Prospera Financial Services Inc lessened its stake in Target Co. (NYSE:TGT) by 15.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,922 shares of the retailer’s stock after selling 1,227 shares during the quarter. Prospera Financial Services Inc’s holdings in Target were worth $457,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in TGT. Krane Funds Advisors LLC acquired a new position in shares of Target during the 2nd quarter worth $25,000. Advisory Alpha LLC acquired a new position in shares of Target during the 1st quarter worth $30,000. Icon Wealth Partners LLC acquired a new position in shares of Target during the 1st quarter worth $31,000. Larson Financial Group LLC acquired a new position in shares of Target during the 2nd quarter worth $31,000. Finally, SRS Capital Advisors Inc. acquired a new position in shares of Target during the 2nd quarter worth $37,000. Hedge funds and other institutional investors own 81.82% of the company’s stock.
NYSE TGT opened at $107.15 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.21 and a debt-to-equity ratio of 1.05. The company has a fifty day simple moving average of $96.19 and a 200 day simple moving average of $85.12. The company has a market cap of $55.18 billion, a P/E ratio of 19.88, a P/E/G ratio of 2.49 and a beta of 0.52. Target Co. has a 1 year low of $60.15 and a 1 year high of $110.94.
Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 21st. The retailer reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.21. Target had a net margin of 4.10% and a return on equity of 27.43%. The firm had revenue of $18.42 billion during the quarter, compared to the consensus estimate of $18.32 billion. During the same period in the prior year, the firm earned $1.47 EPS. The business’s revenue was up 3.6% on a year-over-year basis. Equities research analysts forecast that Target Co. will post 6.13 EPS for the current fiscal year.
In other Target news, insider Cathy R. Smith sold 8,412 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $104.40, for a total value of $878,212.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Don H. Liu sold 4,140 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $99.92, for a total transaction of $413,668.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 93,369 shares of company stock valued at $9,751,164. Insiders own 0.24% of the company’s stock.
Several brokerages have recently commented on TGT. Barclays set a $115.00 price target on shares of Target and gave the stock a “buy” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. set a $115.00 price target on shares of Target and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Bank of America increased their price target on shares of Target from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Guggenheim restated a “hold” rating on shares of Target in a research note on Wednesday, August 21st. Finally, Cowen set a $120.00 price objective on shares of Target and gave the stock a “buy” rating in a report on Wednesday, August 21st. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $102.37.
Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise.
Recommended Story: The primary rules of Elliott Wave theory
Receive News & Ratings for Target Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target and related companies with MarketBeat.com's FREE daily email newsletter.