Barrett Asset Management LLC Raises Stock Holdings in Target Co. (NYSE:TGT)

Barrett Asset Management LLC boosted its stake in Target Co. (NYSE:TGTGet Rating) by 42.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,983 shares of the retailer’s stock after buying an additional 882 shares during the period. Barrett Asset Management LLC’s holdings in Target were worth $633,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in Target during the fourth quarter worth about $1,094,330,000. Capital World Investors increased its stake in Target by 22.9% during the fourth quarter. Capital World Investors now owns 8,941,995 shares of the retailer’s stock worth $2,069,535,000 after purchasing an additional 1,666,948 shares during the period. Nordea Investment Management AB increased its stake in Target by 73.9% during the first quarter. Nordea Investment Management AB now owns 1,902,355 shares of the retailer’s stock worth $414,599,000 after purchasing an additional 808,485 shares during the period. Assenagon Asset Management S.A. increased its stake in Target by 1,140.3% during the first quarter. Assenagon Asset Management S.A. now owns 701,790 shares of the retailer’s stock worth $148,934,000 after purchasing an additional 645,209 shares during the period. Finally, Alliancebernstein L.P. increased its stake in Target by 40.3% during the fourth quarter. Alliancebernstein L.P. now owns 2,148,499 shares of the retailer’s stock worth $497,249,000 after purchasing an additional 617,060 shares during the period. 77.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TGT shares. TheStreet downgraded Target from a “b-” rating to a “c+” rating in a research report on Friday, June 24th. Morgan Stanley lowered their price objective on Target from $255.00 to $190.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 8th. Truist Financial boosted their price objective on Target from $150.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, August 18th. Wells Fargo & Company raised Target to an “overweight” rating in a research report on Tuesday, August 9th. Finally, Credit Suisse Group lowered their price objective on Target from $286.00 to $180.00 and set an “outperform” rating for the company in a research report on Monday, May 23rd. Nine investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Target presently has an average rating of “Moderate Buy” and an average price target of $193.42.

Target Price Performance

Shares of NYSE TGT opened at $173.65 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.14 and a debt-to-equity ratio of 1.27. Target Co. has a twelve month low of $137.16 and a twelve month high of $268.98. The stock has a 50 day moving average of $160.68 and a two-hundred day moving average of $184.86. The stock has a market cap of $79.92 billion, a P/E ratio of 19.73, a P/E/G ratio of 2.15 and a beta of 1.02.

Target (NYSE:TGTGet Rating) last issued its quarterly earnings data on Wednesday, August 17th. The retailer reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.33). Target had a net margin of 3.92% and a return on equity of 35.15%. The firm had revenue of $26.04 billion during the quarter, compared to analysts’ expectations of $26.07 billion. During the same quarter in the prior year, the firm posted $3.64 EPS. Target’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, research analysts forecast that Target Co. will post 8.11 earnings per share for the current year.

Insider Transactions at Target

In other news, CAO Matthew A. Liegel sold 1,226 shares of the company’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $173.80, for a total transaction of $213,078.80. Following the completion of the sale, the chief accounting officer now owns 2,812 shares in the company, valued at $488,725.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Target news, insider John J. Mulligan sold 45,490 shares of the stock in a transaction on Friday, June 17th. The stock was sold at an average price of $139.98, for a total value of $6,367,690.20. Following the completion of the transaction, the insider now owns 157,333 shares in the company, valued at $22,023,473.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Matthew A. Liegel sold 1,226 shares of the stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $173.80, for a total value of $213,078.80. Following the completion of the transaction, the chief accounting officer now owns 2,812 shares of the company’s stock, valued at approximately $488,725.60. The disclosure for this sale can be found here. Company insiders own 0.29% of the company’s stock.

Target Company Profile

(Get Rating)

Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials.

Featured Articles

Want to see what other hedge funds are holding TGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Target Co. (NYSE:TGTGet Rating).

Institutional Ownership by Quarter for Target (NYSE:TGT)

Receive News & Ratings for Target Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target and related companies with MarketBeat.com's FREE daily email newsletter.