SYM FINANCIAL Corp Invests $298,000 in Target Co. (NYSE:TGT)

SYM FINANCIAL Corp bought a new position in shares of Target Co. (NYSE:TGT) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,010 shares of the retailer’s stock, valued at approximately $298,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Triad Wealth Partners LLC acquired a new position in shares of Target during the 2nd quarter worth approximately $25,000. Washington Trust Advisors Inc. boosted its holdings in shares of Target by 56.1% during the 1st quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock worth $32,000 after purchasing an additional 64 shares during the last quarter. Slocum Gordon & Co LLP acquired a new position in shares of Target during the 2nd quarter worth approximately $28,000. Retirement Group LLC boosted its holdings in shares of Target by 85.0% during the 1st quarter. Retirement Group LLC now owns 198 shares of the retailer’s stock worth $35,000 after purchasing an additional 91 shares during the last quarter. Finally, Ables Iannone Moore & Associates Inc. acquired a new position in Target in the fourth quarter valued at approximately $28,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TGT has been the topic of a number of recent analyst reports. Citigroup upped their price objective on Target from $180.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Daiwa Capital Markets upgraded Target from a “neutral” rating to an “outperform” rating and set a $170.00 price objective on the stock in a report on Monday, August 26th. Telsey Advisory Group upped their price objective on Target from $190.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Stifel Nicolaus upped their price objective on Target from $147.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, August 22nd. Finally, BNP Paribas initiated coverage on Target in a report on Monday, June 3rd. They issued an “underperform” rating and a $116.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned 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.

Insider Activity at Target

In related news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction 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 transaction, the insider now owns 303,843 shares of the company’s stock, valued at $48,210,768.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Target news, CAO Matthew A. Liegel sold 1,000 shares of the firm’s 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 transaction, the chief accounting officer now 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 accessible through the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the firm’s 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 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 currently owned by corporate insiders.

Target Stock Performance

NYSE:TGT opened at $148.47 on Friday. The firm has a market capitalization of $68.40 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 1.90 and a beta of 1.24. The business’s fifty day moving average price is $147.91 and its 200 day moving average price is $155.01. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.27. Target Co. has a 12 month low of $102.93 and a 12 month high of $181.86.

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

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.