HPM Partners LLC Reduces Holdings in Target Co. (TGT)

HPM Partners LLC cut its position in Target Co. (NYSE:TGT) by 7.2% in the 2nd quarter, Holdings Channel reports. The firm owned 11,978 shares of the retailer’s stock after selling 923 shares during the period. HPM Partners LLC’s holdings in Target were worth $912,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Moneta Group Investment Advisors LLC raised its position in Target by 504.3% in the second quarter. Moneta Group Investment Advisors LLC now owns 101,541 shares of the retailer’s stock valued at $2,232,000 after purchasing an additional 84,739 shares during the last quarter. Millennium Management LLC raised its position in Target by 411.9% in the second quarter. Millennium Management LLC now owns 694,992 shares of the retailer’s stock valued at $52,903,000 after purchasing an additional 559,220 shares during the last quarter. Waddell & Reed Financial Inc. raised its position in Target by 1.6% in the second quarter. Waddell & Reed Financial Inc. now owns 687,222 shares of the retailer’s stock valued at $52,311,000 after purchasing an additional 11,010 shares during the last quarter. Zurich Insurance Group Ltd FI raised its position in Target by 46.9% in the second quarter. Zurich Insurance Group Ltd FI now owns 125,301 shares of the retailer’s stock valued at $9,538,000 after purchasing an additional 40,010 shares during the last quarter. Finally, Albion Financial Group UT raised its position in Target by 155.5% in the second quarter. Albion Financial Group UT now owns 18,656 shares of the retailer’s stock valued at $1,420,000 after purchasing an additional 11,355 shares during the last quarter. Hedge funds and other institutional investors own 83.58% of the company’s stock.

Several equities analysts have commented on the company. Citigroup increased their target price on Target from $76.00 to $92.00 and gave the company a “neutral” rating in a research report on Monday, August 27th. Stifel Nicolaus increased their target price on Target from $85.00 to $93.00 and gave the company a “hold” rating in a research report on Thursday, August 23rd. MKM Partners set a $91.00 price objective on Target and gave the stock a “buy” rating in a research report on Tuesday, June 5th. ValuEngine downgraded Target from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Finally, Credit Suisse Group set a $86.00 price objective on Target and gave the stock a “buy” rating in a research report on Monday, June 4th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $87.67.

Shares of TGT opened at $87.94 on Monday. Target Co. has a 1 year low of $54.04 and a 1 year high of $90.39. The company has a quick ratio of 0.17, a current ratio of 0.82 and a debt-to-equity ratio of 1.09. The stock has a market cap of $46.66 billion, a PE ratio of 18.67, a P/E/G ratio of 2.45 and a beta of 0.69.

Target (NYSE:TGT) last issued its earnings results on Wednesday, August 22nd. The retailer reported $1.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.07. The business had revenue of $17.78 billion during the quarter, compared to the consensus estimate of $17.33 billion. Target had a return on equity of 24.29% and a net margin of 4.19%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.23 earnings per share. research analysts anticipate that Target Co. will post 5.37 EPS for the current fiscal year.

Target Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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