Clearstead Trust LLC Purchases 170 Shares of Target Co. (NYSE:TGT)

Clearstead Trust LLC raised its position in Target Co. (NYSE:TGT) by 34.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 663 shares of the retailer’s stock after buying an additional 170 shares during the quarter. Clearstead Trust LLC’s holdings in Target were worth $98,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Sargent Investment Group LLC increased its holdings in Target by 8.4% in the 2nd quarter. Sargent Investment Group LLC now owns 3,937 shares of the retailer’s stock valued at $583,000 after buying an additional 305 shares during the period. Moors & Cabot Inc. grew its holdings in shares of Target by 13.2% during the 2nd quarter. Moors & Cabot Inc. now owns 13,630 shares of the retailer’s stock valued at $2,018,000 after purchasing an additional 1,585 shares during the last quarter. Excalibur Management Corp grew its holdings in shares of Target by 13.6% during the 2nd quarter. Excalibur Management Corp now owns 6,907 shares of the retailer’s stock valued at $1,023,000 after purchasing an additional 827 shares during the last quarter. Luts & Greenleigh Group Inc. bought a new stake in shares of Target during the 2nd quarter valued at approximately $219,000. Finally, Citizens Financial Group Inc. RI grew its holdings in shares of Target by 7.5% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 65,209 shares of the retailer’s stock valued at $9,653,000 after purchasing an additional 4,526 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TGT shares. TD Cowen lifted their price target on shares of Target from $165.00 to $180.00 and gave the company a “hold” rating in a report on Thursday, August 22nd. Telsey Advisory Group lifted their price target on shares of Target from $190.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. UBS Group lifted their price target on shares of Target from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Jefferies Financial Group lifted their price target 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, Royal Bank of Canada lifted their price target on shares of Target from $174.00 to $177.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $179.68.

Target Stock Up 1.0 %

Target stock opened at $152.92 on Tuesday. The company has a quick ratio of 0.27, a current ratio of 0.90 and a debt-to-equity ratio of 0.95. Target Co. has a 12-month low of $102.93 and a 12-month high of $181.86. The firm’s fifty day moving average is $148.10 and its 200 day moving average is $155.07. The company has a market capitalization of $70.75 billion, a PE ratio of 17.16, a PEG ratio of 1.90 and a beta of 1.24.

Target (NYSE:TGT) last released its earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.39. Target had a net margin of 4.18% and a return on equity of 33.10%. The company had revenue of $25.02 billion for the quarter, compared to the consensus estimate of $25.19 billion. During the same quarter in the previous year, the company earned $1.80 EPS. Target’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, sell-side analysts predict that Target Co. will post 9.53 EPS for the current fiscal year.

Insider Activity at Target

In related news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the transaction, the insider now owns 303,843 shares in the company, valued at approximately $48,210,768.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Target news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were 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 owns 303,843 shares in the company, valued at approximately $48,210,768.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. The disclosure for this sale can be found here. 0.23% of the stock is owned by corporate insiders.

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.