Sierra Summit Advisors LLC Grows Position in Target Co. (NYSE:TGT)

Sierra Summit Advisors LLC boosted its holdings in Target Co. (NYSE:TGT) by 9.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,178 shares of the retailer’s stock after buying an additional 796 shares during the quarter. Sierra Summit Advisors LLC’s holdings in Target were worth $1,359,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Washington Trust Advisors Inc. boosted its holdings in shares of Target by 56.1% in the 1st quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock valued at $32,000 after buying an additional 64 shares in the last quarter. Williams Jones Wealth Management LLC. boosted its stake in Target by 0.6% in the first quarter. Williams Jones Wealth Management LLC. now owns 10,773 shares of the retailer’s stock valued at $1,909,000 after acquiring an additional 68 shares in the last quarter. Beacon Capital Management LLC boosted its stake in Target by 20.8% in the second quarter. Beacon Capital Management LLC now owns 400 shares of the retailer’s stock valued at $59,000 after acquiring an additional 69 shares in the last quarter. Integral Investment Advisors Inc. grew its holdings in Target by 5.3% in the second quarter. Integral Investment Advisors Inc. now owns 1,382 shares of the retailer’s stock worth $203,000 after purchasing an additional 69 shares during the last quarter. Finally, Godshalk Welsh Capital Management Inc. increased its position in shares of Target by 0.9% during the fourth quarter. Godshalk Welsh Capital Management Inc. now owns 8,130 shares of the retailer’s stock worth $1,158,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Insider Transactions at Target

In related news, CAO Matthew A. Liegel sold 1,000 shares of Target 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 sale, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Matthew A. Liegel sold 1,000 shares of the company’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 transaction, 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 legal filing with the SEC, which can be accessed through the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction dated Tuesday, August 27th. The stock was 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 $48,210,768.81. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

Target Stock Up 2.0 %

TGT opened at $151.36 on Monday. The company has a fifty day moving average of $148.02 and a two-hundred day moving average of $155.07. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.27 and a current ratio of 0.90. Target Co. has a fifty-two week low of $102.93 and a fifty-two week high of $181.86. The stock has a market capitalization of $70.02 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 1.90 and a beta of 1.24.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.39. The firm had revenue of $25.02 billion during the quarter, compared to analyst estimates of $25.19 billion. Target had a return on equity of 33.10% and a net margin of 4.18%. Target’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.80 EPS. On average, research analysts expect that Target Co. will post 9.53 earnings per share for the current year.

Wall Street Analyst Weigh In

TGT has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their price objective on Target from $174.00 to $177.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Evercore ISI boosted their price target on Target from $158.00 to $160.00 and gave the stock an “inline” rating in a research note on Thursday, August 22nd. Truist Financial upped their price objective on shares of Target from $156.00 to $162.00 and gave the company a “hold” rating in a report on Thursday, August 22nd. Piper Sandler began coverage on shares of Target in a research note on Wednesday, July 10th. They issued a “neutral” rating and a $156.00 target price for the company. Finally, Stifel Nicolaus upped their price target on shares of Target from $147.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, August 22nd. 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 issued a strong buy rating to the company’s stock. According to MarketBeat, Target currently has a consensus rating of “Moderate Buy” and an average target price of $179.68.

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.