Corient Private Wealth LLC Sells 117,750 Shares of Target Corporation $TGT

Corient Private Wealth LLC lowered its position in Target Corporation (NYSE:TGT) by 41.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 163,039 shares of the retailer’s stock after selling 117,750 shares during the period. Corient Private Wealth LLC’s holdings in Target were worth $16,084,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. WFA of San Diego LLC purchased a new stake in Target in the 2nd quarter valued at about $25,000. Raleigh Capital Management Inc. boosted its stake 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 buying an additional 102 shares during the last quarter. Kozak & Associates Inc. grew its holdings in shares of Target by 2,530.0% in the second quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after acquiring an additional 253 shares in the last quarter. Investment Research & Advisory Group Inc. bought a new position in shares of Target in the second quarter valued at approximately $29,000. Finally, Global Assets Advisory LLC purchased a new stake in shares of Target during the 2nd quarter valued at $31,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Price Performance

Shares of NYSE:TGT opened at $98.48 on Thursday. The firm has a market capitalization of $44.59 billion, a PE ratio of 11.95, a P/E/G ratio of 10.63 and a beta of 1.13. The company has a quick ratio of 0.27, a current ratio of 0.97 and a debt-to-equity ratio of 0.99. The company has a 50-day moving average price of $91.54 and a two-hundred day moving average price of $95.43. Target Corporation has a twelve month low of $83.44 and a twelve month high of $145.08.

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, beating the consensus estimate of $1.71 by $0.07. The company had revenue of $25.27 billion for the quarter, compared to analyst estimates of $25.44 billion. Target had a net margin of 3.58% and a return on equity of 22.74%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.85 earnings per share. Target has set its FY 2025 guidance at 7.000-8.000 EPS. Equities analysts forecast that Target Corporation will post 8.69 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TGT. BTIG Research started coverage on shares of Target in a report on Tuesday, October 14th. They issued a “neutral” rating on the stock. Wolfe Research began coverage on shares of Target in a report on Thursday, September 18th. They set an “underperform” rating and a $80.00 price objective for the company. Royal Bank Of Canada dropped their target price on shares of Target from $107.00 to $99.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Sanford C. Bernstein reduced their target price on shares of Target from $87.00 to $80.00 and set an “underperform” rating for the company in a research report on Thursday, November 20th. Finally, Citigroup decreased their price target on shares of Target from $100.00 to $89.00 and set a “neutral” rating for the company in a research note on Thursday, November 20th. Ten research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $102.62.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.