Fulton Bank N.A. Sells 4,711 Shares of Target Co. (NYSE:TGT)

Fulton Bank N.A. trimmed its stake in shares of Target Co. (NYSE:TGT) by 13.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 29,974 shares of the retailer’s stock after selling 4,711 shares during the quarter. Fulton Bank N.A.’s holdings in Target were worth $4,052,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TGT. Legacy Investment Solutions LLC bought a new stake in Target during the third quarter valued at $28,000. Wolff Wiese Magana LLC grew its holdings in shares of Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after purchasing an additional 133 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in Target in the third quarter valued at approximately $36,000. Catalyst Capital Advisors LLC purchased a new position in Target in the 3rd quarter worth approximately $38,000. Finally, Reston Wealth Management LLC bought a new position in shares of Target in the 3rd quarter worth $41,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Down 1.1 %

TGT stock traded down $1.56 during trading on Wednesday, hitting $137.69. 2,111,015 shares of the stock traded hands, compared to its average volume of 3,900,248. The stock has a market cap of $63.09 billion, a price-to-earnings ratio of 14.60, a price-to-earnings-growth ratio of 2.23 and a beta of 1.16. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The firm’s 50 day moving average is $138.21 and its two-hundred day moving average is $145.71. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). The business had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the business earned $2.10 earnings per share. On average, sell-side analysts anticipate that Target Co. will post 8.6 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Roth Mkm cut their target price on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Piper Sandler cut their price objective on shares of Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Evercore ISI decreased their price objective on Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a report on Thursday, November 21st. Citigroup lowered shares of Target from a “buy” rating to a “neutral” rating and lowered their price target for the company from $188.00 to $130.00 in a report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. decreased their price objective 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. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $160.57.

Target 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.