Modus Advisors LLC Has $397,000 Holdings in Target Corporation $TGT

Modus Advisors LLC cut its position in Target Corporation (NYSE:TGT) by 18.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,021 shares of the retailer’s stock after selling 881 shares during the quarter. Modus Advisors LLC’s holdings in Target were worth $397,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bernard Wealth Management Corp. acquired a new position in Target in the 4th quarter valued at $29,000. Heck Capital Advisors LLC acquired a new position in Target in the 4th quarter valued at $40,000. WPG Advisers LLC acquired a new position in Target in the 1st quarter valued at $32,000. Mascagni Wealth Management Inc. acquired a new position in Target in the 4th quarter valued at $49,000. Finally, 1248 Management LLC acquired a new position in Target in the 1st quarter valued at $38,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Price Performance

Shares of Target stock opened at $90.03 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.32 and a current ratio of 0.99. The firm’s 50-day simple moving average is $100.52 and its 200-day simple moving average is $99.98. Target Corporation has a twelve month low of $87.35 and a twelve month high of $161.50. The firm has a market cap of $40.91 billion, a P/E ratio of 10.49, a price-to-earnings-growth ratio of 2.64 and a beta of 1.16.

Target (NYSE:TGT) last issued its earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.01. Target had a net margin of 3.72% and a return on equity of 23.43%. The business had revenue of $24.99 billion for the quarter, compared to analyst estimates of $24.84 billion. During the same period in the previous year, the business earned $2.57 EPS. The firm’s revenue was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, research analysts expect that Target Corporation will post 8.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TGT. Zacks Research upgraded shares of Target from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. Bank of America restated an “underperform” rating and issued a $93.00 price target (down from $105.00) on shares of Target in a research report on Friday, August 15th. Piper Sandler restated a “neutral” rating on shares of Target in a research report on Tuesday, July 29th. UBS Group decreased their price target on shares of Target from $135.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, August 21st. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $110.00 price target on shares of Target in a research report on Wednesday, August 20th. Ten research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Target has a consensus rating of “Hold” and an average price target of $113.74.

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.