Target Co. (NYSE:TGT) Shares Sold by M&R Capital Management Inc.

M&R Capital Management Inc. cut its holdings in shares of Target Co. (NYSE:TGT) by 79.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 905 shares of the retailer’s stock after selling 3,404 shares during the period. M&R Capital Management Inc.’s holdings in Target were worth $119,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in TGT. Financial Connections Group Inc. purchased a new stake in shares of Target in the 4th quarter valued at approximately $28,000. Penserra Capital Management LLC purchased a new stake in shares of Target in the 4th quarter valued at approximately $35,000. Ritter Daniher Financial Advisory LLC DE purchased a new stake in shares of Target in the 1st quarter valued at approximately $37,000. Centerpoint Advisors LLC lifted its position in shares of Target by 12,050.0% in the 1st quarter. Centerpoint Advisors LLC now owns 243 shares of the retailer’s stock valued at $40,000 after acquiring an additional 241 shares in the last quarter. Finally, Heritage Wealth Management LLC lifted its position in shares of Target by 511.3% in the 4th quarter. Heritage Wealth Management LLC now owns 324 shares of the retailer’s stock valued at $48,000 after acquiring an additional 271 shares in the last quarter. Hedge funds and other institutional investors own 78.33% of the company’s stock.

Target Stock Performance

NYSE:TGT traded up $0.98 during midday trading on Thursday, reaching $123.91. The stock had a trading volume of 782,990 shares, compared to its average volume of 4,369,057. Target Co. has a 1-year low of $120.75 and a 1-year high of $181.70. The firm’s fifty day simple moving average is $129.35 and its 200-day simple moving average is $143.68. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.83 and a quick ratio of 0.18. The stock has a market capitalization of $57.20 billion, a P/E ratio of 16.89, a PEG ratio of 1.16 and a beta of 1.01.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 16th. The retailer reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.39. Target had a net margin of 3.12% and a return on equity of 29.43%. The firm had revenue of $24.77 billion during the quarter, compared to the consensus estimate of $25.18 billion. During the same period in the prior year, the firm earned $0.39 EPS. The business’s revenue was down 4.9% on a year-over-year basis. On average, equities research analysts forecast that Target Co. will post 7.6 EPS for the current fiscal year.

Insider Buying and Selling at Target

In other Target news, insider Brian C. Cornell sold 30,000 shares of the stock in a transaction on Friday, August 18th. The shares were sold at an average price of $130.70, for a total value of $3,921,000.00. Following the completion of the sale, the insider now directly owns 399,669 shares of the company’s stock, valued at approximately $52,236,738.30. The sale was disclosed in a legal 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 brokerages recently commented on TGT. BMO Capital Markets reduced their price target on shares of Target from $140.00 to $130.00 and set a “market perform” rating for the company in a research report on Thursday, August 17th. DA Davidson reiterated a “buy” rating and issued a $193.00 price objective on shares of Target in a research note on Wednesday, August 16th. TD Cowen dropped their price objective on shares of Target from $165.00 to $161.00 and set an “outperform” rating on the stock in a research note on Thursday, August 17th. Evercore ISI upped their price objective on shares of Target from $140.00 to $142.00 and gave the company an “in-line” rating in a research note on Friday, September 8th. Finally, The Goldman Sachs Group dropped their price objective on shares of Target from $185.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, August 17th. Eighteen analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Target currently has a consensus rating of “Hold” and a consensus target price of $159.21.

Target Company 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.