Daymark Wealth Partners LLC Grows Stock Holdings in Target Corporation $TGT

Daymark Wealth Partners LLC grew its position in Target Corporation (NYSE:TGT) by 38.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,776 shares of the retailer’s stock after buying an additional 26,085 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Target were worth $8,501,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. WFA of San Diego LLC purchased a new stake in Target during the second quarter worth about $25,000. 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 purchasing an additional 253 shares in the last quarter. Raleigh Capital Management Inc. increased its stake in Target by 63.4% during 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 period. Investment Research & Advisory Group Inc. acquired a new stake in Target during the 2nd quarter worth approximately $29,000. Finally, Heartwood Wealth Advisors LLC acquired a new stake in Target during the 3rd quarter worth approximately $27,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Price Performance

Shares of NYSE TGT opened at $100.44 on Monday. 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 Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $145.08. The firm has a market capitalization of $45.48 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 10.94 and a beta of 1.12. The stock’s 50-day simple moving average is $93.11 and its 200-day simple moving average is $95.53.

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, beating 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 firm had revenue of $25.27 billion during the quarter, compared to the consensus estimate of $25.44 billion. During the same period in the prior year, the company posted $1.85 earnings per share. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-8.000 EPS. As a group, equities research analysts forecast that Target Corporation will post 8.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TGT shares. Bank of America dropped their price target on shares of Target from $93.00 to $80.00 and set an “underperform” rating for the company in a research note on Thursday, November 20th. Zacks Research upgraded Target from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of Target in a report on Wednesday, October 8th. 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 research report on Thursday, November 20th. Finally, JPMorgan Chase & Co. lowered their price objective on Target from $117.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Ten analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average 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.