Target Co. (NYSE:TGT) Shares Purchased by Tredje AP fonden

Tredje AP fonden lifted its position in shares of Target Co. (NYSE:TGT) by 4.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 93,217 shares of the retailer’s stock after buying an additional 3,555 shares during the period. Tredje AP fonden’s holdings in Target were worth $13,800,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC acquired a new stake in Target in the 2nd quarter valued at $25,000. Ables Iannone Moore & Associates Inc. acquired a new position in Target in the fourth quarter worth $28,000. Slocum Gordon & Co LLP bought a new stake in shares of Target during the 2nd quarter valued at about $28,000. Scarborough Advisors LLC bought a new stake in shares of Target in the 4th quarter worth approximately $29,000. Finally, Hobbs Group Advisors LLC acquired a new position in shares of Target during the second quarter valued at $31,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Target

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

Target Trading Down 0.6 %

Shares of Target stock opened at $151.97 on Wednesday. The firm’s 50-day moving average price is $148.19 and its two-hundred day moving average price is $155.05. The company has a market capitalization of $70.31 billion, a price-to-earnings ratio of 17.06, a PEG ratio of 1.90 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 Co. has a 12-month low of $102.93 and a 12-month high of $181.86.

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

Analyst Upgrades and Downgrades

TGT has been the topic of several recent analyst reports. Piper Sandler began coverage on Target in a report on Wednesday, July 10th. They set a “neutral” rating and a $156.00 target price on the stock. BNP Paribas assumed coverage on shares of Target in a research report on Monday, June 3rd. They issued an “underperform” rating and a $116.00 target price on the stock. Stifel Nicolaus increased their price objective on Target from $147.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, August 22nd. Roth Mkm lifted their price target on Target from $153.00 to $157.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. Finally, Oppenheimer lowered their target price on shares of Target from $200.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $179.68.

About Target

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.