Target Corporation $TGT Position Boosted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its stake in Target Corporation (NYSE:TGT) by 112.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 463,436 shares of the retailer’s stock after buying an additional 245,373 shares during the period. Assenagon Asset Management S.A. owned approximately 0.10% of Target worth $41,570,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. WFA of San Diego LLC acquired a new stake in shares of Target during the second quarter worth $25,000. Raleigh Capital Management Inc. increased its stake 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 purchasing an additional 102 shares in the last quarter. Kozak & Associates Inc. increased its stake in Target by 2,530.0% in the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock worth $27,000 after purchasing an additional 253 shares in the last quarter. Heartwood Wealth Advisors LLC acquired a new stake in Target during the 3rd quarter worth about $27,000. Finally, Investment Research & Advisory Group Inc. purchased a new stake in Target during the second quarter valued at about $29,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Up 0.5%

Shares of Target stock opened at $99.10 on Friday. Target Corporation has a 12-month low of $83.44 and a 12-month high of $145.08. The company has a quick ratio of 0.27, a current ratio of 0.97 and a debt-to-equity ratio of 0.99. The stock has a 50 day moving average price of $91.73 and a two-hundred day moving average price of $95.46. The stock has a market capitalization of $44.87 billion, a P/E ratio of 12.03, a PEG ratio of 10.73 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, topping the consensus estimate of $1.71 by $0.07. Target had a return on equity of 22.74% and a net margin of 3.58%.The business had revenue of $25.27 billion during the quarter, compared to analysts’ expectations of $25.44 billion. During the same quarter in the previous year, the firm earned $1.85 EPS. The firm’s revenue was down 1.6% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-8.000 EPS. Equities analysts expect that Target Corporation will post 8.69 earnings per share for the current year.

Wall Street Analyst Weigh In

TGT has been the subject of several research analyst reports. Argus reduced their price objective on Target from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Monday, December 1st. BMO Capital Markets reduced their price target on shares of Target from $95.00 to $90.00 and set a “market perform” rating for the company in a research report on Thursday, November 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Target in a research report on Wednesday, October 8th. Truist Financial upped their price objective on shares of Target from $83.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday, November 20th. Finally, DA Davidson reissued a “buy” rating and set a $108.00 target price on shares of Target in a research note on Thursday, November 20th. Ten investment 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’s stock. According to MarketBeat, Target presently has an average rating of “Hold” and a consensus price target of $102.62.

About Target

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.