Target Co. (NYSE:TGT) Shares Bought by Mystic Asset Management Inc.

Mystic Asset Management Inc. grew its holdings in Target Co. (NYSE:TGT) by 3.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,762 shares of the retailer’s stock after acquiring an additional 194 shares during the period. Mystic Asset Management Inc.’s holdings in Target were worth $853,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Little House Capital LLC acquired a new position in Target during the 1st quarter worth $1,041,000. Nordea Investment Management AB increased its stake in shares of Target by 23.6% during the first quarter. Nordea Investment Management AB now owns 642,340 shares of the retailer’s stock worth $112,686,000 after buying an additional 122,706 shares during the period. QRG Capital Management Inc. raised its holdings in Target by 11.4% in the first quarter. QRG Capital Management Inc. now owns 65,558 shares of the retailer’s stock valued at $11,618,000 after acquiring an additional 6,690 shares in the last quarter. Janney Capital Management LLC acquired a new stake in Target in the first quarter valued at approximately $13,958,000. Finally, United Services Automobile Association lifted its stake in Target by 134.6% in the fourth quarter. United Services Automobile Association now owns 103,785 shares of the retailer’s stock worth $14,781,000 after acquiring an additional 59,553 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Truist Financial raised their price objective on shares of Target from $156.00 to $162.00 and gave the company a “hold” rating in a report on Thursday, August 22nd. Stifel Nicolaus raised their price target on Target from $147.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, August 22nd. Daiwa Capital Markets raised Target from a “neutral” rating to an “outperform” rating and set a $170.00 price objective for the company in a research report on Monday, August 26th. Bank of America increased their price objective on Target from $190.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, TD Cowen boosted their target price on Target from $165.00 to $180.00 and gave the stock a “hold” rating in a research note on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.68.

Target Price Performance

Shares of NYSE TGT opened at $151.36 on Friday. The stock has a fifty day moving average price of $148.02 and a 200 day moving average price of $155.04. Target Co. has a 1-year low of $102.93 and a 1-year high of $181.86. 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 company has a market cap of $69.73 billion, a PE ratio of 16.99, a P/E/G ratio of 1.90 and a beta of 1.24.

Target (NYSE:TGT) last released its earnings results on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, topping the consensus estimate of $2.18 by $0.39. The company had revenue of $25.02 billion during the quarter, compared to analysts’ expectations of $25.19 billion. Target had a net margin of 4.18% and a return on equity of 33.10%. The business’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business earned $1.80 EPS. Sell-side analysts forecast that Target Co. will post 9.53 EPS for the current year.

Insiders Place Their Bets

In other news, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total value of $7,140,150.00. Following the completion of the sale, the insider now directly owns 303,843 shares of the company’s stock, valued at approximately $48,210,768.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Target 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 transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brian C. Cornell sold 45,000 shares of the 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 transaction, the insider now directly owns 303,843 shares of the company’s stock, valued at $48,210,768.81. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by 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.