Sanibel Captiva Trust Company Inc. lifted its holdings in shares of Target Co. (NYSE:TGT - Free Report) by 5.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 85,652 shares of the retailer's stock after purchasing an additional 4,693 shares during the period. Sanibel Captiva Trust Company Inc.'s holdings in Target were worth $8,939,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of the business. Brighton Jones LLC raised its position in shares of Target by 101.3% during the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer's stock worth $822,000 after acquiring an additional 3,059 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in Target during the 4th quarter valued at approximately $90,000. Apollon Wealth Management LLC raised its holdings in Target by 29.9% during the 4th quarter. Apollon Wealth Management LLC now owns 12,106 shares of the retailer's stock worth $1,637,000 after purchasing an additional 2,787 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its position in shares of Target by 25.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer's stock worth $2,430,000 after purchasing an additional 3,590 shares during the period. Finally, Stephens Inc. AR lifted its position in shares of Target by 245.4% in the 4th quarter. Stephens Inc. AR now owns 58,725 shares of the retailer's stock worth $7,938,000 after purchasing an additional 41,723 shares during the period. Institutional investors and hedge funds own 79.73% of the company's stock.
Insider Buying and Selling
In other news, insider Brian C. Cornell sold 45,000 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $96.18, for a total value of $4,328,100.00. Following the completion of the sale, the insider now owns 246,453 shares of the company's stock, valued at $23,703,849.54. This trade represents a 15.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is currently owned by company insiders.
Target Trading Down 2.7%
Shares of TGT traded down $2.69 during mid-day trading on Wednesday, reaching $98.08. 6,799,001 shares of the company's stock traded hands, compared to its average volume of 6,101,422. The stock's 50-day moving average is $95.20 and its two-hundred day moving average is $115.78. Target Co. has a 12 month low of $87.35 and a 12 month high of $167.40. 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 market cap of $44.56 billion, a P/E ratio of 10.40, a P/E/G ratio of 1.94 and a beta of 1.22.
Target (NYSE:TGT - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The retailer reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.35). Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $24.20 billion during the quarter, compared to the consensus estimate of $24.54 billion. During the same quarter in the previous year, the firm earned $2.03 earnings per share. The business's revenue was down 2.8% compared to the same quarter last year. Research analysts forecast that Target Co. will post 8.69 earnings per share for the current fiscal year.
Analysts Set New Price Targets
TGT has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Target from a "buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Citigroup decreased their price target on Target from $97.00 to $94.00 and set a "neutral" rating for the company in a report on Thursday, May 22nd. KGI Securities set a $132.00 price objective on Target in a research note on Wednesday, March 5th. Baird R W cut Target from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Finally, JPMorgan Chase & Co. lifted their target price on Target from $105.00 to $109.00 and gave the stock a "neutral" rating in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, twenty-five have given a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $116.70.
Get Our Latest Stock Analysis on TGT
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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