Cutter & CO Brokerage Inc. Acquires 925 Shares of Target Corporation (TGT)
Cutter & CO Brokerage Inc. lifted its holdings in Target Corporation (NYSE:TGT) by 16.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,650 shares of the retailer’s stock after purchasing an additional 925 shares during the period. Cutter & CO Brokerage Inc.’s holdings in Target Corporation were worth $348,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in TGT. Penserra Capital Management LLC increased its position in shares of Target Corporation by 9.5% in the first quarter. Penserra Capital Management LLC now owns 2,346 shares of the retailer’s stock worth $129,000 after acquiring an additional 204 shares in the last quarter. Davidson Investment Advisors increased its position in shares of Target Corporation by 18.5% in the first quarter. Davidson Investment Advisors now owns 2,559 shares of the retailer’s stock worth $141,000 after acquiring an additional 400 shares in the last quarter. Kistler Tiffany Companies LLC increased its position in shares of Target Corporation by 19.1% in the second quarter. Kistler Tiffany Companies LLC now owns 2,775 shares of the retailer’s stock worth $145,000 after acquiring an additional 445 shares in the last quarter. Washington Trust Bank increased its position in shares of Target Corporation by 105.6% in the second quarter. Washington Trust Bank now owns 3,067 shares of the retailer’s stock worth $160,000 after acquiring an additional 1,575 shares in the last quarter. Finally, Massey Quick & Co. LLC purchased a new position in shares of Target Corporation in the first quarter worth approximately $180,000. 83.33% of the stock is currently owned by institutional investors.
Target Corporation (TGT) opened at 59.96 on Friday. The company has a market cap of $32.75 billion, a price-to-earnings ratio of 12.12 and a beta of 0.60. Target Corporation has a 12 month low of $48.56 and a 12 month high of $79.33. The company’s 50-day moving average is $56.66 and its 200-day moving average is $55.03.
Target Corporation (NYSE:TGT) last announced its quarterly earnings results on Wednesday, August 16th. The retailer reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.03. Target Corporation had a return on equity of 25.06% and a net margin of 3.99%. The business had revenue of $16.43 billion during the quarter, compared to the consensus estimate of $16.30 billion. During the same quarter last year, the firm posted $1.23 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis. On average, equities research analysts anticipate that Target Corporation will post $4.51 earnings per share for the current year.
Several research analysts have recently weighed in on TGT shares. BidaskClub raised shares of Target Corporation from a “hold” rating to a “buy” rating in a research report on Sunday, August 6th. Vetr downgraded shares of Target Corporation from a “buy” rating to a “hold” rating and set a $59.67 target price on the stock. in a research report on Monday, August 7th. Zacks Investment Research cut shares of Target Corporation from a “buy” rating to a “hold” rating in a report on Monday, August 21st. Jefferies Group LLC restated a “hold” rating on shares of Target Corporation in a report on Friday, August 25th. Finally, BMO Capital Markets restated a “market weight” rating on shares of Target Corporation in a report on Thursday. Five equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $61.64.
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In other Target Corporation news, insider Robert M. Harrison sold 2,639 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $52.05, for a total transaction of $137,359.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.25% of the company’s stock.
About Target Corporation
Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.
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