Sowell Financial Services LLC cut its holdings in Target Co. (NYSE:TGT) by 3.1% in the fourth quarter, HoldingsChannel reports. The firm owned 21,718 shares of the retailer’s stock after selling 692 shares during the period. Sowell Financial Services LLC’s holdings in Target were worth $3,834,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. MML Investors Services LLC boosted its holdings in Target by 7.1% in the third quarter. MML Investors Services LLC now owns 41,273 shares of the retailer’s stock worth $6,497,000 after purchasing an additional 2,729 shares in the last quarter. National Asset Management Inc. boosted its holdings in Target by 11.4% in the third quarter. National Asset Management Inc. now owns 20,355 shares of the retailer’s stock worth $3,205,000 after purchasing an additional 2,085 shares in the last quarter. Wimmer Associates 1 LLC boosted its holdings in Target by 28.0% in the third quarter. Wimmer Associates 1 LLC now owns 8,086 shares of the retailer’s stock worth $1,273,000 after purchasing an additional 1,770 shares in the last quarter. Perennial Investment Advisors LLC bought a new stake in Target during the third quarter valued at about $238,000. Finally, BFT Financial Group LLC bought a new stake in Target during the third quarter valued at about $252,000. Hedge funds and other institutional investors own 80.87% of the company’s stock.

In other news, CAO Robert M. Harrison sold 1,220 shares of the firm’s stock in a transaction that occurred on Thursday, November 19th. The shares were sold at an average price of $169.50, for a total transaction of $206,790.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.52% of the company’s stock.

NYSE:TGT opened at $196.82 on Thursday. Target Co. has a 12-month low of $90.17 and a 12-month high of $199.96. The company has a quick ratio of 0.55, a current ratio of 1.11 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $98.56 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 3.16 and a beta of 0.85. The firm has a 50-day moving average price of $177.95 and a 200 day moving average price of $153.66.

Target (NYSE:TGT) last posted its quarterly earnings results on Tuesday, November 17th. The retailer reported $2.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $1.19. The firm had revenue of $22.63 billion during the quarter, compared to analyst estimates of $20.91 billion. Target had a net margin of 4.16% and a return on equity of 30.25%. During the same quarter in the prior year, the business posted $1.36 earnings per share. On average, research analysts expect that Target Co. will post 7.18 EPS for the current year.

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Target in a report on Thursday, October 8th. They set a “buy” rating for the company. BidaskClub cut shares of Target from a “buy” rating to a “hold” rating in a report on Thursday, December 31st. ValuEngine cut shares of Target from a “hold” rating to a “sell” rating in a report on Tuesday, December 8th. Jefferies Financial Group assumed coverage on shares of Target in a report on Friday, October 16th. They set a “hold” rating and a $180.00 price target for the company. Finally, Telsey Advisory Group restated an “outperform” rating and set a $175.00 price target on shares of Target in a report on Wednesday, November 18th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have assigned a buy rating and three have assigned a strong buy rating to the stock. Target has an average rating of “Buy” and a consensus target price of $149.77.

Target Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise; beauty and household essentials; The company also provides in-store amenities, such as Target Café, Target Optical, Starbucks, and other food service offerings.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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