Generali Asset Management SPA SGR Sells 18,630 Shares of Target Corporation $TGT

Generali Asset Management SPA SGR lessened its stake in shares of Target Corporation (NYSE:TGT) by 35.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,721 shares of the retailer’s stock after selling 18,630 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Target were worth $3,025,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Target by 14.7% in the 2nd quarter. Vanguard Group Inc. now owns 51,444,338 shares of the retailer’s stock worth $5,074,984,000 after purchasing an additional 6,607,982 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of Target in the second quarter worth $595,839,000. Norges Bank purchased a new stake in shares of Target in the second quarter worth $578,009,000. State Street Corp boosted its stake in Target by 4.3% during the second quarter. State Street Corp now owns 36,736,101 shares of the retailer’s stock valued at $3,624,016,000 after buying an additional 1,529,026 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in Target by 133.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,223,776 shares of the retailer’s stock worth $219,376,000 after buying an additional 1,273,129 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Price Performance

Shares of Target stock opened at $100.44 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.27 and a current ratio of 0.97. Target Corporation has a 52-week low of $83.44 and a 52-week high of $145.08. The company has a fifty day moving average of $93.11 and a 200-day moving average of $95.52. The stock has a market capitalization of $45.48 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 10.94 and a beta of 1.12.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 19th. The retailer reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.07. The company had revenue of $25.27 billion for the quarter, compared to analysts’ expectations of $25.44 billion. Target had a net margin of 3.58% and a return on equity of 22.74%. During the same quarter last year, the company 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 research analysts expect that Target Corporation will post 8.69 EPS for the current year.

Analysts Set New Price Targets

TGT has been the topic of several recent analyst reports. BTIG Research assumed coverage on Target in a report on Tuesday, October 14th. They issued a “neutral” rating on the stock. Sanford C. Bernstein lowered their target price on shares of Target from $87.00 to $80.00 and set an “underperform” rating on the stock in a research note on Thursday, November 20th. Guggenheim reiterated a “buy” rating and set a $115.00 target price on shares of Target in a research report on Monday, October 27th. Citigroup decreased their price target on shares of Target from $100.00 to $89.00 and set a “neutral” rating on the stock in a report on Thursday, November 20th. Finally, Robert W. Baird dropped their price objective on shares of Target from $100.00 to $92.00 and set a “neutral” rating for the company in a report on Thursday, November 20th. Ten equities research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $102.66.

About Target

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.