Target Co. (NYSE:TGT) Shares Sold by Wealth Alliance

Wealth Alliance reduced its stake in Target Co. (NYSE:TGT) by 4.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,214 shares of the retailer’s stock after selling 302 shares during the quarter. Wealth Alliance’s holdings in Target were worth $920,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Triad Wealth Partners LLC acquired a new stake in Target during the 2nd quarter worth approximately $25,000. Washington Trust Advisors Inc. lifted its holdings in Target by 56.1% during the 1st quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock worth $32,000 after buying an additional 64 shares in the last quarter. Slocum Gordon & Co LLP acquired a new stake in Target during the 2nd quarter worth approximately $28,000. Retirement Group LLC lifted its holdings in Target by 85.0% during the 1st quarter. Retirement Group LLC now owns 198 shares of the retailer’s stock worth $35,000 after buying an additional 91 shares in the last quarter. Finally, Ables Iannone Moore & Associates Inc. acquired a new stake in Target during the 4th quarter worth approximately $28,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Trading Up 1.1 %

Shares of Target stock opened at $153.57 on Thursday. Target Co. has a 1 year low of $102.93 and a 1 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 company has a market capitalization of $71.05 billion, a P/E ratio of 17.24, a PEG ratio of 1.90 and a beta of 1.24. The company’s fifty day moving average is $148.34 and its two-hundred day moving average is $155.03.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $25.19 billion. During the same period last year, the firm posted $1.80 EPS. Target’s revenue for the quarter was up 1.0% on a year-over-year basis. Analysts forecast that Target Co. will post 9.53 earnings per share for the current year.

Insider Transactions at Target

In other 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 owns 7,276 shares in the company, valued at approximately $1,114,173.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other 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 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 can be accessed through this hyperlink. Also, CAO Matthew A. Liegel sold 1,000 shares of the firm’s 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 completion of the sale, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TGT shares. BMO Capital Markets reduced their target price on shares of Target from $170.00 to $155.00 and set a “market perform” rating on the stock in a report on Thursday, May 23rd. Oppenheimer dropped their price objective on shares of 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 reissued an “outperform” rating and issued a $190.00 price objective on shares of Target in a research report on Thursday, May 23rd. Telsey Advisory Group increased their price objective on shares of Target from $190.00 to $195.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Finally, Piper Sandler initiated coverage on shares of Target in a research report on Wednesday, July 10th. They issued a “neutral” rating and a $156.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Target currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.68.

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.