Thoroughbred Financial Services LLC Has $1.02 Million Position in Target Co. (NYSE:TGT)

Thoroughbred Financial Services LLC boosted its holdings in shares of Target Co. (NYSE:TGT) by 186.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 6,889 shares of the retailer’s stock after acquiring an additional 4,481 shares during the period. Thoroughbred Financial Services LLC’s holdings in Target were worth $1,019,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of TGT. Triad Wealth Partners LLC acquired a new stake in Target during the 2nd quarter worth $25,000. Ables Iannone Moore & Associates Inc. acquired a new stake in Target during the 4th quarter worth $28,000. Slocum Gordon & Co LLP acquired a new stake in Target during the 2nd quarter worth $28,000. Scarborough Advisors LLC acquired a new stake in Target during the 4th quarter worth $29,000. Finally, Hobbs Group Advisors LLC acquired a new stake in Target during the 2nd quarter worth $31,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Activity at Target

In related news, CAO Matthew A. Liegel sold 1,000 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $153.13, for a total value of $153,130.00. Following the transaction, the chief accounting officer now directly owns 7,276 shares in the company, valued at $1,114,173.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $48,210,768.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matthew A. Liegel sold 1,000 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $153.13, for a total transaction of $153,130.00. Following the sale, the chief accounting officer now directly 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 currently owned by corporate insiders.

Target Stock Performance

Shares of NYSE TGT opened at $151.36 on Monday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.27. The firm has a market cap of $70.02 billion, a price-to-earnings ratio of 16.99, a P/E/G ratio of 1.90 and a beta of 1.24. The stock’s fifty day moving average price is $148.02 and its two-hundred day moving average price is $155.07. Target Co. has a one year low of $102.93 and a one year high of $181.86.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, beating the consensus estimate of $2.18 by $0.39. Target had a net margin of 4.18% and a return on equity of 33.10%. The business had revenue of $25.02 billion for the quarter, compared to the consensus estimate of $25.19 billion. During the same period in the prior year, the company posted $1.80 earnings per share. Target’s revenue was up 1.0% compared to the same quarter last year. On average, equities analysts forecast that Target Co. will post 9.53 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on TGT shares. Daiwa Capital Markets raised shares of Target from a “neutral” rating to an “outperform” rating and set a $170.00 target price for the company in a report on Monday, August 26th. BNP Paribas assumed coverage on shares of Target in a research report on Monday, June 3rd. They set an “underperform” rating and a $116.00 price target on the stock. TD Cowen lifted their price target on shares of Target from $165.00 to $180.00 and gave the stock a “hold” rating in a research report on Thursday, August 22nd. Daiwa America raised shares of Target to a “strong-buy” rating in a research report on Monday, August 26th. Finally, UBS Group lifted their price target on shares of Target from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $179.68.

Target 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.