Gradient Investments LLC Purchases 16,004 Shares of Target Corporation $TGT

Gradient Investments LLC boosted its position in shares of Target Corporation (NYSE:TGT) by 6.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 283,989 shares of the retailer’s stock after buying an additional 16,004 shares during the quarter. Gradient Investments LLC owned approximately 0.06% of Target worth $25,474,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in TGT. WFA of San Diego LLC bought a new position in shares of Target during the second quarter valued at about $25,000. Kozak & Associates Inc. raised its position in Target by 2,530.0% during the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after purchasing an additional 253 shares during the last quarter. Raleigh Capital Management Inc. lifted its holdings in Target by 63.4% in the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after buying an additional 102 shares during the period. Investment Research & Advisory Group Inc. purchased a new stake in Target in the 2nd quarter worth approximately $29,000. Finally, Heartwood Wealth Advisors LLC bought a new stake in shares of Target in the 3rd quarter worth approximately $27,000. Institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TGT. Mizuho dropped their price target on Target from $94.00 to $88.00 and set a “neutral” rating for the company in a research note on Thursday, November 20th. Citigroup cut their target price on shares of Target from $100.00 to $89.00 and set a “neutral” rating on the stock in a research note on Thursday, November 20th. Sanford C. Bernstein decreased their price target on shares of Target from $87.00 to $80.00 and set an “underperform” rating for the company in a research note on Thursday, November 20th. Jefferies Financial Group lowered their price objective on shares of Target from $120.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, August 20th. Finally, Roth Capital set a $88.00 target price on Target in a report on Thursday, November 20th. Ten analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Target has a consensus rating of “Hold” and a consensus target price of $102.62.

Target Price Performance

TGT stock opened at $97.68 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.27 and a current ratio of 0.97. The firm has a 50 day moving average price of $91.37 and a 200-day moving average price of $95.41. Target Corporation has a 52-week low of $83.44 and a 52-week high of $145.08. The firm has a market capitalization of $44.23 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 10.62 and a beta of 1.13.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 19th. The retailer reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.07. Target had a return on equity of 22.74% and a net margin of 3.58%.The company had revenue of $25.27 billion during the quarter, compared to analyst estimates of $25.44 billion. During the same quarter last year, the company earned $1.85 EPS. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-8.000 EPS. Equities research analysts forecast that Target Corporation will post 8.69 EPS 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.