Elo Mutual Pension Insurance Co Acquires 1,016 Shares of Target Co. (NYSE:TGT)

Elo Mutual Pension Insurance Co lifted its holdings in shares of Target Co. (NYSE:TGT) by 2.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,199 shares of the retailer’s stock after purchasing an additional 1,016 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Target were worth $6,395,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Washington Trust Advisors Inc. boosted its holdings in shares of Target by 56.1% during the 1st quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock worth $32,000 after buying an additional 64 shares in the last quarter. Williams Jones Wealth Management LLC. boosted its stake in Target by 0.6% during the first quarter. Williams Jones Wealth Management LLC. now owns 10,773 shares of the retailer’s stock worth $1,909,000 after acquiring an additional 68 shares in the last quarter. Beacon Capital Management LLC grew its holdings in Target by 20.8% in the second quarter. Beacon Capital Management LLC now owns 400 shares of the retailer’s stock worth $59,000 after purchasing an additional 69 shares during the period. Integral Investment Advisors Inc. increased its stake in Target by 5.3% in the second quarter. Integral Investment Advisors Inc. now owns 1,382 shares of the retailer’s stock valued at $203,000 after purchasing an additional 69 shares in the last quarter. Finally, Godshalk Welsh Capital Management Inc. raised its holdings in shares of Target by 0.9% during the fourth quarter. Godshalk Welsh Capital Management Inc. now owns 8,130 shares of the retailer’s stock valued at $1,158,000 after purchasing an additional 70 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Buying and Selling at Target

In other news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the completion of the transaction, the insider now owns 303,843 shares in the company, valued at approximately $48,210,768.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Target news, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the sale, the insider now directly owns 303,843 shares of the company’s stock, valued at $48,210,768.81. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Matthew A. Liegel sold 1,000 shares of Target stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $153.13, for a total transaction of $153,130.00. Following the completion of the transaction, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

Target Stock Performance

NYSE TGT opened at $153.57 on Thursday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.27 and a current ratio of 0.90. The company has a market capitalization of $71.05 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 1.90 and a beta of 1.24. Target Co. has a 52-week low of $102.93 and a 52-week high of $181.86. The company has a 50-day simple moving average of $148.34 and a 200 day simple moving average of $155.03.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.39. Target had a net margin of 4.18% and a return on equity of 33.10%. The company had revenue of $25.02 billion during the quarter, compared to analyst estimates of $25.19 billion. During the same quarter last year, the business posted $1.80 EPS. Target’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, research analysts predict that Target Co. will post 9.53 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. BMO Capital Markets reduced their target price on Target from $170.00 to $155.00 and set a “market perform” rating for the company in a research note on Thursday, May 23rd. JPMorgan Chase & Co. boosted their price objective on Target from $153.00 to $167.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Oppenheimer lowered their target price on Target from $200.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. Robert W. Baird reissued an “outperform” rating and issued a $190.00 price target on shares of Target in a research report on Thursday, May 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Target from $209.00 to $190.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Target has an average rating of “Moderate Buy” and an average price target of $179.68.

Target 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.