16,656 Shares in Target Corporation $TGT Acquired by Allstate Corp

Allstate Corp purchased a new stake in Target Corporation (NYSE:TGT) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 16,656 shares of the retailer’s stock, valued at approximately $1,494,000.

Other hedge funds also recently made changes to their positions in the company. WFA of San Diego LLC purchased a new position in shares of Target during the second quarter valued at $25,000. Raleigh Capital Management Inc. grew its stake in Target by 63.4% during the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after acquiring an additional 102 shares in the last quarter. Heartwood Wealth Advisors LLC purchased a new position in Target during the 3rd quarter valued at about $27,000. Investment Research & Advisory Group Inc. acquired a new position in shares of Target in the 2nd quarter valued at about $29,000. Finally, Global Assets Advisory LLC purchased a new stake in shares of Target in the second quarter worth approximately $31,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Down 1.8%

Shares of NYSE TGT opened at $109.33 on Wednesday. Target Corporation has a 52-week low of $83.44 and a 52-week high of $145.08. 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 business has a fifty day moving average of $96.67 and a two-hundred day moving average of $96.19. The stock has a market cap of $49.50 billion, a PE ratio of 13.27, a PEG ratio of 12.10 and a beta of 1.12.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 19th. The retailer reported $1.78 earnings per share 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 during the quarter, compared to analysts’ expectations of $25.44 billion. During the same quarter last year, the company posted $1.85 EPS. The company’s quarterly 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. As a group, equities research analysts expect that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TGT shares. Guggenheim restated a “buy” rating and issued a $115.00 target price on shares of Target in a research note on Monday, October 27th. TD Cowen dropped their price objective on Target from $105.00 to $90.00 and set a “hold” rating on the stock in a report on Thursday, November 20th. BMO Capital Markets cut their price objective on shares of Target from $95.00 to $90.00 and set a “market perform” rating on the stock in a research report on Thursday, November 20th. Robert W. Baird dropped their price target on shares of Target from $100.00 to $92.00 and set a “neutral” rating on the stock in a research note on Thursday, November 20th. Finally, Royal Bank Of Canada cut their price target on shares of Target from $107.00 to $99.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Ten investment analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Target has a consensus rating of “Hold” and an average target price of $103.67.

Target Company 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.