12 hours Ago By Defense World Staff
Vanguard Personalized Indexing Management LLC boosted its stake in Target Co. ( NYSE:TGT – Free Report ) by 8.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The institutional investor owned 48,982 shares of the retailer’s stock after acquiring an additional 3,694 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Target were worth $7,241,000 at the end of the most recent reporting period. A number of other hedge funds have also added to or reduced their stakes in TGT.
Little House Capital LLC purchased a new position in shares of Target during the first quarter valued at about $1,041,000. Nordea Investment Management AB grew its holdings in shares of Target by 23.6% during the 1st quarter.
Nordea Investment Management AB now owns 642,340 shares of the retailer’s stock worth $112,686,000 after acquiring an additional 122,706 shares during the period. QRG Capital Management Inc. raised its position in shares of Target by 11.
4% in the 1st quarter. QRG Capital Management Inc. now owns 65,558 shares of the retailer’s stock worth $11,618,000 after acquiring an additional 6,690 shares in the last quarter.
Janney Capital Management LLC purchased a new position in shares of Target in the 1st quarter valued at approximately $13,958,000. Finally, United Services Automobile Association boosted its position in shares of Target by 134.6% during the fourth quarter.
United Services Automobile Association now owns 103,785 shares of the retailer’s stock valued at $14,781,000 after purchasing an additional 59,553 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth A number of research firms have issued reports on TGT. Piper Sandler assumed coverage on Target in a report on Wednesday, July 10th. They issued a “neutral” rating and a $156.
00 price objective for the company. UBS Group lifted their price target on shares of Target from $185.00 to $200.
00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Roth Mkm upped their price objective on shares of Target from $153.00 to $157.
00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Stifel Nicolaus lifted their target price on shares of Target from $147.00 to $165.
00 and gave the company a “hold” rating in a report on Thursday, August 22nd. Finally, Telsey Advisory Group boosted their price target on Target from $190.00 to $195.
00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $179.
68. Target Price Performance NYSE TGT opened at $153.57 on Thursday.
The company has a current ratio of 0.90, a quick ratio of 0.27 and a debt-to-equity ratio of 0.
95. Target Co. has a 12 month low of $102.
93 and a 12 month high of $181.86. The stock has a market cap of $71.
05 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.90 and a beta of 1.
24. The company’s 50 day moving average is $148.34 and its two-hundred day moving average is $155.
03. Target ( NYSE:TGT – Get Free Report ) last announced its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.
57 EPS for the quarter, beating the consensus estimate of $2.18 by $0.39.
The firm had revenue of $25.02 billion for the quarter, compared to the consensus estimate of $25.19 billion.
Target had a net margin of 4.18% and a return on equity of 33.10%.
The company’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm earned $1.
80 EPS. As a group, research analysts anticipate that Target Co. will post 9.
53 earnings per share for the current year. Insider Activity In related news, CAO Matthew A. Liegel sold 1,000 shares of the stock in a transaction dated Friday, August 30th.
The stock was sold at an average price of $153.13, for a total transaction of $153,130.00.
Following the completion of the sale, the chief accounting officer now owns 7,276 shares in the company, valued at $1,114,173.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website .
In related news, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $158.
67, for a total transaction of $7,140,150.00. Following the completion of the transaction, the insider now owns 303,843 shares in the company, valued at $48,210,768.
81. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink . Also, CAO Matthew A.
Liegel sold 1,000 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $153.13, for a total transaction of $153,130.
00. Following the transaction, the chief accounting officer now directly owns 7,276 shares of the company’s stock, valued at $1,114,173.88.
The disclosure for this sale can be found here . Company insiders own 0.23% of the company’s stock.
Target Profile ( Free Report ) 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. Featured Stories Five stocks we like better than Target How to Invest in Blue Chip Stocks How Much Can You Make in Stocks in One Month? Stock Trading Terms – Stock Terms Every Investor Needs to Know This Is the Top Large-Cap Stock Insiders Are Buying What Is WallStreetBets and What Stocks Are They Targeting? Capitalize on Micron’s 24% Drop—Wall Street Eyes Major Upside Want to see what other hedge funds are holding TGT? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Target Co. ( NYSE:TGT – Free Report ). Receive News & Ratings for Target Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target and related companies with MarketBeat.
com's FREE daily email newsletter ..
