Target Corporation $TGT Shares Sold by HB Wealth Management LLC

HB Wealth Management LLC lowered its stake in shares of Target Corporation (NYSE:TGT) by 15.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,569 shares of the retailer’s stock after selling 7,825 shares during the period. HB Wealth Management LLC’s holdings in Target were worth $3,908,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TGT. WFA of San Diego LLC purchased a new position in Target in the 2nd quarter valued at about $25,000. Raleigh Capital Management Inc. raised its position in shares of Target by 63.4% in the second quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after buying an additional 102 shares during the last quarter. Kozak & Associates Inc. lifted its stake in shares of Target by 2,530.0% during the second quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after buying an additional 253 shares during the period. Heartwood Wealth Advisors LLC acquired a new stake in Target during the third quarter worth approximately $27,000. Finally, Investment Research & Advisory Group Inc. purchased a new stake in Target in the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Down 0.8%

Shares of NYSE:TGT opened at $105.52 on Friday. The stock has a 50-day simple moving average of $94.05 and a 200-day simple moving average of $95.83. The stock has a market capitalization of $47.78 billion, a P/E ratio of 12.81, a PEG ratio of 11.57 and a beta of 1.12. Target Corporation has a 1 year low of $83.44 and a 1 year high of $145.08. 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 announced its quarterly earnings results 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. Target had a net margin of 3.58% and a return on equity of 22.74%. The firm had revenue of $25.27 billion for the quarter, compared to analysts’ expectations of $25.44 billion. During the same period in the previous year, the company posted $1.85 earnings per share. Target’s 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. Equities analysts forecast that Target Corporation will post 8.69 earnings per share for the current year.

Wall Street Analyst Weigh In

TGT has been the topic of a number of recent analyst reports. Evercore ISI reduced their price target on Target from $100.00 to $95.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 9th. Truist Financial raised their price target on Target from $83.00 to $90.00 and gave the stock a “hold” rating in a research note on Thursday, November 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Target in a report on Wednesday, October 8th. Roth Capital set a $88.00 price objective on shares of Target in a report on Thursday, November 20th. Finally, BMO Capital Markets decreased their target price 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. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $102.83.

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.