Target Co. (NYSE:TGT) Shares Sold by US Asset Management LLC

US Asset Management LLC reduced its position in Target Co. (NYSE:TGT) by 2.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,158 shares of the retailer’s stock after selling 94 shares during the quarter. US Asset Management LLC’s holdings in Target were worth $468,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Little House Capital LLC purchased a new stake in shares of Target during the 1st quarter worth $1,041,000. Nordea Investment Management AB increased its holdings in Target by 23.6% in the first quarter. Nordea Investment Management AB now owns 642,340 shares of the retailer’s stock valued at $112,686,000 after buying an additional 122,706 shares in the last quarter. QRG Capital Management Inc. lifted its position in shares of Target by 11.4% during the 1st quarter. QRG Capital Management Inc. now owns 65,558 shares of the retailer’s stock valued at $11,618,000 after acquiring an additional 6,690 shares during the period. Janney Capital Management LLC acquired a new stake in shares of Target in the 1st quarter worth approximately $13,958,000. Finally, United Services Automobile Association grew its holdings in shares of Target by 134.6% in the 4th quarter. United Services Automobile Association now owns 103,785 shares of the retailer’s stock worth $14,781,000 after acquiring an additional 59,553 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Insider Transactions at Target

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

Wall Street Analyst Weigh In

Several research firms have weighed in on TGT. Daiwa Capital Markets raised Target from a “neutral” rating to an “outperform” rating and set a $170.00 target price on the stock in a report on Monday, August 26th. Wells Fargo & Company lifted their price objective on Target from $160.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Piper Sandler started coverage on Target in a report on Wednesday, July 10th. They set a “neutral” rating and a $156.00 target price on the stock. Deutsche Bank Aktiengesellschaft cut their price target on Target from $209.00 to $190.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Finally, Daiwa America raised Target to a “strong-buy” rating in a research note on Monday, August 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $179.68.

Target Trading Up 2.0 %

TGT opened at $151.37 on Friday. The stock has a market capitalization of $69.73 billion, a PE ratio of 16.99, a P/E/G ratio of 1.90 and a beta of 1.24. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.27. Target Co. has a 12-month low of $102.93 and a 12-month high of $181.86. The firm’s fifty day moving average price is $148.02 and its 200 day moving average price is $155.02.

Target (NYSE:TGT) last issued its quarterly earnings results 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 business had revenue of $25.02 billion during the quarter, compared to the consensus estimate of $25.19 billion. Target had a return on equity of 33.10% and a net margin of 4.18%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.80 EPS. As a group, research analysts expect that Target Co. will post 9.53 EPS 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.