Rosenberg Matthew Hamilton Trims Position in Target Co. (NYSE:TGT)

Rosenberg Matthew Hamilton trimmed its position in Target Co. (NYSE:TGT) by 28.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,982 shares of the retailer’s stock after selling 805 shares during the period. Rosenberg Matthew Hamilton’s holdings in Target were worth $268,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new stake in Target during the third quarter valued at approximately $28,000. Wolff Wiese Magana LLC increased its stake in shares of Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after purchasing an additional 133 shares in the last quarter. FSA Wealth Management LLC bought a new position in Target in the 3rd quarter worth $36,000. Catalyst Capital Advisors LLC purchased a new position in Target during the third quarter valued at $38,000. Finally, First Financial Corp IN grew its holdings in Target by 330.8% during the fourth quarter. First Financial Corp IN now owns 280 shares of the retailer’s stock valued at $38,000 after purchasing an additional 215 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Target Stock Performance

Target stock opened at $138.89 on Tuesday. 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 firm has a market capitalization of $63.64 billion, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 2.21 and a beta of 1.16. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86. The company’s 50-day moving average is $137.36 and its 200 day moving average is $145.47.

Target (NYSE:TGT) last issued 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). The business had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.10 earnings per share. Research analysts forecast that Target Co. will post 8.6 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TGT. Oppenheimer reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Target in a research note on Monday, November 25th. Melius Research began coverage on shares of Target in a report on Monday, September 23rd. They set a “buy” rating and a $180.00 price target on the stock. Daiwa Capital Markets lowered shares of Target from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $170.00 to $130.00 in a research report on Tuesday, November 26th. Hsbc Global Res downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Citigroup downgraded shares of Target from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $188.00 to $130.00 in a 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 issued a buy rating to the company. Based on data from MarketBeat.com, Target currently has an average rating of “Hold” and an average price target of $160.57.

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.