Strategic Wealth Partners Ltd. Boosts Stock Holdings in Target Co. (NYSE:TGT)

Strategic Wealth Partners Ltd. grew its position in shares of Target Co. (NYSE:TGTGet Rating) by 67.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,229 shares of the retailer’s stock after purchasing an additional 4,130 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Target were worth $2,171,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Target by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 43,254,086 shares of the retailer’s stock valued at $9,179,381,000 after purchasing an additional 589,926 shares in the last quarter. State Street Corp increased its holdings in Target by 0.5% in the 4th quarter. State Street Corp now owns 35,922,818 shares of the retailer’s stock worth $8,313,977,000 after acquiring an additional 191,484 shares in the last quarter. Capital World Investors increased its holdings in Target by 22.9% in the 4th quarter. Capital World Investors now owns 8,941,995 shares of the retailer’s stock worth $2,069,535,000 after acquiring an additional 1,666,948 shares in the last quarter. Geode Capital Management LLC increased its holdings in Target by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 8,187,017 shares of the retailer’s stock worth $1,890,357,000 after acquiring an additional 157,019 shares in the last quarter. Finally, Norges Bank purchased a new stake in Target in the 4th quarter worth $1,094,330,000. Hedge funds and other institutional investors own 77.42% of the company’s stock.

Target Trading Down 4.4 %

TGT opened at $166.24 on Wednesday. Target Co. has a 52 week low of $137.16 and a 52 week high of $268.98. The business has a fifty day simple moving average of $161.72 and a 200-day simple moving average of $184.50. The firm has a market cap of $76.51 billion, a P/E ratio of 18.89, a P/E/G ratio of 2.17 and a beta of 1.02. The company has a quick ratio of 0.14, a current ratio of 0.82 and a debt-to-equity ratio of 1.27.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TGT. Wells Fargo & Company raised shares of Target to an “overweight” rating in a research note on Tuesday, August 9th. TheStreet cut Target from a “b-” rating to a “c+” rating in a research report on Friday, June 24th. Deutsche Bank Aktiengesellschaft dropped their price target on Target from $195.00 to $193.00 and set a “buy” rating for the company in a research report on Thursday, August 18th. Stifel Nicolaus upped their target price on shares of Target from $185.00 to $195.00 and gave the stock a “hold” rating in a report on Thursday, August 18th. Finally, Cowen upped their target price on shares of Target to $210.00 in a report on Monday, August 22nd. Nine analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Target presently has an average rating of “Moderate Buy” and an average price target of $193.42.

Insider Activity

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

About Target

(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 Stories

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.