Vigilare Wealth Management lowered its position in shares of Target Co. (NYSE:TGT – Free Report) by 15.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,924 shares of the retailer’s stock after selling 515 shares during the quarter. Vigilare Wealth Management’s holdings in Target were worth $386,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Financial Connections Group Inc. bought a new stake in shares of Target during the 4th quarter worth approximately $28,000. Penserra Capital Management LLC bought a new stake in shares of Target during the 4th quarter worth approximately $35,000. Ritter Daniher Financial Advisory LLC DE bought a new stake in shares of Target during the 1st quarter worth approximately $37,000. Centerpoint Advisors LLC raised its stake in shares of Target by 12,050.0% during the 1st quarter. Centerpoint Advisors LLC now owns 243 shares of the retailer’s stock worth $40,000 after purchasing an additional 241 shares in the last quarter. Finally, Heritage Wealth Management LLC raised its stake in shares of Target by 511.3% during the 4th quarter. Heritage Wealth Management LLC now owns 324 shares of the retailer’s stock worth $48,000 after purchasing an additional 271 shares in the last quarter. Institutional investors and hedge funds own 78.33% of the company’s stock.
Analysts Set New Price Targets
TGT has been the topic of a number of analyst reports. DA Davidson reiterated a “buy” rating and set a $193.00 price objective on shares of Target in a research note on Wednesday, August 16th. Royal Bank of Canada restated an “outperform” rating and issued a $161.00 price target on shares of Target in a research note on Thursday, August 17th. TD Cowen dropped their price target on Target from $165.00 to $161.00 and set an “outperform” rating on the stock in a research note on Thursday, August 17th. Raymond James cut Target from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, July 26th. Finally, BMO Capital Markets dropped their price target on Target from $140.00 to $130.00 and set a “market perform” rating on the stock in a research note on Thursday, August 17th. Seventeen analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Target presently has an average rating of “Hold” and an average price target of $159.21.
Target Price Performance
Shares of TGT traded down $1.72 during trading hours on Friday, hitting $123.05. 4,919,837 shares of the company were exchanged, compared to its average volume of 4,390,741. The company has a market cap of $56.80 billion, a price-to-earnings ratio of 16.90, a P/E/G ratio of 1.15 and a beta of 1.01. Target Co. has a fifty-two week low of $120.75 and a fifty-two week high of $181.70. The company has a quick ratio of 0.18, a current ratio of 0.83 and a debt-to-equity ratio of 1.24. The firm’s fifty day moving average is $129.09 and its 200 day moving average is $143.07.
Target (NYSE:TGT – Get Free Report) last released its earnings results on Wednesday, August 16th. The retailer reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.39. The company had revenue of $24.77 billion for the quarter, compared to analyst estimates of $25.18 billion. Target had a return on equity of 29.43% and a net margin of 3.12%. Target’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.39 EPS. On average, equities analysts anticipate that Target Co. will post 7.6 earnings per share for the current fiscal year.
Insider Activity at Target
In related news, insider Brian C. Cornell sold 30,000 shares of the firm’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $130.70, for a total value of $3,921,000.00. Following the sale, the insider now directly owns 399,669 shares of the company’s stock, valued at $52,236,738.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.23% of the stock is currently owned by insiders.
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.
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