Target Co. (NYSE:TGT) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in Target Co. (NYSE:TGT) by 3.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,273 shares of the retailer’s stock after selling 2,191 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Target were worth $8,627,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Triad Wealth Partners LLC purchased a new position in shares of Target during the 2nd quarter valued at approximately $25,000. Washington Trust Advisors Inc. boosted its stake in shares of Target by 56.1% during the 1st quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock valued at $32,000 after buying an additional 64 shares during the last quarter. Slocum Gordon & Co LLP purchased a new position in shares of Target during the 2nd quarter valued at approximately $28,000. Retirement Group LLC lifted its stake in Target by 85.0% during the first quarter. Retirement Group LLC now owns 198 shares of the retailer’s stock worth $35,000 after purchasing an additional 91 shares during the last quarter. Finally, Ables Iannone Moore & Associates Inc. bought a new position in Target during the fourth quarter worth $28,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TGT has been the topic of a number of recent research reports. Jefferies Financial Group raised their target price on Target from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Evercore ISI raised their target price on Target from $158.00 to $160.00 and gave the company an “inline” rating in a research note on Thursday, August 22nd. StockNews.com upgraded Target from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 22nd. UBS Group raised their target price on Target from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, Citigroup raised their target price on Target from $180.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Target currently has a consensus rating of “Moderate Buy” and an average target price of $179.68.

Target Trading Up 1.1 %

Shares of TGT opened at $153.57 on Thursday. The business’s 50-day moving average price is $148.34 and its 200 day moving average price is $155.03. The stock has a market capitalization 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. Target Co. has a 1-year low of $102.93 and a 1-year high of $181.86. 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 issued its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.39. The firm had revenue of $25.02 billion for the quarter, compared to analysts’ expectations of $25.19 billion. Target had a return on equity of 33.10% and a net margin of 4.18%. Target’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted $1.80 EPS. Analysts expect that Target Co. will post 9.53 earnings per share for the current year.

Insiders Place Their Bets

In other Target 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Target 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total value of $7,140,150.00. Following the sale, the insider now owns 303,843 shares of the company’s stock, valued at $48,210,768.81. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

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.