Focus Partners Wealth Has $10.01 Million Position in Target Corporation $TGT

Focus Partners Wealth raised its position in Target Corporation (NYSE:TGT) by 0.9% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 95,879 shares of the retailer’s stock after buying an additional 818 shares during the period. Focus Partners Wealth’s holdings in Target were worth $10,006,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bernard Wealth Management Corp. acquired a new position in shares of Target during the fourth quarter valued at $29,000. WPG Advisers LLC bought a new stake in Target during the 1st quarter worth about $32,000. 1248 Management LLC acquired a new position in Target during the 1st quarter valued at about $38,000. Heck Capital Advisors LLC bought a new position in shares of Target in the 4th quarter valued at about $40,000. Finally, Atwood & Palmer Inc. boosted its stake in shares of Target by 951.4% in the 1st quarter. Atwood & Palmer Inc. now owns 389 shares of the retailer’s stock valued at $41,000 after purchasing an additional 352 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Trading Down 1.6%

NYSE TGT opened at $90.03 on Friday. Target Corporation has a one year low of $87.35 and a one year high of $161.50. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32. The firm has a market cap of $40.91 billion, a P/E ratio of 10.49, a P/E/G ratio of 2.64 and a beta of 1.16. The stock’s 50-day moving average is $100.52 and its 200-day moving average is $99.98.

Target (NYSE:TGT) last posted its earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.01. The business had revenue of $24.99 billion during the quarter, compared to analysts’ expectations of $24.84 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.Target’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Sell-side analysts anticipate that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on TGT shares. Bank of America restated an “underperform” rating and issued a $93.00 price objective (down from $105.00) on shares of Target in a report on Friday, August 15th. Evercore ISI reduced their price target on Target from $108.00 to $106.00 and set an “in-line” rating on the stock in a research report on Thursday, August 21st. Wedbush reiterated an “outperform” rating on shares of Target in a report on Thursday, July 17th. Morgan Stanley cut their target price on Target from $160.00 to $112.00 and set an “overweight” rating on the stock in a research note on Thursday, May 22nd. Finally, Telsey Advisory Group restated a “market perform” rating and set a $110.00 target price on shares of Target in a research report on Wednesday, August 20th. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $113.74.

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.