12 hours Ago By Defense World Staff
LJI Wealth Management LLC lowered its stake in shares of Target Co. ( NYSE:TGT – Free Report ) by 6.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 7,362 shares of the retailer’s stock after selling 500 shares during the period. LJI Wealth Management LLC’s holdings in Target were worth $1,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other hedge funds have also recently modified their holdings of the company.
Triad Wealth Partners LLC purchased a new position in Target during the 2nd quarter valued at approximately $25,000. Ables Iannone Moore & Associates Inc. purchased a new position in shares of Target in the fourth quarter valued at $28,000.
Slocum Gordon & Co LLP purchased a new position in shares of Target in the second quarter valued at $28,000. Scarborough Advisors LLC bought a new stake in Target in the fourth quarter worth $29,000. Finally, Hobbs Group Advisors LLC purchased a new stake in Target during the second quarter valued at $31,000.
Hedge funds and other institutional investors own 79.73% of the company’s stock. Wall Street Analysts Forecast Growth TGT has been the topic of a number of research reports.
TD Cowen boosted their target price on shares of Target from $165.00 to $180.00 and gave the stock a “hold” rating in a report on Thursday, August 22nd.
Bank of America boosted their price objective on Target from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd.
Roth Mkm upped 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.
Daiwa America upgraded Target to a “strong-buy” rating in a report on Monday, August 26th. Finally, StockNews.com raised Target from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 22nd.
One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Target presently has an average rating of “Moderate Buy” and a consensus price target of $179.
68. Insider Buying and Selling In other Target news, CAO Matthew A. Liegel sold 1,000 shares of the stock in a transaction on Friday, August 30th.
The stock was 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 approximately $1,114,173.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink .
In related news, CAO Matthew A. Liegel sold 1,000 shares of the company’s stock in a transaction on Friday, August 30th. The stock was 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 directly owns 7,276 shares in the company, valued at approximately $1,114,173.
88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website . Also, insider Brian C.
Cornell sold 45,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 303,843 shares in the company, valued at approximately $48,210,768.81.
The disclosure for this sale can be found here . 0.23% of the stock is currently owned by insiders.
Target Price Performance TGT opened at $153.57 on Thursday. The company has a market capitalization of $71.
05 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.90 and a beta of 1.
24. The company has a current ratio of 0.90, a quick ratio of 0.
27 and a debt-to-equity ratio of 0.95. Target Co.
has a 12-month low of $102.93 and a 12-month high of $181.86.
The business’s fifty day simple moving average is $148.34 and its 200-day simple moving average is $155.03.
Target ( NYSE:TGT – Get Free Report ) last posted its earnings results on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.
18 by $0.39. Target had a net margin of 4.
18% and a return on equity of 33.10%. The business had revenue of $25.
02 billion for the quarter, compared to the consensus estimate of $25.19 billion. During the same quarter last year, the firm posted $1.
80 EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis.
On average, equities research analysts anticipate that Target Co. will post 9.53 earnings per share for the current fiscal year.
Target Company Profile ( Free Report ) 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. Featured Stories Five stocks we like better than Target Insider Buying Explained: What Investors Need to Know 3 Beaten-Down Stocks Ready for a Comeback Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index 3 Stocks to Neutralize Market Volatility and Build Wealth What is a buyback in stocks? A comprehensive guide for investors How Much Can You Make in Stocks in One Month? Want to see what other hedge funds are holding TGT? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Target Co. ( NYSE:TGT – Free Report ). Receive News & Ratings for Target Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target and related companies with MarketBeat.
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