LVM Capital Management Ltd. MI Takes $595,000 Position in Target Co. (NYSE:TGT)

LVM Capital Management Ltd. MI purchased a new stake in shares of Target Co. (NYSE:TGT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,404 shares of the retailer’s stock, valued at approximately $595,000.

Other large investors have also added to or reduced their stakes in the company. State Street Corp grew its stake in shares of Target by 8.3% in the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after buying an additional 2,732,801 shares in the last quarter. International Assets Investment Management LLC grew its position in Target by 9,940.6% in the third quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock worth $311,937,000 after acquiring an additional 1,981,458 shares in the last quarter. Two Sigma Advisers LP increased its stake in Target by 173.2% during the third quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock worth $369,295,000 after acquiring an additional 1,502,200 shares during the last quarter. FMR LLC raised its position in Target by 11.7% during the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after purchasing an additional 1,046,044 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of Target by 711.2% in the 2nd quarter. AQR Capital Management LLC now owns 876,531 shares of the retailer’s stock valued at $129,762,000 after purchasing an additional 768,479 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Stifel Nicolaus increased their price target on Target from $137.00 to $145.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Daiwa America lowered shares of Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. StockNews.com lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. TD Cowen dropped their target price on Target from $165.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Finally, Bank of America decreased their price target on Target from $195.00 to $160.00 and set a “buy” 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 assigned a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Target presently has an average rating of “Hold” and a consensus price target of $160.57.

Target Stock Performance

Shares of TGT traded up $4.16 during trading hours on Friday, reaching $142.38. 3,125,131 shares of the company traded hands, compared to its average volume of 4,179,813. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The business has a fifty day moving average price of $137.77 and a 200-day moving average price of $145.60. The stock has a market capitalization of $65.24 billion, a P/E ratio of 15.10, a P/E/G 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). Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. During the same quarter in the prior year, the company earned $2.10 EPS. Target’s quarterly revenue was up .9% on a year-over-year basis. Equities analysts anticipate that Target Co. will post 8.6 EPS for the current fiscal year.

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.