Bokf Na Trims Stock Position in Target Co. (NYSE:TGT)

Bokf Na decreased its stake in Target Co. (NYSE:TGT) by 26.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,666 shares of the retailer’s stock after selling 10,173 shares during the quarter. Bokf Na’s holdings in Target were worth $4,244,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in Target in the fourth quarter valued at $759,810,000. Boston Partners acquired a new stake in shares of Target during the 1st quarter valued at about $335,870,000. Clearbridge Investments LLC increased its stake in shares of Target by 58.0% in the 4th quarter. Clearbridge Investments LLC now owns 2,683,228 shares of the retailer’s stock valued at $382,145,000 after purchasing an additional 984,464 shares in the last quarter. Focused Investors Fund L P purchased a new position in Target during the first quarter worth approximately $125,536,000. Finally, Swedbank AB acquired a new stake in Target in the first quarter valued at approximately $107,367,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Trading Up 2.0 %

TGT opened at $151.37 on Friday. The stock has a market capitalization 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 Co. has a one year low of $102.93 and a one year 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 business’s 50 day moving average price is $148.02 and its 200 day moving average price is $155.02.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, beating the consensus estimate of $2.18 by $0.39. The business had revenue of $25.02 billion for the quarter, compared to analyst estimates of $25.19 billion. Target had a return on equity of 33.10% and a net margin of 4.18%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.80 EPS. As a group, equities research analysts expect that Target Co. will post 9.53 EPS for the current year.

Insider Buying and Selling at Target

In other Target news, insider Brian C. Cornell sold 45,000 shares of the business’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 sale, the insider now owns 303,843 shares of the company’s stock, valued at $48,210,768.81. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CAO Matthew A. Liegel sold 1,000 shares of the 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 sale, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at $1,114,173.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction that occurred 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 completion of the transaction, 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. Company insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TGT shares. Bank of America upped their target price on Target from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Daiwa Capital Markets upgraded shares of 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. Piper Sandler started coverage on shares of Target in a research report on Wednesday, July 10th. They issued a “neutral” rating and a $156.00 target price on the stock. 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 research report on Thursday, August 22nd. Finally, StockNews.com upgraded Target from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have given 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 a consensus rating of “Moderate Buy” and a consensus target price of $179.68.

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.