UP Strategic Wealth Investment Advisors LLC Buys 290 Shares of Target Co. (NYSE:TGT)

UP Strategic Wealth Investment Advisors LLC increased its stake in shares of Target Co. (NYSE:TGT) by 21.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,673 shares of the retailer’s stock after acquiring an additional 290 shares during the quarter. UP Strategic Wealth Investment Advisors LLC’s holdings in Target were worth $248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Triad Wealth Partners LLC purchased a new position in shares of Target during the second quarter valued at approximately $25,000. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Target in the 4th quarter worth about $28,000. Slocum Gordon & Co LLP bought a new stake in shares of Target during the 2nd quarter valued at about $28,000. Scarborough Advisors LLC purchased a new position in shares of Target during the fourth quarter valued at about $29,000. Finally, Hobbs Group Advisors LLC bought a new position in Target in the second quarter worth about $31,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Matthew A. Liegel sold 1,000 shares of the company’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 transaction, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CAO Matthew A. Liegel sold 1,000 shares of the company’s stock in a transaction on 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 transaction, the chief accounting officer now owns 7,276 shares in the company, valued at $1,114,173.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction 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 sale, the insider now owns 303,843 shares in the company, valued at $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 Analysts Forecast Growth

A number of research firms have weighed in on TGT. JPMorgan Chase & Co. upped their target price on Target from $153.00 to $167.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Roth Mkm raised their price objective on Target from $153.00 to $157.00 and gave the company a “neutral” rating in a research report on Thursday, August 22nd. UBS Group increased their price target on shares of Target from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Telsey Advisory Group boosted their price objective on shares of Target from $190.00 to $195.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Finally, Piper Sandler initiated coverage on shares of Target in a report on Wednesday, July 10th. They set a “neutral” rating and a $156.00 target price for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Target currently has an average rating of “Moderate Buy” and a consensus price target of $179.68.

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’s fifty day simple moving average is $148.34 and its 200-day simple moving average is $155.03. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.27. The stock has a market capitalization of $71.05 billion, a PE ratio of 17.24, a P/E/G 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 EPS for the quarter, topping the consensus estimate of $2.18 by $0.39. The firm had revenue of $25.02 billion for the quarter, compared to the consensus estimate of $25.19 billion. Target had a return on equity of 33.10% and a net margin of 4.18%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.80 earnings per share. As a group, equities analysts anticipate that Target Co. will post 9.53 earnings per share for the current year.

About Target

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.