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

Canandaigua National Bank & Trust Co. lowered its stake in shares of Target Co. (NYSE:TGT) by 18.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Cynosure Group LLC increased its position in shares of Target by 4.3% in the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after purchasing an additional 65 shares during the last quarter. Financial Advocates Investment Management increased its holdings in Target by 1.2% in the third quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock valued at $894,000 after buying an additional 67 shares during the last quarter. Hancock Whitney Corp lifted its holdings in Target by 3.3% during the 3rd quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock worth $336,000 after buying an additional 68 shares during the last quarter. Trust Co. of Vermont lifted its holdings in Target by 0.4% during the 3rd quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer’s stock worth $2,444,000 after buying an additional 69 shares during the last quarter. Finally, Eagle Bluffs Wealth Management LLC increased its holdings in shares of Target by 1.1% in the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock valued at $1,063,000 after acquiring an additional 73 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Trading Up 2.4 %

Shares of Target stock traded up $3.29 during trading on Monday, hitting $139.08. The stock had a trading volume of 4,903,767 shares, compared to its average volume of 4,126,281. 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 market capitalization of $63.73 billion, a PE ratio of 14.75, a P/E/G ratio of 2.23 and a beta of 1.16. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The stock has a 50 day simple moving average of $138.59 and a 200 day simple moving average of $145.79.

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 firm had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. During the same period last year, the firm earned $2.10 earnings per share. Target’s revenue for the quarter was up .9% compared to the same quarter last year. On average, research analysts expect that Target Co. will post 8.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TGT. StockNews.com cut Target from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Oppenheimer reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Target in a research report on Monday, November 25th. Guggenheim cut their target price on shares of Target from $180.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. BMO Capital Markets lowered their target price on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. cut their price target on Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $160.57.

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.