Miramar Capital LLC Purchases 285 Shares of Target Co. (NYSE:TGT)

Miramar Capital LLC increased its position in shares of Target Co. (NYSE:TGT) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,194 shares of the retailer’s stock after buying an additional 285 shares during the period. Target comprises approximately 3.0% of Miramar Capital LLC’s holdings, making the stock its 14th largest holding. Miramar Capital LLC’s holdings in Target were worth $11,872,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Little House Capital LLC bought a new stake in shares of Target in the 1st quarter valued at about $1,041,000. Nordea Investment Management AB lifted its holdings in Target by 23.6% during the first quarter. Nordea Investment Management AB now owns 642,340 shares of the retailer’s stock worth $112,686,000 after buying an additional 122,706 shares during the period. QRG Capital Management Inc. boosted its position in Target by 11.4% during the 1st quarter. QRG Capital Management Inc. now owns 65,558 shares of the retailer’s stock valued at $11,618,000 after acquiring an additional 6,690 shares in the last quarter. Janney Capital Management LLC purchased a new position in shares of Target in the 1st quarter valued at $13,958,000. Finally, United Services Automobile Association raised its position in shares of Target by 134.6% in the 4th quarter. United Services Automobile Association now owns 103,785 shares of the retailer’s stock worth $14,781,000 after acquiring an additional 59,553 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

TGT has been the topic of several analyst reports. Daiwa America upgraded Target to a “strong-buy” rating in a research note on Monday, August 26th. Jefferies Financial Group increased their target price on shares of Target from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. JPMorgan Chase & Co. lifted their price target on shares of Target from $153.00 to $167.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Roth Mkm increased their price objective on Target from $153.00 to $157.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. Finally, BMO Capital Markets dropped their target price on Target from $170.00 to $155.00 and set a “market perform” rating on the stock in a research note on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $179.68.

Target Stock Up 1.1 %

Shares of TGT stock opened at $153.57 on Thursday. Target Co. has a twelve month low of $102.93 and a twelve month high of $181.86. The stock has a market cap of $71.05 billion, a P/E ratio of 17.24, a P/E/G ratio of 1.90 and a beta of 1.24. The stock has a 50 day moving average of $148.34 and a 200 day moving average of $155.03. The company has a current ratio of 0.90, a quick ratio of 0.27 and a debt-to-equity ratio of 0.95.

Target (NYSE:TGT) last posted its earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, beating 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 firm had revenue of $25.02 billion during the quarter, compared to analyst estimates of $25.19 billion. During the same period in the previous year, the firm earned $1.80 EPS. The business’s quarterly revenue was up 1.0% on a year-over-year basis. As a group, sell-side analysts expect that Target Co. will post 9.53 EPS for the current year.

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.