Corient Private Wealth LLC Sells 117,750 Shares of Target Corporation $TGT

Corient Private Wealth LLC cut its stake in Target Corporation (NYSE:TGT) by 41.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 163,039 shares of the retailer’s stock after selling 117,750 shares during the period. Corient Private Wealth LLC’s holdings in Target were worth $16,084,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TGT. Caldwell Trust Co bought a new position in Target during the second quarter worth $190,000. V. M. Manning & CO. Inc. bought a new stake in Target during the second quarter valued at $1,157,000. Osaic Holdings Inc. grew its holdings in Target by 4.1% during the 2nd quarter. Osaic Holdings Inc. now owns 217,180 shares of the retailer’s stock worth $21,440,000 after acquiring an additional 8,565 shares during the period. Centaurus Financial Inc. raised its position in shares of Target by 40.9% in the 2nd quarter. Centaurus Financial Inc. now owns 5,561 shares of the retailer’s stock worth $549,000 after acquiring an additional 1,614 shares in the last quarter. Finally, Monarch Capital Management Inc. raised its position in shares of Target by 2.6% in the 2nd quarter. Monarch Capital Management Inc. now owns 14,610 shares of the retailer’s stock worth $1,441,000 after acquiring an additional 375 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Performance

TGT opened at $98.48 on Thursday. Target Corporation has a 1-year low of $83.44 and a 1-year high of $145.08. The company has a market cap of $44.59 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 10.63 and a beta of 1.13. The company’s fifty day moving average price is $91.54 and its two-hundred day moving average price is $95.43. The company has a current ratio of 0.97, a quick ratio of 0.27 and a debt-to-equity ratio of 0.99.

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

Wall Street Analysts Forecast Growth

TGT has been the topic of several research analyst reports. Wolfe Research assumed coverage on Target in a research report on Thursday, September 18th. They set an “underperform” rating and a $80.00 target price on the stock. UBS Group cut their price target on Target from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, August 21st. Cowen reiterated a “hold” rating on shares of Target in a research note on Monday, November 10th. Sanford C. Bernstein dropped their target price on shares of Target from $87.00 to $80.00 and set an “underperform” rating on the stock in a research report on Thursday, November 20th. Finally, Royal Bank Of Canada reduced their price target on shares of Target from $107.00 to $99.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. Ten investment analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $102.62.

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.