Amalgamated Bank lowered its position in Target Co. (NYSE:TGT – Free Report) by 6.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,434 shares of the retailer’s stock after selling 6,268 shares during the quarter. Amalgamated Bank’s holdings in Target were worth $13,832,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Boston Partners acquired a new position in Target during the first quarter worth about $335,870,000. Focused Investors Fund L P purchased a new position in shares of Target during the 1st quarter worth approximately $125,536,000. Swedbank AB acquired a new position in shares of Target during the 1st quarter worth approximately $107,367,000. Los Angeles Capital Management LLC lifted its stake in Target by 44.6% in the 1st quarter. Los Angeles Capital Management LLC now owns 1,765,496 shares of the retailer’s stock valued at $312,864,000 after buying an additional 544,920 shares in the last quarter. Finally, Clearbridge Investments LLC grew its holdings in Target by 17.5% during the 1st quarter. Clearbridge Investments LLC now owns 3,153,875 shares of the retailer’s stock valued at $558,898,000 after buying an additional 470,647 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.
Target Stock Performance
NYSE:TGT opened at $153.57 on Thursday. The firm’s fifty day simple moving average is $148.34 and its 200 day simple moving average is $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 Co. has a twelve month low of $102.93 and a twelve month high of $181.86. The firm has a market capitalization of $71.05 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.90 and a beta of 1.24.
Insiders Place Their Bets
In other news, CAO Matthew A. Liegel sold 1,000 shares of the business’s 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 transaction, the chief accounting officer now directly owns 7,276 shares of the company’s stock, valued at $1,114,173.88. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, 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 transaction of $7,140,150.00. Following the completion of the sale, the insider now directly owns 303,843 shares in the company, valued at $48,210,768.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Matthew A. Liegel sold 1,000 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $153.13, for a total value of $153,130.00. Following the completion of the transaction, the chief accounting officer now owns 7,276 shares in the company, valued at approximately $1,114,173.88. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
TGT has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on Target from $160.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. BNP Paribas assumed coverage on shares of Target in a report on Monday, June 3rd. They issued an “underperform” rating and a $116.00 target price on the stock. Citigroup lifted their price target on shares of Target from $180.00 to $188.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Robert W. Baird reissued an “outperform” rating and set a $190.00 price objective on shares of Target in a research note on Thursday, May 23rd. Finally, Morgan Stanley restated an “overweight” rating and set a $180.00 target price on shares of Target in a research report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $179.68.
Check Out Our Latest Research Report on TGT
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.
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