13,776 Shares in Target Corporation $TGT Acquired by Twelve Points Wealth Management LLC

Twelve Points Wealth Management LLC acquired a new stake in shares of Target Corporation (NYSE:TGT) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,776 shares of the retailer’s stock, valued at approximately $1,236,000.

A number of other large investors have also recently modified their holdings of the business. Park Place Capital Corp lifted its position in shares of Target by 5.8% during the 3rd quarter. Park Place Capital Corp now owns 9,369 shares of the retailer’s stock worth $840,000 after buying an additional 517 shares during the last quarter. Daymark Wealth Partners LLC raised its stake in Target by 38.0% during the third quarter. Daymark Wealth Partners LLC now owns 94,776 shares of the retailer’s stock worth $8,501,000 after acquiring an additional 26,085 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in Target by 0.9% during the third quarter. Asset Management One Co. Ltd. now owns 191,849 shares of the retailer’s stock worth $17,209,000 after acquiring an additional 1,679 shares in the last quarter. DMKC Advisory Services LLC lifted its holdings in shares of Target by 1.7% in the third quarter. DMKC Advisory Services LLC now owns 16,741 shares of the retailer’s stock worth $1,502,000 after acquiring an additional 275 shares during the last quarter. Finally, Proffitt & Goodson Inc. boosted its stake in shares of Target by 43.3% in the 3rd quarter. Proffitt & Goodson Inc. now owns 5,483 shares of the retailer’s stock valued at $492,000 after purchasing an additional 1,658 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Trading Up 1.5%

TGT opened at $102.01 on Tuesday. Target Corporation has a twelve month low of $83.44 and a twelve month high of $145.08. The company has a fifty day moving average of $93.20 and a 200-day moving average of $95.57. The stock has a market cap of $46.19 billion, a PE ratio of 12.38, 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 (NYSE:TGT) last released its earnings results on Wednesday, November 19th. The retailer reported $1.78 EPS for the quarter, topping the consensus estimate of $1.71 by $0.07. Target had a return on equity of 22.74% and a net margin of 3.58%.The business had revenue of $25.27 billion during the quarter, compared to analysts’ expectations of $25.44 billion. During the same quarter last year, the firm posted $1.85 earnings per share. 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, sell-side analysts predict that Target Corporation will post 8.69 EPS for the current year.

Analyst Ratings Changes

TGT has been the topic of a number of research reports. Robert W. Baird decreased their target price 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. Wolfe Research restated an “underperform” rating on shares of Target in a research report on Tuesday, December 30th. Evercore ISI lowered their target price on Target from $100.00 to $95.00 and set an “in-line” rating for the company in a report on Tuesday, December 9th. Cowen reiterated a “hold” rating on shares of Target in a research report on Monday, November 10th. Finally, Royal Bank Of Canada reduced their price target on Target from $107.00 to $99.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Ten 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.