Stephens Inc. AR Cuts Stock Position in Target Corporation $TGT

Stephens Inc. AR cut its position in Target Corporation (NYSE:TGT) by 44.5% in the third quarter, HoldingsChannel.com reports. The firm owned 16,938 shares of the retailer’s stock after selling 13,605 shares during the period. Stephens Inc. AR’s holdings in Target were worth $1,519,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of TGT. JNBA Financial Advisors raised its stake in shares of Target by 3.0% during the 2nd quarter. JNBA Financial Advisors now owns 3,347 shares of the retailer’s stock worth $330,000 after acquiring an additional 96 shares in the last quarter. Pin Oak Investment Advisors Inc. boosted its stake in Target by 32.3% in the second 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 in the last quarter. OMERS ADMINISTRATION Corp grew its holdings in Target by 0.6% in the second quarter. OMERS ADMINISTRATION Corp now owns 17,618 shares of the retailer’s stock worth $1,738,000 after purchasing an additional 100 shares during the last quarter. Raleigh Capital Management Inc. increased its position in shares of Target by 63.4% during the second quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after purchasing an additional 102 shares in the last quarter. Finally, Binnacle Investments Inc increased 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 in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on TGT shares. Jefferies Financial Group reissued a “buy” rating and issued a $115.00 price objective on shares of Target in a research report on Thursday, December 18th. Cowen reissued a “hold” rating on shares of Target in a report on Monday, November 10th. Bank of America cut their price objective on shares of Target from $93.00 to $80.00 and set an “underperform” rating on the stock in a report on Thursday, November 20th. Wolfe Research reaffirmed an “underperform” rating and issued a $81.00 price objective on shares of Target in a research report on Tuesday, December 30th. Finally, TD Cowen dropped their target price on shares of Target from $105.00 to $90.00 and set a “hold” rating on the stock in a research report on Thursday, November 20th. 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. Based on data from MarketBeat.com, Target currently has a consensus rating of “Hold” and an average price target of $103.67.

Target Trading Up 0.1%

Target stock opened at $111.19 on Friday. The stock has a 50-day moving average price of $95.91 and a 200 day moving average price of $96.17. The company has a market capitalization of $50.35 billion, a price-to-earnings ratio of 13.49, a price-to-earnings-growth ratio of 12.10 and a beta of 1.12. Target Corporation has a 52 week low of $83.44 and a 52 week high of $145.08. 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 posted 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 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 period last year, the firm posted $1.85 EPS. Target’s revenue for the quarter was down 1.6% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-8.000 EPS. Sell-side 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.