Target Corporation $TGT Shares Sold by Hartford Financial Management Inc.

Hartford Financial Management Inc. lessened its holdings in Target Corporation (NYSE:TGT) by 58.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,343 shares of the retailer’s stock after selling 7,670 shares during the period. Hartford Financial Management Inc.’s holdings in Target were worth $479,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. LBP AM SA acquired a new stake in shares of Target during the 2nd quarter valued at approximately $5,427,000. Precedent Wealth Partners LLC boosted its holdings in Target by 27.7% in the second quarter. Precedent Wealth Partners LLC now owns 13,208 shares of the retailer’s stock worth $1,303,000 after purchasing an additional 2,869 shares during the period. Mattern Capital Management LLC increased its stake in Target by 7.6% during the second quarter. Mattern Capital Management LLC now owns 79,158 shares of the retailer’s stock valued at $7,809,000 after purchasing an additional 5,573 shares during the last quarter. Northern Financial Advisors Inc acquired a new stake in shares of Target during the second quarter worth $370,000. Finally, CWM LLC lifted its position in shares of Target by 41.5% in the 3rd quarter. CWM LLC now owns 38,819 shares of the retailer’s stock worth $3,482,000 after buying an additional 11,378 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TGT. Bank of America lowered their price objective on shares of Target from $93.00 to $80.00 and set an “underperform” rating for the company in a research report on Thursday, November 20th. JPMorgan Chase & Co. lowered their target price on Target from $117.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, November 10th. BMO Capital Markets dropped their price target on Target from $95.00 to $90.00 and set a “market perform” rating on the stock in a research report on Thursday, November 20th. Jefferies Financial Group restated a “buy” rating and set a $115.00 price objective on shares of Target in a research report on Thursday, December 18th. Finally, DA Davidson set a $120.00 target price on Target in a research report on Monday. Ten research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and four have issued 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 $103.23.

Target Stock Performance

Shares of TGT stock opened at $109.78 on Thursday. Target Corporation has a 12-month low of $83.44 and a 12-month high of $145.08. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.97 and a quick ratio of 0.27. The firm has a market capitalization of $49.71 billion, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 11.82 and a beta of 1.12. The business has a 50 day simple moving average of $95.07 and a 200 day simple moving average of $96.03.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, November 19th. The retailer reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.07. Target had a return on equity of 22.74% and a net margin of 3.58%.The company had revenue of $25.27 billion during the quarter, compared to analyst estimates of $25.44 billion. During the same quarter in the previous year, the firm posted $1.85 EPS. The firm’s quarterly 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, equities research analysts anticipate that Target Corporation will post 8.69 EPS for the current year.

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.