CMH Wealth Management LLC boosted its holdings in shares of Target Co. (NYSE:TGT - Free Report) by 31.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,420 shares of the retailer's stock after buying an additional 14,719 shares during the quarter. CMH Wealth Management LLC's holdings in Target were worth $6,410,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Hopwood Financial Services Inc. acquired a new stake in shares of Target in the 4th quarter valued at $29,000. Bernard Wealth Management Corp. acquired a new stake in shares of Target in the 4th quarter valued at $29,000. Legacy Investment Solutions LLC raised its holdings in shares of Target by 47.5% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock valued at $35,000 after purchasing an additional 85 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Target in the 4th quarter valued at $36,000. Finally, Compass Financial Services Inc acquired a new stake in shares of Target in the 4th quarter valued at $40,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.
Target Price Performance
Shares of NYSE TGT traded down $2.69 on Wednesday, hitting $98.08. The company's stock had a trading volume of 6,799,001 shares, compared to its average volume of 6,101,422. Target Co. has a 12-month low of $87.35 and a 12-month high of $167.40. The company has a market capitalization of $44.56 billion, a price-to-earnings ratio of 10.40, a price-to-earnings-growth ratio of 1.94 and a beta of 1.22. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The stock has a 50 day moving average of $95.25 and a 200-day moving average of $115.66.
Target (NYSE:TGT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The retailer reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.35). The business had revenue of $24.20 billion during the quarter, compared to analysts' expectations of $24.54 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm's revenue for the quarter was down 2.8% on a year-over-year basis. During the same period last year, the company earned $2.03 EPS. As a group, research analysts predict that Target Co. will post 8.69 EPS for the current year.
Analysts Set New Price Targets
TGT has been the topic of several research analyst reports. Jefferies Financial Group cut their price target on shares of Target from $165.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. Guggenheim cut their price target on shares of Target from $155.00 to $115.00 and set a "buy" rating on the stock in a research note on Tuesday, May 27th. Gordon Haskett lowered shares of Target from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. lifted their price target on shares of Target from $105.00 to $109.00 and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. Finally, Barclays began coverage on shares of Target in a research note on Thursday, May 22nd. They set an "equal weight" rating on the stock. One analyst has rated the stock with a sell rating, twenty-five have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $116.70.
Read Our Latest Report on TGT
Insider Activity at Target
In related news, insider Brian C. Cornell sold 45,000 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $96.18, for a total transaction of $4,328,100.00. Following the transaction, the insider now owns 246,453 shares of the company's stock, valued at approximately $23,703,849.54. This represents a 15.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.16% of the company's stock.
About Target
(
Free Report)
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.
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