Rampart Investment Management Company LLC Trims Position in Target Co. (NYSE:TGT)

Rampart Investment Management Company LLC cut its holdings in shares of Target Co. (NYSE:TGT) by 16.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,953 shares of the retailer’s stock after selling 7,754 shares during the period. Rampart Investment Management Company LLC’s holdings in Target were worth $3,460,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TGT. Geode Capital Management LLC increased its stake in shares of Target by 5.8% during the fourth quarter. Geode Capital Management LLC now owns 6,980,549 shares of the retailer’s stock valued at $460,727,000 after buying an additional 381,831 shares during the period. Victory Capital Management Inc. grew its stake in Target by 6.2% in the first quarter. Victory Capital Management Inc. now owns 176,863 shares of the retailer’s stock worth $14,195,000 after purchasing an additional 10,290 shares during the period. Moors & Cabot Inc. grew its stake in Target by 5.5% in the first quarter. Moors & Cabot Inc. now owns 10,131 shares of the retailer’s stock worth $813,000 after purchasing an additional 526 shares during the period. Sumitomo Mitsui Asset Management Company LTD grew its stake in Target by 1.3% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 34,780 shares of the retailer’s stock worth $2,791,000 after purchasing an additional 457 shares during the period. Finally, Stratos Wealth Advisors LLC purchased a new stake in Target in the first quarter worth $222,000. 81.82% of the stock is currently owned by hedge funds and other institutional investors.

TGT has been the topic of several recent research reports. KeyCorp upped their price target on Target from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Wells Fargo & Co raised Target from a “market perform” rating to an “outperform” rating and set a $115.00 price target on the stock in a research note on Wednesday, August 21st. Bank of America upped their price target on Target from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Robert W. Baird set a $115.00 price target on Target and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Finally, Deutsche Bank raised Target from a “hold” rating to a “buy” rating and upped their price target for the stock from $85.00 to $99.00 in a research note on Monday, August 5th. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $102.37.

Target stock traded down $1.13 during mid-day trading on Monday, hitting $106.86. The company had a trading volume of 1,915,099 shares, compared to its average volume of 7,495,316. The company has a current ratio of 0.84, a quick ratio of 0.21 and a debt-to-equity ratio of 1.05. The stock’s 50 day moving average price is $94.59 and its two-hundred day moving average price is $84.42. Target Co. has a 12 month low of $60.15 and a 12 month high of $110.94. The company has a market capitalization of $55.66 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 2.51 and a beta of 0.53.

Target (NYSE:TGT) last released its earnings results on Wednesday, August 21st. The retailer reported $1.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.21. Target had a return on equity of 27.43% and a net margin of 4.10%. The business had revenue of $18.42 billion for the quarter, compared to the consensus estimate of $18.32 billion. During the same period in the previous year, the company posted $1.47 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. Equities research analysts anticipate that Target Co. will post 6.13 EPS for the current year.

In other news, insider Michael Edward Mcnamara sold 11,891 shares of the company’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $88.79, for a total transaction of $1,055,801.89. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Laysha Ward sold 20,000 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $110.23, for a total value of $2,204,600.00. Following the transaction, the insider now directly owns 88,171 shares in the company, valued at $9,719,089.33. The disclosure for this sale can be found here. Insiders sold 93,369 shares of company stock worth $9,751,164 over the last three months. Corporate insiders own 0.24% of the company’s stock.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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