Tealwood Asset Management Inc. Raises Holdings in Target Co. (NYSE:TGT)

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Legacy Investment Solutions LLC purchased a new position in shares of Target in the third quarter worth $28,000. Wolff Wiese Magana LLC increased its position in shares of 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 acquiring an additional 133 shares during the period. FSA Wealth Management LLC purchased a new position in shares of Target in the third quarter valued at about $36,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Target during the third quarter worth about $38,000. Finally, Reston Wealth Management LLC bought a new stake in shares of Target in the third quarter worth about $41,000. Institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TGT. Hsbc Global Res cut Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. Guggenheim dropped their target price on shares of Target from $180.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. JPMorgan Chase & Co. reduced their price target on shares of Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Bank of America cut their price objective on Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Finally, BMO Capital Markets decreased their target price on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $160.57.

Target Stock Performance

Shares of TGT stock opened at $138.89 on Tuesday. 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 company has a 50 day moving average price of $137.36 and a 200-day moving average price of $145.47. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86. The firm has a market capitalization of $63.64 billion, a PE ratio of 14.73, a P/E/G ratio of 2.21 and a beta of 1.16.

Target (NYSE:TGT) last posted 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 during the quarter, compared to the consensus estimate of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the firm posted $2.10 EPS. As a group, equities research analysts expect that Target Co. will post 8.6 earnings per share for the current year.

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.