Target Co. (NYSE:TGT) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its stake in Target Co. (NYSE:TGT) by 6.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 93,434 shares of the retailer’s stock after selling 6,268 shares during the period. Amalgamated Bank’s holdings in Target were worth $13,832,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of TGT. Triad Wealth Partners LLC bought a new stake in Target in the second quarter valued at about $25,000. Washington Trust Advisors Inc. grew its position in shares of Target by 56.1% in the 1st quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock worth $32,000 after acquiring an additional 64 shares in the last quarter. Slocum Gordon & Co LLP bought a new stake in shares of Target in the 2nd quarter valued at approximately $28,000. Retirement Group LLC raised its position in shares of Target by 85.0% during the 1st quarter. Retirement Group LLC now owns 198 shares of the retailer’s stock valued at $35,000 after acquiring an additional 91 shares in the last quarter. Finally, Ables Iannone Moore & Associates Inc. bought a new position in Target during the fourth quarter worth $28,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Buying and Selling at Target

In related 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 transaction, the chief accounting officer now directly owns 7,276 shares in the company, valued at approximately $1,114,173.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Matthew A. Liegel sold 1,000 shares of the company’s 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 sale, 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 document filed with the SEC, which is available at 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 transaction, 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. 0.23% of the stock is owned by corporate insiders.

Target Price Performance

NYSE:TGT opened at $153.57 on Thursday. Target Co. has a 52-week low of $102.93 and a 52-week high of $181.86. The company has a quick ratio of 0.27, a current ratio of 0.90 and a debt-to-equity ratio of 0.95. The firm has a market cap of $71.05 billion, a P/E ratio of 17.24, a PEG ratio of 1.90 and a beta of 1.24. The business’s 50-day moving average price is $148.34 and its 200 day moving average price is $155.03.

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

Analysts Set New Price Targets

Several research firms have weighed in on TGT. Truist Financial boosted 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. UBS Group increased their price objective on shares of Target from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. JPMorgan Chase & Co. raised their target price on shares of Target from $153.00 to $167.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Telsey Advisory Group increased their price target on Target from $190.00 to $195.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Finally, Daiwa America raised Target to a “strong-buy” rating in a report on Monday, August 26th. 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.