12 hours Ago By Defense World Staff
Waterloo Capital L.P. increased its holdings in shares of Target Co.
( NYSE:TGT – Free Report ) by 22.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,551 shares of the retailer’s stock after purchasing an additional 1,388 shares during the period.
Waterloo Capital L.P.’s holdings in Target were worth $1,118,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Boston Partners acquired a new position in shares of Target during the 1st quarter worth approximately $335,870,000. Focused Investors Fund L P acquired a new position in shares of Target during the 1st quarter worth approximately $125,536,000.
Swedbank AB acquired a new position in shares of Target during the 1st quarter worth approximately $107,367,000. Los Angeles Capital Management LLC increased its position in shares of Target by 44.6% during the 1st quarter.
Los Angeles Capital Management LLC now owns 1,765,496 shares of the retailer’s stock worth $312,864,000 after purchasing an additional 544,920 shares during the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of Target by 17.5% during the 1st quarter.
Clearbridge Investments LLC now owns 3,153,875 shares of the retailer’s stock worth $558,898,000 after purchasing an additional 470,647 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.
Target Stock Performance NYSE:TGT opened at $153.57 on Thursday. The stock has a fifty day moving average price of $148.
34 and a 200-day moving average price of $155.03. The company 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 has a debt-to-equity ratio of 0.95, a quick ratio of 0.
27 and a current ratio of 0.90. Target Co.
has a fifty-two week low of $102.93 and a fifty-two week high of $181.86.
Wall Street Analysts Forecast Growth Several research firms have weighed in on TGT. Piper Sandler began coverage on Target in a research report on Wednesday, July 10th. They set a “neutral” rating and a $156.
00 price target on the stock. Morgan Stanley reissued an “overweight” rating and set a $180.00 target price on shares of Target in a report on Wednesday, August 21st.
Evercore ISI boosted their target price on Target from $158.00 to $160.00 and gave the stock an “inline” rating in a report on Thursday, August 22nd.
StockNews.com raised Target from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 22nd. Finally, TD Cowen boosted their target price on Target from $165.
00 to $180.00 and gave the stock a “hold” rating in a report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company.
According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.68.
Read Our Latest Stock Report on TGT Insider Buying and Selling In related news, CAO Matthew A. Liegel sold 1,000 shares of the company’s stock in a transaction on 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 directly owns 7,276 shares in the company, valued at approximately $1,114,173.
88. The sale was disclosed in a filing with the SEC, which is available through this link . In related news, insider Brian C.
Cornell sold 45,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total transaction of $7,140,150.
00. Following the completion of the sale, the insider now directly owns 303,843 shares in the company, valued at approximately $48,210,768.81.
The sale was disclosed in a filing with the SEC, which is available through this link . Also, CAO Matthew A. Liegel sold 1,000 shares of the stock in a transaction dated Friday, August 30th.
The shares were sold at an average price of $153.13, for a total value of $153,130.00.
Following the completion of the transaction, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at $1,114,173.88. The disclosure for this sale can be found here .
0.23% of the stock is owned by corporate insiders. 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. See Also Five stocks we like better than Target 3 Grocery Stocks That Are Proving They Are Still Essential How Much Can You Make in Stocks in One Month? What is Forex and How Does it Work? This Is the Top Large-Cap Stock Insiders Are Buying The How and Why of Investing in Gold Stocks Capitalize on Micron’s 24% Drop—Wall Street Eyes Major Upside 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 .
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