Excalibur Management Corp Has $1.02 Million Stock Position in Target Co. (NYSE:TGT)

Excalibur Management Corp increased its holdings in shares of Target Co. (NYSE:TGT) by 13.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,907 shares of the retailer’s stock after acquiring an additional 827 shares during the quarter. Excalibur Management Corp’s holdings in Target were worth $1,023,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Target by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 44,945,524 shares of the retailer’s stock worth $6,401,142,000 after purchasing an additional 417,818 shares in the last quarter. Franklin Resources Inc. raised its stake in Target by 1.5% in the 4th quarter. Franklin Resources Inc. now owns 9,531,846 shares of the retailer’s stock worth $1,357,525,000 after purchasing an additional 137,180 shares in the last quarter. Victory Capital Management Inc. raised its stake in Target by 11.4% in the 2nd quarter. Victory Capital Management Inc. now owns 4,316,738 shares of the retailer’s stock worth $639,050,000 after purchasing an additional 440,307 shares in the last quarter. Clearbridge Investments LLC raised its stake in Target by 17.5% in the 1st quarter. Clearbridge Investments LLC now owns 3,153,875 shares of the retailer’s stock worth $558,898,000 after purchasing an additional 470,647 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Target by 16.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,114,400 shares of the retailer’s stock worth $461,031,000 after purchasing an additional 435,229 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TGT. Royal Bank of Canada raised their target price on shares of Target from $174.00 to $177.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. StockNews.com raised shares of Target from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 22nd. Stifel Nicolaus lifted their price target on shares of Target from $147.00 to $165.00 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. Finally, Daiwa Capital Markets raised shares of Target from a “neutral” rating to an “outperform” rating and set a $170.00 price target on the stock in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.68.

Target Stock Up 1.0 %

Shares of NYSE TGT opened at $152.92 on Tuesday. The company has a market capitalization of $70.75 billion, a P/E ratio of 17.16, a price-to-earnings-growth ratio of 1.90 and a beta of 1.24. Target Co. has a 52-week low of $102.93 and a 52-week high of $181.86. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.27 and a current ratio of 0.90. The company’s 50 day moving average price is $148.10 and its 200-day moving average price is $155.07.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.39. The firm had revenue of $25.02 billion for the quarter, compared to the consensus estimate of $25.19 billion. Target had a net margin of 4.18% and a return on equity of 33.10%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.80 EPS. Equities analysts forecast that Target Co. will post 9.53 earnings per share for the current 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 related news, 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 transaction, the chief accounting officer now owns 7,276 shares in the company, valued at approximately $1,114,173.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the insider now owns 303,843 shares of the company’s stock, valued at approximately $48,210,768.81. 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.