LPL Financial LLC Has $101.10 Million Holdings in Target Co. (NYSE:TGT)

LPL Financial LLC grew its holdings in shares of Target Co. (NYSE:TGT) by 9.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 682,927 shares of the retailer’s stock after purchasing an additional 57,581 shares during the period. LPL Financial LLC owned about 0.15% of Target worth $101,100,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Triad Wealth Partners LLC acquired a new position in shares of Target during the 2nd quarter worth approximately $25,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Target during the 4th quarter worth approximately $28,000. Slocum Gordon & Co LLP acquired a new position in shares of Target during the 2nd quarter worth approximately $28,000. Private Wealth Management Group LLC acquired a new position in shares of Target during the 4th quarter worth approximately $29,000. Finally, Scarborough Advisors LLC acquired a new position in shares of Target during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Trading Up 0.8 %

TGT opened at $148.47 on Friday. Target Co. has a twelve month low of $102.93 and a twelve month high of $181.86. The company has a quick ratio of 0.27, a current ratio of 0.90 and a debt-to-equity ratio of 0.95. The company has a fifty day moving average of $147.91 and a 200-day moving average of $155.01. The stock has a market cap of $68.69 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 1.95 and a beta of 1.24.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, topping 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 company had revenue of $25.02 billion during the quarter, compared to analysts’ expectations of $25.19 billion. During the same period in the prior year, the company posted $1.80 earnings per share. Target’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, sell-side analysts predict that Target Co. will post 9.53 EPS for the current year.

Analyst Upgrades and Downgrades

TGT has been the subject of a number of recent analyst reports. Evercore ISI upped their price target on shares of Target from $158.00 to $160.00 and gave the stock an “inline” rating in a report on Thursday, August 22nd. Stifel Nicolaus upped their price target on shares of Target from $147.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, August 22nd. TD Cowen upped their price target on shares of Target from $165.00 to $180.00 and gave the stock a “hold” rating in a report on Thursday, August 22nd. BMO Capital Markets cut their price target on shares of Target from $170.00 to $155.00 and set a “market perform” rating for the company in a report on Thursday, May 23rd. Finally, Daiwa Capital Markets raised shares of Target from a “neutral” rating to an “outperform” rating and set a $170.00 price target for the company in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $179.68.

Insider Transactions at Target

In other Target news, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were 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 in the company, valued at $48,210,768.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Target news, CAO Matthew A. Liegel sold 1,000 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $153.13, for a total value of $153,130.00. Following the completion of the sale, 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 the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was 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 disclosure for this sale can be found here. 0.23% of the stock is currently owned by corporate insiders.

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.