Target Corporation (TGT) Shares Bought by First National Trust Co.
First National Trust Co. increased its holdings in Target Corporation (NYSE:TGT) by 5.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,260 shares of the retailer’s stock after purchasing an additional 2,537 shares during the period. First National Trust Co.’s holdings in Target Corporation were worth $2,576,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Welch & Forbes LLC lifted its holdings in Target Corporation by 0.3% in the 1st quarter. Welch & Forbes LLC now owns 8,150 shares of the retailer’s stock worth $450,000 after purchasing an additional 24 shares in the last quarter. Compton Capital Management Inc. RI lifted its holdings in Target Corporation by 0.4% in the 1st quarter. Compton Capital Management Inc. RI now owns 8,824 shares of the retailer’s stock worth $487,000 after purchasing an additional 32 shares in the last quarter. Gamble Jones Investment Counsel lifted its holdings in Target Corporation by 0.4% in the 2nd quarter. Gamble Jones Investment Counsel now owns 10,570 shares of the retailer’s stock worth $553,000 after purchasing an additional 44 shares in the last quarter. WealthTrust Fairport LLC lifted its holdings in Target Corporation by 0.9% in the 1st quarter. WealthTrust Fairport LLC now owns 5,958 shares of the retailer’s stock worth $329,000 after purchasing an additional 55 shares in the last quarter. Finally, Carlson Capital Management lifted its holdings in Target Corporation by 0.9% in the 2nd quarter. Carlson Capital Management now owns 8,060 shares of the retailer’s stock worth $421,000 after purchasing an additional 69 shares in the last quarter. 83.33% of the stock is currently owned by institutional investors.
A number of research analysts recently commented on the company. Vetr cut Target Corporation from a “buy” rating to a “hold” rating and set a $59.67 price target on the stock. in a report on Monday, August 7th. BidaskClub raised Target Corporation from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. MKM Partners boosted their price target on Target Corporation from $58.00 to $69.00 and gave the stock a “buy” rating in a report on Thursday, August 17th. BMO Capital Markets reissued a “market perform” rating and issued a $67.00 price target (up from $62.00) on shares of Target Corporation in a report on Friday, August 18th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $59.00 price target (up from $56.00) on shares of Target Corporation in a report on Friday, May 19th. Five investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have given a buy rating to the company’s stock. Target Corporation has a consensus rating of “Hold” and a consensus price target of $61.64.
In other Target Corporation news, insider Robert M. Harrison sold 2,639 shares of Target Corporation stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $52.05, for a total value of $137,359.95. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.25% of the stock is owned by insiders.
Target Corporation (NYSE:TGT) opened at 59.51 on Thursday. The company has a market cap of $32.51 billion, a P/E ratio of 12.02 and a beta of 0.60. Target Corporation has a 12 month low of $48.56 and a 12 month high of $79.33. The firm has a 50-day moving average price of $56.29 and a 200 day moving average price of $55.01.
Target Corporation (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 16th. The retailer reported $1.23 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.03. Target Corporation had a return on equity of 25.06% and a net margin of 3.99%. The firm had revenue of $16.43 billion for the quarter, compared to the consensus estimate of $16.30 billion. During the same quarter last year, the business posted $1.23 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. Equities research analysts predict that Target Corporation will post $4.51 EPS for the current year.
Target Corporation Profile
Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.
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