Daymark Wealth Partners LLC Raises Position in Target Corporation $TGT

Daymark Wealth Partners LLC raised its position in Target Corporation (NYSE:TGT) by 38.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 94,776 shares of the retailer’s stock after buying an additional 26,085 shares during the period. Daymark Wealth Partners LLC’s holdings in Target were worth $8,501,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in Target by 101.3% in the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after purchasing an additional 3,059 shares in the last quarter. Hancock Whitney Corp raised its position in shares of Target by 7.0% in the first quarter. Hancock Whitney Corp now owns 2,306 shares of the retailer’s stock valued at $241,000 after buying an additional 150 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in shares of Target by 4.0% in the first quarter. Integrated Wealth Concepts LLC now owns 22,041 shares of the retailer’s stock valued at $2,300,000 after buying an additional 855 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Target by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,702 shares of the retailer’s stock worth $6,752,000 after buying an additional 2,952 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV boosted its position in Target by 0.9% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 57,053 shares of the retailer’s stock worth $5,954,000 after acquiring an additional 524 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Performance

Shares of Target stock opened at $100.44 on Monday. The firm has a market cap of $45.48 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 10.94 and a beta of 1.12. The company has a quick ratio of 0.27, a current ratio of 0.97 and a debt-to-equity ratio of 0.99. Target Corporation has a 52 week low of $83.44 and a 52 week high of $145.08. The business’s fifty day simple moving average is $93.11 and its 200-day simple moving average is $95.53.

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 the consensus estimate 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 for the quarter, compared to analyst estimates of $25.44 billion. During the same period in the previous year, the firm earned $1.85 EPS. Target’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. Equities analysts forecast that Target Corporation will post 8.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on TGT shares. Jefferies Financial Group reiterated a “buy” rating and issued a $115.00 price objective on shares of Target in a report on Thursday, December 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Target in a report on Wednesday, October 8th. BMO Capital Markets lowered their price objective on Target from $95.00 to $90.00 and set a “market perform” rating on the stock in a research note on Thursday, November 20th. DA Davidson restated a “buy” rating and issued a $108.00 target price on shares of Target in a report on Thursday, November 20th. Finally, Piper Sandler reiterated a “neutral” rating and set a $85.00 price target (down previously from $94.00) on shares of Target in a report on Thursday, November 20th. Ten equities research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Target currently has a consensus rating of “Hold” and an average price target of $102.66.

Target Profile

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.