US Bancorp DE Decreases Stake in Target Co. (TGT)

US Bancorp DE decreased its stake in Target Co. (NYSE:TGT) by 2.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,820,431 shares of the retailer’s stock after selling 43,985 shares during the period. US Bancorp DE’s holdings in Target were worth $100,470,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in TGT. Tompkins Financial Corp raised its position in shares of Target by 84.0% in the first quarter. Tompkins Financial Corp now owns 1,711 shares of the retailer’s stock valued at $141,000 after buying an additional 781 shares during the period. Cribstone Capital Management LLC raised its position in shares of Target by 114.2% in the first quarter. Cribstone Capital Management LLC now owns 1,906 shares of the retailer’s stock valued at $101,000 after buying an additional 1,016 shares during the period. Reilly Financial Advisors LLC raised its position in shares of Target by 77.6% in the first quarter. Reilly Financial Advisors LLC now owns 2,000 shares of the retailer’s stock valued at $110,000 after buying an additional 874 shares during the period. Pinnacle Bank acquired a new position in shares of Target during the first quarter valued at approximately $123,000. Finally, Peoples Financial Services CORP. raised its position in shares of Target by 116.7% in the first quarter. Peoples Financial Services CORP. now owns 2,275 shares of the retailer’s stock valued at $125,000 after buying an additional 1,225 shares during the period. Institutional investors own 88.53% of the company’s stock.

Institutional Ownership by Quarter for Target (NYSE:TGT)

Target Co. (TGT) opened at 54.63 on Friday. The stock’s 50 day moving average is $55.55 and its 200-day moving average is $62.76. The company has a market capitalization of $30.14 billion, a P/E ratio of 11.19 and a beta of 0.63. Target Co. has a 12-month low of $52.72 and a 12-month high of $79.33.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, May 17th. The retailer reported $1.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.30. Target had a net margin of 4.75% and a return on equity of 25.18%. The business had revenue of $16.02 billion for the quarter, compared to the consensus estimate of $15.63 billion. During the same period in the prior year, the company posted $1.29 earnings per share. Target’s revenue was down 1.1% compared to the same quarter last year. On average, equities analysts predict that Target Co. will post $4.24 earnings per share for the current fiscal year.

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Several research analysts have recently commented on the stock. TheStreet lowered shares of Target from a “b-” rating to a “c+” rating in a research note on Monday, March 27th. Susquehanna Bancshares Inc assumed coverage on shares of Target in a research note on Friday, February 10th. They set a “neutral” rating and a $70.00 price target on the stock. Telsey Advisory Group increased their price target on shares of Target from $58.00 to $60.00 and gave the stock a “market perform” rating in a research note on Thursday, May 18th. Instinet dropped their price target on shares of Target to $60.00 in a research note on Wednesday, March 1st. Finally, Cowen and Company dropped their price target on shares of Target to $64.00 in a research note on Wednesday, March 1st. Six research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have issued a buy rating to the company. Target has an average rating of “Hold” and a consensus price target of $64.76.

Target Company 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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