Courier Capital LLC Raises Stake in Target Co. (NYSE:TGT)

Courier Capital LLC lifted its stake in shares of Target Co. (NYSE:TGT - Free Report) by 62.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,874 shares of the retailer's stock after buying an additional 3,794 shares during the period. Courier Capital LLC's holdings in Target were worth $1,030,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bernard Wealth Management Corp. acquired a new position in shares of Target during the fourth quarter worth $30,000. Hopwood Financial Services Inc. acquired a new position in shares of Target during the fourth quarter worth $29,000. Legacy Investment Solutions LLC increased its holdings in shares of Target by 47.5% during the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock worth $35,000 after buying an additional 85 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Target during the fourth quarter worth $36,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Target during the fourth quarter worth $40,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $96.18, for a total value of $4,328,100.00. Following the completion of the transaction, the insider now owns 246,453 shares in the company, valued at $23,703,849.54. The trade was a 15.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is owned by company insiders.

Target Trading Down 2.7%

Target stock traded down $2.69 during midday trading on Wednesday, hitting $98.08. 6,799,001 shares of the stock were exchanged, compared to its average volume of 6,101,422. Target Co. has a fifty-two week low of $87.35 and a fifty-two week high of $167.40. The stock has a market capitalization of $44.56 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 1.94 and a beta of 1.22. The stock's 50-day simple moving average is $95.20 and its 200 day simple moving average is $115.78. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The retailer reported $1.30 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.35). The company had revenue of $24.20 billion during the quarter, compared to analyst estimates of $24.54 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The business's revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.03 earnings per share. On average, equities analysts anticipate that Target Co. will post 8.69 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TGT. Mizuho decreased their price objective on Target from $92.00 to $88.00 and set a "neutral" rating for the company in a report on Thursday, May 22nd. UBS Group lowered their price objective on shares of Target from $170.00 to $155.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Guggenheim decreased their price objective on Target from $155.00 to $115.00 and set a "buy" rating for the company in a report on Tuesday, May 27th. The Goldman Sachs Group decreased their price objective on shares of Target from $101.00 to $90.00 and set a "neutral" rating for the company in a research note on Thursday, May 22nd. Finally, Cfra Research lowered shares of Target from a "moderate buy" rating to a "hold" rating in a research note on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, twenty-five have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Target presently has an average rating of "Hold" and an average target price of $116.70.

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.