Curbstone Financial Management Corp Has $1.50 Million Stock Holdings in Target Co. (NYSE:TGT)

Curbstone Financial Management Corp lowered its position in shares of Target Co. (NYSE:TGT) by 3.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,344 shares of the retailer’s stock after selling 350 shares during the quarter. Curbstone Financial Management Corp’s holdings in Target were worth $1,496,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Ritholtz Wealth Management grew its holdings in shares of Target by 22.1% during the first quarter. Ritholtz Wealth Management now owns 6,907 shares of the retailer’s stock worth $1,144,000 after purchasing an additional 1,252 shares during the last quarter. American Trust lifted its position in Target by 14.9% during the 1st quarter. American Trust now owns 22,976 shares of the retailer’s stock worth $3,806,000 after buying an additional 2,971 shares in the last quarter. Hummer Financial Advisory Services Inc acquired a new stake in Target in the 1st quarter valued at about $303,000. Freedom Wealth Alliance LLC bought a new position in shares of Target in the fourth quarter worth about $77,000. Finally, Phocas Financial Corp. lifted its position in shares of Target by 3.2% during the first quarter. Phocas Financial Corp. now owns 4,155 shares of the retailer’s stock worth $688,000 after purchasing an additional 130 shares in the last quarter. 78.33% of the stock is owned by institutional investors.

Insider Buying and Selling at Target

In other news, insider Brian C. Cornell sold 30,000 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $130.70, for a total transaction of $3,921,000.00. Following the transaction, the insider now owns 399,669 shares in the company, valued at $52,236,738.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TGT. Roth Mkm restated a “neutral” rating and issued a $156.00 price objective on shares of Target in a research report on Wednesday, August 16th. Evercore ISI raised their price target on Target from $140.00 to $142.00 and gave the company an “in-line” rating in a report on Friday, September 8th. Stifel Nicolaus dropped their price objective on Target from $175.00 to $160.00 and set a “hold” rating for the company in a report on Monday, August 14th. The Goldman Sachs Group cut their target price on shares of Target from $185.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, August 17th. Finally, Citigroup cut shares of Target from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $177.00 to $130.00 in a research report on Friday, June 9th. Eighteen equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $159.21.

Target Stock Performance

NYSE TGT traded up $0.95 on Thursday, hitting $123.88. 823,103 shares of the stock were exchanged, compared to its average volume of 4,370,379. The business’s fifty day moving average is $129.35 and its 200 day moving average is $143.68. Target Co. has a 52 week low of $120.75 and a 52 week high of $181.70. The company has a market capitalization of $57.18 billion, a PE ratio of 16.89, a P/E/G ratio of 1.16 and a beta of 1.01. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.83 and a quick ratio of 0.18.

Target (NYSE:TGT) last posted its earnings results on Wednesday, August 16th. The retailer reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.39. Target had a return on equity of 29.43% and a net margin of 3.12%. The business had revenue of $24.77 billion for the quarter, compared to analyst estimates of $25.18 billion. During the same period in the previous year, the firm earned $0.39 EPS. The firm’s revenue was down 4.9% compared to the same quarter last year. Research analysts anticipate that Target Co. will post 7.6 EPS for the current fiscal year.

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.