Envestnet Asset Management Inc. Has $188.50 Million Stock Position in Target Co. (NYSE:TGT)

Envestnet Asset Management Inc. lowered its position in shares of Target Co. (NYSE:TGT) by 3.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,273,279 shares of the retailer’s stock after selling 50,811 shares during the quarter. Envestnet Asset Management Inc. owned 0.28% of Target worth $188,496,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Washington Trust Advisors Inc. boosted its position in Target by 56.1% in the first quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock worth $32,000 after purchasing an additional 64 shares during the last quarter. Williams Jones Wealth Management LLC. boosted its position in Target by 0.6% in the first quarter. Williams Jones Wealth Management LLC. now owns 10,773 shares of the retailer’s stock worth $1,909,000 after purchasing an additional 68 shares during the last quarter. Beacon Capital Management LLC lifted its position in shares of Target by 20.8% during the 2nd quarter. Beacon Capital Management LLC now owns 400 shares of the retailer’s stock valued at $59,000 after buying an additional 69 shares during the last quarter. Integral Investment Advisors Inc. lifted its position in shares of Target by 5.3% during the 2nd quarter. Integral Investment Advisors Inc. now owns 1,382 shares of the retailer’s stock valued at $203,000 after buying an additional 69 shares during the last quarter. Finally, Godshalk Welsh Capital Management Inc. lifted its position in shares of Target by 0.9% during the 4th quarter. Godshalk Welsh Capital Management Inc. now owns 8,130 shares of the retailer’s stock valued at $1,158,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TGT shares. JPMorgan Chase & Co. upped their price target on Target from $153.00 to $167.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Royal Bank of Canada upped their price target on Target from $174.00 to $177.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Oppenheimer dropped their price target on Target from $200.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. Robert W. Baird reaffirmed an “outperform” rating and set a $190.00 price target on shares of Target in a research report on Thursday, May 23rd. Finally, BMO Capital Markets dropped their price target on Target from $170.00 to $155.00 and set a “market perform” rating on the stock in a research report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $179.68.

Insider Transactions at Target

In other news, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 303,843 shares in the company, valued at approximately $48,210,768.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 303,843 shares in the company, valued at approximately $48,210,768.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 value of $153,130.00. Following the completion of the transaction, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at $1,114,173.88. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

Target Price Performance

TGT opened at $151.36 on Monday. The stock has a 50-day moving average price of $148.02 and a 200-day moving average price of $155.07. Target Co. has a 12-month low of $102.93 and a 12-month high of $181.86. The company has a current ratio of 0.90, a quick ratio of 0.27 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $70.02 billion, a P/E ratio of 16.99, a PEG ratio of 1.90 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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.39. Target had a return on equity of 33.10% and a net margin of 4.18%. The firm 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 business earned $1.80 EPS. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. Equities analysts predict that Target Co. will post 9.53 earnings per share for the current fiscal year.

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.