Fulton Bank N.A. Trims Position in Target Co. (NYSE:TGT)

Fulton Bank N.A. trimmed its position in Target Co. (NYSE:TGT) by 13.6% during the 4th quarter, HoldingsChannel reports. The firm owned 29,974 shares of the retailer’s stock after selling 4,711 shares during the period. Fulton Bank N.A.’s holdings in Target were worth $4,052,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legacy Investment Solutions LLC bought a new position in shares of Target in the 3rd quarter worth approximately $28,000. Wolff Wiese Magana LLC increased its holdings in Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after buying an additional 133 shares during the last quarter. FSA Wealth Management LLC bought a new position in Target in the third quarter worth approximately $36,000. Catalyst Capital Advisors LLC purchased a new position in shares of Target during the 3rd quarter worth $38,000. Finally, Reston Wealth Management LLC purchased a new position in shares of Target during the 3rd quarter worth $41,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Trading Down 1.1 %

Shares of TGT traded down $1.56 during trading hours on Wednesday, reaching $137.69. 2,111,015 shares of the company traded hands, compared to its average volume of 3,900,248. The stock’s fifty day moving average price is $138.21 and its 200 day moving average price is $145.71. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The firm has a market cap of $63.09 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 2.23 and a beta of 1.16. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The company had revenue of $25.23 billion for 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 business’s revenue was up .9% compared to the same quarter last year. During the same period last year, the business posted $2.10 earnings per share. Sell-side analysts forecast that Target Co. will post 8.6 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TGT. Wells Fargo & Company decreased their target price on Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Oppenheimer reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Target in a research report on Monday, November 25th. JPMorgan Chase & Co. reduced their target price on shares of Target from $167.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. BMO Capital Markets lowered their price target on shares of Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a report on Thursday, November 21st. Finally, TD Cowen reduced their price objective on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.