Jacobs & Co. CA lessened its holdings in shares of Target Co. (NYSE:TGT – Free Report) by 3.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 17,735 shares of the retailer’s stock after selling 713 shares during the period. Jacobs & Co. CA’s holdings in Target were worth $2,339,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Aspire Private Capital LLC bought a new position in shares of Target in the first quarter valued at approximately $21,129,916,000. Financial Connections Group Inc. bought a new position in shares of Target in the fourth quarter valued at approximately $28,000. Graham Capital Wealth Management LLC bought a new position in shares of Target in the first quarter valued at approximately $341,198,000. Ritter Daniher Financial Advisory LLC DE bought a new position in shares of Target in the first quarter valued at approximately $37,000. Finally, Penserra Capital Management LLC bought a new position in shares of Target in the fourth quarter valued at approximately $35,000. Institutional investors own 78.33% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on TGT shares. Bank of America dropped their price target on shares of Target from $145.00 to $135.00 and set a “neutral” rating on the stock in a research report on Thursday, August 17th. Evercore ISI raised their price objective on shares of Target from $140.00 to $142.00 and gave the stock an “in-line” rating in a research note on Friday, September 8th. StockNews.com upgraded shares of Target from a “hold” rating to a “buy” rating in a research note on Thursday. TheStreet downgraded shares of Target from a “b-” rating to a “c+” rating in a research note on Friday, June 16th. Finally, Stifel Nicolaus lowered their price objective on shares of Target from $175.00 to $160.00 and set a “hold” rating on the stock in a research note on Monday, August 14th. Seventeen investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Target presently has an average rating of “Hold” and a consensus target price of $159.21.
Insider Activity at Target
In related 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 value of $3,921,000.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.23% of the stock is currently owned by company insiders.
Target Stock Performance
Target stock opened at $121.20 on Monday. The stock has a 50-day simple moving average of $129.09 and a 200 day simple moving average of $142.93. The company has a quick ratio of 0.18, a current ratio of 0.83 and a debt-to-equity ratio of 1.24. Target Co. has a 12-month low of $120.75 and a 12-month high of $181.70. The stock has a market capitalization of $55.95 billion, a price-to-earnings ratio of 16.90, a P/E/G ratio of 1.15 and a beta of 1.01.
Target (NYSE:TGT – Get Free Report) last released its quarterly earnings results on Wednesday, August 16th. The retailer reported $1.80 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $25.18 billion. During the same period in the previous year, the business posted $0.39 earnings per share. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. On average, research analysts anticipate that Target Co. will post 7.6 earnings per share for the current fiscal year.
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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