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

LVM Capital Management Ltd. MI bought a new stake in Target Co. (NYSE:TGT) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 4,404 shares of the retailer’s stock, valued at approximately $595,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in shares of Target during the 3rd quarter worth about $28,000. Wolff Wiese Magana LLC grew its holdings in 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 purchasing an additional 133 shares during the period. FSA Wealth Management LLC purchased a new stake in shares of Target in the third quarter valued at approximately $36,000. Catalyst Capital Advisors LLC acquired a new position in shares of Target during the 3rd quarter worth approximately $38,000. Finally, Reston Wealth Management LLC purchased a new position in shares of Target during the 3rd quarter valued at approximately $41,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Trading Up 3.0 %

Shares of NYSE TGT traded up $4.16 during trading on Friday, reaching $142.38. The stock had a trading volume of 3,125,131 shares, compared to its average volume of 4,179,813. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The company has a market cap of $65.24 billion, a P/E ratio of 15.10, a PEG ratio of 2.23 and a beta of 1.16. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The business’s 50-day moving average price is $137.77 and its 200-day moving average price is $145.60.

Target (NYSE:TGT) last released its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). The firm had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The business’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.10 earnings per share. On average, equities research analysts predict that Target Co. will post 8.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Melius Research began coverage on shares of Target in a research report on Monday, September 23rd. They set a “buy” rating and a $180.00 price objective for the company. Daiwa Capital Markets lowered shares of Target from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $170.00 to $130.00 in a research note on Tuesday, November 26th. 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 price objective for the company. Roth Mkm decreased their target price on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Finally, Citigroup cut Target from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $188.00 to $130.00 in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average 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.