Target Co. (NYSE:TGT) Shares Bought by Quest Partners LLC

Quest Partners LLC boosted its holdings in shares of Target Co. (NYSE:TGT) by 879.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,097 shares of the retailer’s stock after acquiring an additional 1,883 shares during the period. Quest Partners LLC’s holdings in Target were worth $310,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Little House Capital LLC acquired a new position in Target during the first quarter worth about $1,041,000. Nordea Investment Management AB grew its holdings in shares of 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 in the last quarter. QRG Capital Management Inc. grew its holdings in shares of Target by 11.4% during the first quarter. QRG Capital Management Inc. now owns 65,558 shares of the retailer’s stock worth $11,618,000 after buying an additional 6,690 shares in the last quarter. Janney Capital Management LLC purchased a new stake in shares of Target during the first quarter worth about $13,958,000. Finally, United Services Automobile Association grew its holdings in shares of Target by 134.6% during the fourth quarter. United Services Automobile Association now owns 103,785 shares of the retailer’s stock worth $14,781,000 after buying an additional 59,553 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Performance

Shares of TGT stock opened at $151.36 on Friday. The stock has a market capitalization of $69.73 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 1.90 and a beta of 1.24. Target Co. has a one year low of $102.93 and a one year high of $181.86. The company’s 50-day simple moving average is $148.02 and its 200-day simple moving average is $155.04. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.27 and a current ratio of 0.90.

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

Insider Buying and Selling at Target

In other Target news, CAO Matthew A. Liegel sold 1,000 shares of the 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 sale, the chief accounting officer now directly owns 7,276 shares of the company’s stock, valued at $1,114,173.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Target news, CAO Matthew A. Liegel sold 1,000 shares of the 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 sale, the chief accounting officer now directly owns 7,276 shares of the company’s stock, valued at $1,114,173.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the insider now directly owns 303,843 shares in the company, valued at $48,210,768.81. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TGT has been the subject of a number of recent research reports. Piper Sandler initiated coverage on shares of Target in a report on Wednesday, July 10th. They set a “neutral” rating and a $156.00 price target for the company. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Target from $209.00 to $190.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Telsey Advisory Group boosted their target price on shares of Target from $190.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Jefferies Financial Group boosted their target price on shares of Target from $190.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, BMO Capital Markets lowered their target price on shares of Target from $170.00 to $155.00 and set a “market perform” rating for the company in a report on Thursday, May 23rd. One 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. According to data from MarketBeat.com, Target presently has a consensus rating of “Moderate Buy” and a consensus target price 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.