EP Wealth Advisors LLC Has $2.08 Million Holdings in Target Co. (NYSE:TGT)

EP Wealth Advisors LLC raised its holdings in shares of Target Co. (NYSE:TGT) by 54.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,052 shares of the retailer’s stock after acquiring an additional 4,944 shares during the quarter. EP Wealth Advisors LLC’s holdings in Target were worth $2,080,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in TGT. Jones Financial Companies Lllp boosted its position in Target by 27.1% during the fourth quarter. Jones Financial Companies Lllp now owns 5,865 shares of the retailer’s stock valued at $835,000 after purchasing an additional 1,251 shares during the last quarter. CWA Asset Management Group LLC raised its stake in shares of Target by 97.4% during the 4th quarter. CWA Asset Management Group LLC now owns 6,140 shares of the retailer’s stock worth $874,000 after purchasing an additional 3,030 shares in the last quarter. NEOS Investment Management LLC lifted its holdings in shares of Target by 46.4% during the 4th quarter. NEOS Investment Management LLC now owns 6,561 shares of the retailer’s stock valued at $934,000 after buying an additional 2,078 shares during the last quarter. Rafferty Asset Management LLC grew its stake in shares of Target by 5.8% in the 4th quarter. Rafferty Asset Management LLC now owns 40,255 shares of the retailer’s stock valued at $5,733,000 after buying an additional 2,219 shares in the last quarter. Finally, Peapack Gladstone Financial Corp increased its holdings in Target by 6.9% in the fourth quarter. Peapack Gladstone Financial Corp now owns 16,340 shares of the retailer’s stock worth $2,326,000 after buying an additional 1,054 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Transactions at Target

In other Target news, insider Richard H. Gomez sold 6,348 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $157.17, for a total value of $997,715.16. Following the transaction, the insider now directly owns 123,551 shares in the company, valued at $19,418,510.67. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Target news, CAO Matthew A. Liegel sold 1,000 shares of Target 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 completion of the transaction, the chief accounting officer now owns 7,276 shares in the company, valued at approximately $1,114,173.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Richard H. Gomez sold 6,348 shares of the firm’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $157.17, for a total value of $997,715.16. Following the completion of the sale, the insider now owns 123,551 shares of the company’s stock, valued at $19,418,510.67. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,348 shares of company stock valued at $8,290,995. 0.23% of the stock is owned by insiders.

Target Stock Performance

NYSE TGT opened at $152.20 on Wednesday. The stock has a market cap of $70.41 billion, a P/E ratio of 17.08, a PEG ratio of 2.00 and a beta of 1.24. The company has a quick ratio of 0.27, a current ratio of 0.90 and a debt-to-equity ratio of 0.95. Target Co. has a twelve month low of $102.93 and a twelve month high of $181.86. The company’s 50-day simple moving average is $148.89 and its 200 day simple moving average is $154.24.

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

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Wednesday, November 20th. Target’s payout ratio is 50.28%.

Analyst Upgrades and Downgrades

TGT has been the subject of a number of analyst reports. Truist Financial lifted their target price on shares of Target from $156.00 to $162.00 and gave the company a “hold” rating in a research note on Thursday, August 22nd. Stifel Nicolaus upped their price objective on shares of Target from $147.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, August 22nd. TD Cowen raised their target price on Target from $165.00 to $180.00 and gave the company a “hold” rating in a report on Thursday, August 22nd. StockNews.com upgraded Target from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 22nd. Finally, Wells Fargo & Company raised their price objective on Target from $160.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen 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 a consensus rating of “Moderate Buy” and an average target price of $179.69.

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.