Luts & Greenleigh Group Inc. Invests $219,000 in Target Co. (NYSE:TGT)

Luts & Greenleigh Group Inc. purchased a new position in Target Co. (NYSE:TGT) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 1,478 shares of the retailer’s stock, valued at approximately $219,000.

Several other institutional investors have also modified their holdings of TGT. Triad Wealth Partners LLC acquired a new position in shares of Target in the 2nd quarter valued at $25,000. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Target during the 4th quarter worth about $28,000. Slocum Gordon & Co LLP bought a new position in shares of Target in the 2nd quarter valued at approximately $28,000. Scarborough Advisors LLC bought a new position in shares of Target in the 4th quarter valued at approximately $29,000. Finally, Hobbs Group Advisors LLC bought a new stake in shares of Target in the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Performance

Shares of Target stock opened at $152.92 on Tuesday. Target Co. has a 12 month low of $102.93 and a 12 month high of $181.86. The firm has a market capitalization of $70.75 billion, a P/E ratio of 17.16, a price-to-earnings-growth ratio of 1.90 and a beta of 1.24. The business’s fifty day simple moving average is $148.10 and its 200 day simple moving average is $155.07. 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 (NYSE:TGT) last posted 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 company had revenue of $25.02 billion during the quarter, compared to analyst estimates of $25.19 billion. Target had a net margin of 4.18% and a return on equity of 33.10%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.80 earnings per share. As a group, analysts anticipate that Target Co. will post 9.53 EPS for the current year.

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 completion of the transaction, the chief accounting officer now directly owns 7,276 shares of the company’s stock, valued at $1,114,173.88. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction on 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Matthew A. Liegel sold 1,000 shares of Target stock in a transaction dated 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 disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on TGT. Piper Sandler started coverage on Target in a research report on Wednesday, July 10th. They issued a “neutral” rating and a $156.00 target price for the company. BMO Capital Markets reduced their target price on Target from $170.00 to $155.00 and set a “market perform” rating on the stock in a report on Thursday, May 23rd. Evercore ISI raised their target price on Target from $158.00 to $160.00 and gave the stock an “inline” rating in a report on Thursday, August 22nd. StockNews.com upgraded Target from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 22nd. Finally, Truist Financial raised their target price on Target from $156.00 to $162.00 and gave the stock a “hold” rating in a report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.68.

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.