Versant Capital Management Inc Sells 109 Shares of Target Co. (NYSE:TGT)

Versant Capital Management Inc trimmed its stake in Target Co. (NYSE:TGT) by 12.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 747 shares of the retailer’s stock after selling 109 shares during the period. Versant Capital Management Inc’s holdings in Target were worth $101,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TGT. DGS Capital Management LLC grew its stake in Target by 38.7% in the third quarter. DGS Capital Management LLC now owns 2,193 shares of the retailer’s stock valued at $342,000 after purchasing an additional 612 shares during the last quarter. Copley Financial Group Inc. bought a new stake in shares of Target in the 3rd quarter valued at about $249,000. Logan Capital Management Inc. grew its position in shares of Target by 7.1% in the 3rd quarter. Logan Capital Management Inc. now owns 53,737 shares of the retailer’s stock worth $8,375,000 after buying an additional 3,549 shares during the last quarter. Fidelity D & D Bancorp Inc. bought a new position in shares of Target during the 3rd quarter worth approximately $208,000. Finally, Inspire Trust Co. N.A. lifted its position in Target by 28.4% during the third quarter. Inspire Trust Co. N.A. now owns 43,639 shares of the retailer’s stock valued at $6,802,000 after acquiring an additional 9,652 shares during the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on TGT shares. Wells Fargo & Company reduced their price target on Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Citigroup lowered Target from a “buy” rating to a “neutral” rating and reduced their target price for the company from $188.00 to $130.00 in a research report on Wednesday, November 20th. Melius Research assumed coverage on Target in a report on Monday, September 23rd. They issued a “buy” rating and a $180.00 price target for the company. Daiwa Capital Markets downgraded shares of Target from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $170.00 to $130.00 in a report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $160.57.

Target Trading Down 1.0 %

Shares of NYSE:TGT opened at $135.79 on Friday. The business’s 50 day moving average price is $138.59 and its 200-day moving average price is $145.74. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The firm has a market capitalization of $62.22 billion, a price-to-earnings ratio of 14.40, a price-to-earnings-growth ratio of 2.23 and a beta of 1.17. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

Target (NYSE:TGT) last announced its earnings results 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). Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. During the same quarter last year, the business earned $2.10 EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities research analysts forecast that Target Co. will post 8.6 earnings per share 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.