Romano Brothers AND Company Has $3.07 Million Stock Holdings in Target Co. (NYSE:TGT)

Romano Brothers AND Company trimmed its position in shares of Target Co. (NYSE:TGT) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,266 shares of the retailer’s stock after selling 387 shares during the period. Romano Brothers AND Company’s holdings in Target were worth $3,069,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Plancorp LLC increased its stake in shares of Target by 2.1% in the first quarter. Plancorp LLC now owns 2,520 shares of the retailer’s stock worth $535,000 after purchasing an additional 53 shares during the period. Field & Main Bank increased its stake in shares of Target by 0.6% in the first quarter. Field & Main Bank now owns 10,082 shares of the retailer’s stock worth $1,670,000 after purchasing an additional 62 shares during the period. Altus Wealth Group LLC increased its stake in shares of Target by 4.3% in the first quarter. Altus Wealth Group LLC now owns 1,594 shares of the retailer’s stock worth $264,000 after purchasing an additional 65 shares during the period. Avidian Wealth Solutions LLC increased its stake in shares of Target by 1.3% in the first quarter. Avidian Wealth Solutions LLC now owns 5,230 shares of the retailer’s stock worth $866,000 after purchasing an additional 66 shares during the period. Finally, Rowland & Co. Investment Counsel ADV increased its stake in shares of Target by 1.5% in the first quarter. Rowland & Co. Investment Counsel ADV now owns 4,565 shares of the retailer’s stock worth $756,000 after purchasing an additional 67 shares during the period. 78.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TGT. Oppenheimer dropped their price objective on Target from $190.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 1st. Jefferies Financial Group dropped their price objective on Target from $175.00 to $165.00 and set a “buy” rating on the stock in a research note on Thursday, August 17th. TD Cowen cut their price target on Target from $165.00 to $161.00 and set an “outperform” rating for the company in a report on Thursday, August 17th. Telsey Advisory Group decreased their price objective on Target from $165.00 to $162.00 and set an “outperform” rating on the stock in a report on Thursday, August 17th. Finally, Raymond James cut Target from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, July 26th. Seventeen analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Target currently has an average rating of “Hold” and an average price target of $159.21.

Target Trading Up 0.4 %

Shares of Target stock traded up $0.42 during trading on Tuesday, hitting $119.76. 1,753,662 shares of the company were exchanged, compared to its average volume of 4,381,546. Target Co. has a 1-year low of $118.55 and a 1-year high of $181.70. 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 firm has a market capitalization of $55.28 billion, a P/E ratio of 16.44, a price-to-earnings-growth ratio of 1.15 and a beta of 1.01. The firm’s fifty day moving average price is $129.09 and its 200 day moving average price is $142.93.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, August 16th. The retailer reported $1.80 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $25.18 billion. During the same quarter in the previous year, the business posted $0.39 EPS. Target’s revenue for the quarter was down 4.9% on a year-over-year basis. As a group, sell-side analysts expect that Target Co. will post 7.6 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Brian C. Cornell sold 30,000 shares of Target stock in a transaction dated 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 approximately $52,236,738.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is currently owned by company insiders.

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.