Target Corporation $TGT Shares Sold by Atlantic Edge Private Wealth Management LLC

Atlantic Edge Private Wealth Management LLC cut its holdings in Target Corporation (NYSE:TGT) by 88.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 663 shares of the retailer’s stock after selling 5,282 shares during the quarter. Atlantic Edge Private Wealth Management LLC’s holdings in Target were worth $59,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. JNBA Financial Advisors lifted its stake in Target by 3.0% during the second quarter. JNBA Financial Advisors now owns 3,347 shares of the retailer’s stock valued at $330,000 after purchasing an additional 96 shares during the last quarter. Pin Oak Investment Advisors Inc. lifted its position in shares of Target by 32.3% during the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 401 shares of the retailer’s stock valued at $41,000 after acquiring an additional 98 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its stake in shares of Target by 0.6% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 17,618 shares of the retailer’s stock worth $1,738,000 after acquiring an additional 100 shares in the last quarter. Raleigh Capital Management Inc. grew its holdings 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 last quarter. Finally, Binnacle Investments Inc raised its position in shares of Target by 11.4% during the second quarter. Binnacle Investments Inc now owns 1,013 shares of the retailer’s stock worth $100,000 after purchasing an additional 104 shares during the period. Institutional investors own 79.73% of the company’s stock.

Target Stock Performance

Shares of TGT opened at $105.52 on Friday. The company has a market capitalization of $47.78 billion, a PE ratio of 12.81, a PEG ratio of 11.48 and a beta of 1.12. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.27 and a current ratio of 0.97. The company’s 50 day moving average price is $94.05 and its 200 day moving average price is $95.81. Target Corporation has a 52 week low of $83.44 and a 52 week high of $145.08.

Target (NYSE:TGT) last issued its earnings results 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 company had revenue of $25.27 billion during the quarter, compared to analyst estimates of $25.44 billion. During the same quarter last year, the business posted $1.85 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-8.000 EPS. Research analysts expect that Target Corporation will post 8.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TGT. Cowen reiterated a “hold” rating on shares of Target in a research report on Monday, November 10th. Royal Bank Of Canada decreased their target price 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. JPMorgan Chase & Co. dropped their target price on shares of Target from $117.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. BTIG Research assumed coverage on shares of Target in a research report on Tuesday, October 14th. They issued a “neutral” rating for the company. Finally, Mizuho decreased their price objective on shares of Target from $94.00 to $88.00 and set a “neutral” rating for the company 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 company’s stock. According to MarketBeat.com, the company currently has a consensus 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.