Target Corp (NYSE:TGT).
Raymond James & Associates reports that it lowered its position in Target Corp stock by 0.4% in the last quarter. Its position was worth $63,290,000 an increase of $6,969,000 as of the end of the quarter.
Several firms have shifted positions in (TGT). As of quarter end Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had bought a total of 3,431 shares growing its stake by 8.4%. The value in dollars increased from $2,143,000 to $2,621,000 increasing 22.3% for the reporting period. Tredje Ap-fonden cut its stake by shedding 6,910 shares a decrease of 8.3% in the quarter. Tredje Ap-fonden owns 75,986 shares with a value of $4,484,000. The total value of its holdings increased 3.4%.
As of the end of the quarter Baird Financial Group, Inc. had acquired 11,908 shares growing its holdings by 1.7%. The value of the investment in TGT went from $37,503,000 to $43,025,000 a change of $5,522,000 quarter over quarter.
Wells Fargo & Company updated guidance on TGT by announcing an initial rating of “Market Perform”. On October 18 analysts at Stifel Nicolaus updated coverage of TGT with a rating of “Hold” and a price target of $60.00.
On October 18, 2017 MKM Partners updated its forecast on TGT giving it an initial rating of “Buy”. On September 14, 2017 BMO Capital Markets reiterated a “Market Weight” rating on the company.
August 25 investment analysts at Jefferies Group LLC reiterated a “Hold” rating on the stock. August 18 investment analysts at BMO Capital Markets maintained a company rating of “Market Perform” projecting a price of $67.00.
The company is trading down by 8.42% percent from yesterday’s close. Target Corp currently has a P/E ratio of 11.12 and the market cap of the company is 30.06B. In the latest earnings report the EPS was $4.95 with 543.91M shares currently outstanding.
Short traders are more bearish on Target Corp recently if you look at the motion in short interest. The firm had a rise in short interest of 3.55% as of October 13, 2017 from the last reporting period. Short interest increased 1,976,155 over that timeframe. Days to cover decreased -2.0 to 10.0 and the short interest percentage is 0.11% as of October 13.