EP Wealth Advisors LLC Buys 4,397 Shares of Target Co.

EP Wealth Advisors LLC acquired a new position in Target Co. during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,397 shares of Target stock, valued at approximately $222,000.

Other hedge funds that modified their holdings of Target include Healthcare of Ontario Pension Plan Trust Fund, Zions Bancorporation N.A., Covestor Ltd, Merit Financial Group LLC, and Ergoteles LLC. These funds increased their holdings in shares of Target during the first quarter, with Ergoteles LLC experiencing a 191.5% increase.

In terms of insider activity, insider Brian C. Cornell sold 30,000 shares of Target stock in August, totaling approximately $3.9 million. Following the transaction, Cornell now directly owns 399,669 shares of the company’s stock.

Analyst reports on Target have been mixed, with Piper Sandler dropping its target price on the retailer’s stock. Wells Fargo & Company and Oppenheimer also dropped their price targets on Target. Citigroup lowered its rating for the company from “buy” to “neutral”, while Raymond James lowered its rating from “strong-buy” to “market perform”. On the other hand, 17 research analysts have given Target a “hold” rating and 14 have given it a “buy” rating.

Target stock opened at $119.34 on Tuesday and has a 52-week low of $118.55 and a 52-week high of $181.70. The company’s debt-to-equity ratio is 1.24, and it has a market capitalization of $55.09 billion. Target last reported quarterly earnings on August 16th, with earnings per share of $1.80, beating analysts’ estimates.


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