Abich Financial Wealth Management LLC Raises Stock Holdings in Target Co. (NYSE:TGT)

Abich Financial Wealth Management LLC increased its holdings in shares of Target Co. (NYSE:TGT) by 2,420.0% in the second quarter, Holdings Channel.com reports. The fund owned 1,260 shares of the retailer’s stock after buying an additional 1,210 shares during the quarter. Abich Financial Wealth Management LLC’s holdings in Target were worth $187,000 at the end of the most recent quarter.

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

Insider Buying and Selling at Target

In other Target news, CAO Matthew A. Liegel sold 1,000 shares of Target stock in a transaction dated 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 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 sale, the insider now owns 303,843 shares in the company, valued at approximately $48,210,768.81. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Matthew A. Liegel sold 1,000 shares of Target stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 7,276 shares of the company’s stock, valued at $1,114,173.88. The disclosure for this sale can be found here. 0.23% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TGT shares. Truist Financial raised their price objective on Target from $156.00 to $162.00 and gave the stock a “hold” rating in a report on Thursday, August 22nd. UBS Group lifted their price objective on Target from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $195.00 price objective on shares of Target in a research note on Thursday, September 19th. Daiwa America raised shares of Target to a “strong-buy” rating in a research report on Monday, August 26th. Finally, Royal Bank of Canada lifted their price objective on shares of Target from $174.00 to $177.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $179.69.

Target Stock Up 0.6 %

Target stock opened at $156.18 on Wednesday. Target Co. has a fifty-two week low of $102.93 and a fifty-two week high of $181.86. The company has a market cap of $71.95 billion, a PE ratio of 17.53, a PEG ratio of 2.00 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 50-day simple moving average is $148.58 and its two-hundred day simple moving average is $154.64.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.39. The company had revenue of $25.02 billion for the quarter, compared to the consensus estimate of $25.19 billion. Target had a net margin of 4.18% and a return on equity of 33.10%. Target’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.80 EPS. Equities analysts anticipate that Target Co. will post 9.53 EPS for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 2.87%. The ex-dividend date is Wednesday, November 20th. Target’s payout ratio is 50.28%.

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.