12 hours Ago By ABMN Staff
Waterloo Capital L.P. raised its position in Target Co.
( NYSE:TGT – Free Report ) by 22.5% in the 2nd quarter, Holdings Channel.com reports.
The firm owned 7,551 shares of the retailer’s stock after buying 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 large investors have also recently bought and sold shares of the company. Little House Capital LLC acquired a new stake in shares of Target in the first quarter valued at about $1,041,000.
Nordea Investment Management AB increased its stake in shares of Target by 23.6% in the first quarter. Nordea Investment Management AB now owns 642,340 shares of the retailer’s stock valued at $112,686,000 after buying an additional 122,706 shares during the period.
QRG Capital Management Inc. increased its stake in shares of Target by 11.4% in the first quarter.
QRG Capital Management Inc. now owns 65,558 shares of the retailer’s stock valued at $11,618,000 after buying an additional 6,690 shares during the period. Janney Capital Management LLC acquired a new stake in shares of Target in the first quarter valued at about $13,958,000.
Finally, United Services Automobile Association increased its stake in shares of Target by 134.6% in the fourth quarter. United Services Automobile Association now owns 103,785 shares of the retailer’s stock valued at $14,781,000 after buying an additional 59,553 shares during the period.
79.73% of the stock is currently owned by institutional investors. Wall Street Analysts Forecast Growth Several brokerages have recently weighed in on TGT.
JPMorgan Chase & Co. increased their price target on Target from $153.00 to $167.
00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Jefferies Financial Group increased their price target on Target from $190.00 to $195.
00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Telsey Advisory Group increased their price target on Target from $190.00 to $195.
00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Roth Mkm raised their target price on Target from $153.00 to $157.
00 and gave the stock a “neutral” rating in a research note on Thursday, August 22nd. Finally, UBS Group raised their target price on Target from $185.00 to $200.
00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of $179.
68. Insider Buying and Selling In related news, insider Brian C. Cornell sold 45,000 shares of Target 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 sale, the insider now directly owns 303,843 shares in the company, valued at $48,210,768.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink .
In related news, CAO Matthew A. Liegel sold 1,000 shares of Target 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 sale, the chief accounting officer now directly owns 7,276 shares in the company, valued at $1,114,173.
88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink . Also, insider Brian C.
Cornell sold 45,000 shares of Target stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total value of $7,140,150.
00. Following the sale, the insider now owns 303,843 shares in the company, valued at $48,210,768.81.
The disclosure for this sale can be found here . 0.23% of the stock is currently owned by corporate insiders.
Target Stock Up 1.1 % TGT stock opened at $153.57 on Thursday.
Target Co. has a twelve month low of $102.93 and a twelve month high of $181.
86. The company has a quick ratio of 0.27, a current ratio of 0.
90 and a debt-to-equity ratio of 0.95. The stock’s 50 day moving average is $148.
34 and its 200-day moving average is $155.03. The firm has a market capitalization of $71.
05 billion, a PE ratio of 17.24, a P/E/G ratio of 1.90 and a beta of 1.
24. Target ( NYSE:TGT – Get Free Report ) last posted its earnings results on Wednesday, August 21st. The retailer reported $2.
57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.39.
Target had a return on equity of 33.10% and a net margin of 4.18%.
The company had revenue of $25.02 billion for the quarter, compared to analyst estimates of $25.19 billion.
During the same quarter last year, the company earned $1.80 earnings per share. The company’s revenue for the quarter was up 1.
0% on a year-over-year basis. Sell-side analysts expect that Target Co. will post 9.
53 EPS for the current fiscal year. 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 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 ).
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