Target Co. (NYSE:TGT) Shares Sold by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. reduced its stake in shares of Target Co. (NYSE:TGT) by 18.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,187 shares of the retailer’s stock after selling 3,306 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Target were worth $1,918,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new stake in shares of Target in the 3rd quarter valued at about $28,000. Wolff Wiese Magana LLC lifted its stake in Target by 156.5% in 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 acquired a new stake in shares of Target in the third quarter valued at approximately $36,000. Catalyst Capital Advisors LLC purchased a new stake in Target in the 3rd quarter valued at $38,000. Finally, Reston Wealth Management LLC purchased a new position in shares of Target during the third quarter worth about $41,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Stock Up 2.4 %

Target stock traded up $3.29 during trading on Monday, reaching $139.08. 4,903,767 shares of the company’s stock were exchanged, compared to its average volume of 4,126,281. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86. The firm has a market cap of $63.73 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 2.23 and a beta of 1.16. The company’s 50-day moving average is $138.59 and its two-hundred day moving average is $145.79.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.45). The firm had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm’s revenue was up .9% compared to the same quarter last year. During the same period last year, the business earned $2.10 EPS. On average, analysts predict that Target Co. will post 8.6 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on TGT. Deutsche Bank Aktiengesellschaft cut Target from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $184.00 to $108.00 in a research report on Wednesday, November 20th. Melius Research started coverage on shares of Target in a research report on Monday, September 23rd. They issued a “buy” rating and a $180.00 price objective on the stock. HSBC downgraded shares of 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. Stifel Nicolaus boosted their target price on Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Finally, Citigroup downgraded Target from a “buy” rating to a “neutral” rating and decreased their price target for the company from $188.00 to $130.00 in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $160.57.

Target Company 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.