Target Corporation $TGT Shares Sold by HB Wealth Management LLC

HB Wealth Management LLC reduced its stake in Target Corporation (NYSE:TGT) by 15.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 43,569 shares of the retailer’s stock after selling 7,825 shares during the quarter. HB Wealth Management LLC’s holdings in Target were worth $3,908,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. WFA of San Diego LLC purchased a new position in Target in the 2nd quarter valued at $25,000. Raleigh Capital Management Inc. lifted its stake in shares of 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 acquiring an additional 102 shares during the period. Kozak & Associates Inc. boosted its holdings in shares of Target by 2,530.0% in the second quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after acquiring an additional 253 shares in the last quarter. Heartwood Wealth Advisors LLC acquired a new position in shares of Target during the third quarter worth about $27,000. Finally, Investment Research & Advisory Group Inc. purchased a new position in Target during the second quarter worth about $29,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Trading Down 0.8%

Shares of TGT stock opened at $105.52 on Friday. The stock has a market cap of $47.78 billion, a P/E ratio of 12.81, a P/E/G ratio of 11.57 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 fifty-two week low of $83.44 and a fifty-two week high of $145.08. The business has a fifty day simple moving average of $94.05 and a 200-day simple moving average of $95.83.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 19th. The retailer reported $1.78 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 for the quarter, compared to analysts’ expectations of $25.44 billion. During the same period in the prior year, the company earned $1.85 EPS. The firm’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 forecast that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Guggenheim reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Target in a report on Monday, October 27th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Target in a report on Wednesday, October 8th. JPMorgan Chase & Co. cut their price objective on Target from $117.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Zacks Research upgraded shares of Target from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 3rd. Finally, DA Davidson reaffirmed a “buy” rating and set a $108.00 price target on shares of Target in a research note on Thursday, November 20th. Ten analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $102.83.

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.