Tealwood Asset Management Inc. Acquires 1,403 Shares of Target Co. (NYSE:TGT)

Tealwood Asset Management Inc. increased its holdings in Target Co. (NYSE:TGT) by 39.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,978 shares of the retailer’s stock after purchasing an additional 1,403 shares during the quarter. Tealwood Asset Management Inc.’s holdings in Target were worth $673,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TGT. Parallel Advisors LLC grew its stake in shares of Target by 3.1% in the 2nd quarter. Parallel Advisors LLC now owns 11,742 shares of the retailer’s stock valued at $1,738,000 after buying an additional 352 shares during the period. Thoroughbred Financial Services LLC raised its position in Target by 186.1% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 6,889 shares of the retailer’s stock valued at $1,019,000 after buying an additional 4,481 shares during the last quarter. J.W. Cole Advisors Inc. boosted its holdings in Target by 7.8% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 9,067 shares of the retailer’s stock worth $1,342,000 after acquiring an additional 657 shares during the last quarter. Prime Capital Investment Advisors LLC grew its stake in shares of Target by 16.2% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 22,547 shares of the retailer’s stock worth $3,338,000 after acquiring an additional 3,142 shares in the last quarter. Finally, Abound Wealth Management lifted its position in shares of Target by 97.4% during the second quarter. Abound Wealth Management now owns 381 shares of the retailer’s stock valued at $56,000 after purchasing an additional 188 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Trading Down 1.9 %

Shares of TGT stock opened at $138.89 on Tuesday. The business has a 50-day moving average price of $137.36 and a two-hundred day moving average price of $145.47. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86. 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 firm has a market cap 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 (NYSE:TGT) last released its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter in the previous year, the firm earned $2.10 EPS. The business’s quarterly revenue was up .9% compared to the same quarter last year. Equities analysts anticipate that Target Co. will post 8.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TGT has been the subject of several analyst reports. Bank of America decreased their price objective on shares of Target from $195.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Guggenheim reduced their price objective on Target from $180.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Sanford C. Bernstein began coverage on Target in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 target price on the stock. HSBC cut shares of Target from a “buy” rating to a “hold” rating and set a $138.00 target price on the stock. in a research note on Wednesday, November 20th. Finally, Wells Fargo & Company cut their price target on Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. One 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. Based on data from MarketBeat.com, the stock presently 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.