Abbrea Capital LLC Sells 95 Shares of Target Co. (NYSE:TGT)

Abbrea Capital LLC lowered its stake in shares of Target Co. (NYSE:TGT) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,015 shares of the retailer’s stock after selling 95 shares during the quarter. Abbrea Capital LLC’s holdings in Target were worth $1,039,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. DekaBank Deutsche Girozentrale grew its stake in Target by 94.1% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 449,567 shares of the retailer’s stock valued at $66,003,000 after purchasing an additional 217,947 shares during the period. Oppenheimer & Co. Inc. grew its stake in Target by 14.2% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 45,937 shares of the retailer’s stock valued at $6,801,000 after purchasing an additional 5,699 shares during the period. Main Street Financial Solutions LLC grew its stake in Target by 10.3% in the 2nd quarter. Main Street Financial Solutions LLC now owns 5,937 shares of the retailer’s stock valued at $879,000 after purchasing an additional 554 shares during the period. Vest Financial LLC grew its stake in Target by 1.9% in the 2nd quarter. Vest Financial LLC now owns 270,225 shares of the retailer’s stock valued at $40,004,000 after purchasing an additional 5,043 shares during the period. Finally, Achmea Investment Management B.V. grew its stake in Target by 4.8% in the 2nd quarter. Achmea Investment Management B.V. now owns 92,318 shares of the retailer’s stock valued at $13,667,000 after purchasing an additional 4,224 shares during the period. Institutional investors own 79.73% of the company’s stock.

Target Stock Performance

NYSE:TGT opened at $148.47 on Friday. The business’s 50-day moving average price is $147.91 and its two-hundred day moving average price is $155.01. Target Co. has a twelve month low of $102.93 and a twelve month high of $181.86. The stock has a market cap of $68.69 billion, a P/E ratio of 16.66, a PEG ratio of 1.95 and a beta of 1.24. The company has a quick ratio of 0.27, a current ratio of 0.90 and a debt-to-equity ratio of 0.95.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.39. The company had revenue of $25.02 billion for the quarter, compared to analysts’ expectations of $25.19 billion. Target had a return on equity of 33.10% and a net margin of 4.18%. Target’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the firm posted $1.80 EPS. As a group, equities analysts predict that Target Co. will post 9.53 EPS for the current fiscal year.

Insider Activity at Target

In related news, CAO Matthew A. Liegel sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $153.13, for a total transaction of $153,130.00. Following the transaction, the chief accounting officer now directly owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the transaction, the insider now directly owns 303,843 shares in the company, valued at approximately $48,210,768.81. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Matthew A. Liegel sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $153.13, for a total value of $153,130.00. Following the transaction, the chief accounting officer now owns 7,276 shares in the company, valued at $1,114,173.88. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TGT. Jefferies Financial Group increased their price target on Target from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Telsey Advisory Group increased their price target on Target from $190.00 to $195.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Wells Fargo & Company increased their price target on Target from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Robert W. Baird reiterated an “outperform” rating and set a $190.00 price target on shares of Target in a research note on Thursday, May 23rd. Finally, StockNews.com upgraded Target from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Target presently has a consensus rating of “Moderate Buy” and an average target price of $179.68.

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.