Target Co. (NYSE:TGT) Shares Sold by Lantz Financial LLC

Lantz Financial LLC lowered its position in Target Co. (NYSE:TGT) by 3.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,059 shares of the retailer’s stock after selling 146 shares during the quarter. Lantz Financial LLC’s holdings in Target were worth $601,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Washington Trust Advisors Inc. boosted its position in 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 during the period. Williams Jones Wealth Management LLC. grew its stake in shares of Target by 0.6% in the 1st quarter. Williams Jones Wealth Management LLC. now owns 10,773 shares of the retailer’s stock valued at $1,909,000 after purchasing an additional 68 shares during the last quarter. Godshalk Welsh Capital Management Inc. lifted its holdings 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 during the period. Haverford Trust Co raised its position in Target by 0.3% during the 1st quarter. Haverford Trust Co now owns 27,472 shares of the retailer’s stock worth $4,868,000 after buying an additional 70 shares during the last quarter. Finally, Texas Yale Capital Corp. boosted its stake in shares of Target by 1.1% in the first quarter. Texas Yale Capital Corp. now owns 6,438 shares of the retailer’s stock valued at $1,141,000 after buying an additional 70 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Price Performance

NYSE TGT opened at $148.05 on Wednesday. The stock has a market capitalization of $68.49 billion, a P/E ratio of 16.62, a P/E/G ratio of 1.95 and a beta of 1.24. 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 business’s fifty day moving average is $147.78 and its two-hundred day moving average is $155.11. Target Co. has a 1 year low of $102.93 and a 1 year high of $181.86.

Target (NYSE:TGT) last announced its earnings results on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, topping the consensus estimate of $2.18 by $0.39. The company had revenue of $25.02 billion during the quarter, compared to analysts’ expectations of $25.19 billion. Target had a net margin of 4.18% and a return on equity of 33.10%. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the company posted $1.80 earnings per share. On average, research analysts forecast that Target Co. will post 9.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Target news, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now owns 303,843 shares of the company’s stock, valued at approximately $48,210,768.81. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Target news, CAO Matthew A. Liegel sold 1,000 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $153.13, for a total value of $153,130.00. Following the transaction, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at $1,114,173.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total transaction 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. Company insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. UBS Group boosted their target price on Target from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Stifel Nicolaus raised their price target on Target from $147.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, August 22nd. Wells Fargo & Company raised their price target on shares of Target from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. BNP Paribas started coverage on shares of Target in a research report on Monday, June 3rd. They set an “underperform” rating and a $116.00 target price on the stock. Finally, Truist Financial lifted their price objective on Target from $156.00 to $162.00 and gave the company a “hold” 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 given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $179.68.

Target Company 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.