849,000 after purchasing an additional 1,083 shares in the last quarter. Brookstone Capital Management boosted its stake in shares of Target by 4.7% during the fourth quarter. Brookstone Capital Management now owns 15,734 shares of the retailer’s stock valued at $2,127,000 after purchasing an additional 713 shares in the last quarter. City State Bank boosted its stake in shares of Target by 120.7% during the fourth quarter. City State Bank now owns 812 shares of the retailer’s stock valued at $110,000 after purchasing an additional 444 shares in the last quarter. Fiduciary Alliance LLC acquired a new stake in shares of Target during the fourth quarter valued at about $585,000. Finally, Aprio Wealth Management LLC boosted its stake in shares of Target by 26.2% during the fourth quarter. Aprio Wealth Management LLC now owns 1,980 shares of the retailer’s stock valued at $268,000 after purchasing an additional 411 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.
Target Stock Performance
TGT stock traded down $2.40 during midday trading on Monday, hitting $139.22. The company’s stock had a trading volume of 2,159,354 shares, compared to its average volume of 4,302,983. The stock’s 50-day moving average price is $137.58 and its 200 day moving average price is $145.53. The company has a quick ratio of 0.25, a current ratio of 0.94 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 stock has a market cap of $63.79 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 2.21 and a beta of 1.17.
Analyst Ratings Changes
A number of analysts have recently commented on TGT shares. Citigroup lowered 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 note on Wednesday, November 20th. HSBC downgraded Target from a “buy” rating to a “hold” rating and set a $138.00 price objective for the company. in a research report on Wednesday, November 20th. Melius Research began coverage on Target in a research report on Monday, September 23rd. They set a “buy” rating and a $180.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Finally, Stifel Nicolaus raised their price objective on Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. One 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. According to MarketBeat, Target currently has an average rating of “Hold” and a consensus price target of $160.57.
Get Our Latest Research Report on Target
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.
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