Target Corporation $TGT Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH reduced its position in Target Corporation (NYSE:TGT) by 3.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 329,587 shares of the retailer’s stock after selling 10,422 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Target were worth $29,564,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. JNBA Financial Advisors boosted its holdings in Target by 3.0% in the second quarter. JNBA Financial Advisors now owns 3,347 shares of the retailer’s stock valued at $330,000 after purchasing an additional 96 shares during the last quarter. Pin Oak Investment Advisors Inc. boosted its stake in shares of Target by 32.3% during the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 401 shares of the retailer’s stock valued at $41,000 after buying an additional 98 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its stake in shares of Target by 0.6% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 17,618 shares of the retailer’s stock valued at $1,738,000 after buying an additional 100 shares during the last quarter. Raleigh Capital Management Inc. grew 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 buying an additional 102 shares in the last quarter. Finally, Binnacle Investments Inc increased its stake in shares of Target by 11.4% in the second quarter. Binnacle Investments Inc now owns 1,013 shares of the retailer’s stock worth $100,000 after buying an additional 104 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Trading Down 0.7%

Shares of TGT stock opened at $97.44 on Wednesday. Target Corporation has a 1 year low of $83.44 and a 1 year high of $145.08. The firm has a market capitalization of $44.12 billion, a PE ratio of 11.82, a price-to-earnings-growth ratio of 10.67 and a beta of 1.13. The stock has a fifty day moving average of $92.84 and a two-hundred day moving average of $95.47. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.27 and a current ratio of 0.97.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 19th. The retailer reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.07. The business had revenue of $25.27 billion for the quarter, compared to analysts’ expectations of $25.44 billion. Target had a net margin of 3.58% and a return on equity of 22.74%. The company’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.85 earnings per share. Target has set its FY 2025 guidance at 7.000-8.000 EPS. As a group, research analysts expect that Target Corporation will post 8.69 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TGT. Royal Bank Of Canada decreased their price objective on shares of Target from $107.00 to $99.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. BMO Capital Markets reduced their price target 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. Cowen reissued a “hold” rating on shares of Target in a report on Monday, November 10th. DA Davidson reaffirmed a “buy” rating and set a $108.00 target price on shares of Target in a report on Thursday, November 20th. Finally, Guggenheim reiterated a “buy” rating and issued a $115.00 target price on shares of Target in a research report on Monday, October 27th. Ten investment analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $102.66.

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.