Osaic Holdings Inc. Increases Position in Target Corporation $TGT

Osaic Holdings Inc. grew its holdings in shares of Target Corporation (NYSE:TGT) by 4.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 217,180 shares of the retailer’s stock after acquiring an additional 8,565 shares during the period. Osaic Holdings Inc.’s holdings in Target were worth $21,440,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC raised its position in shares of Target by 101.3% in the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after purchasing an additional 3,059 shares during the last quarter. Aptus Capital Advisors LLC increased its stake in Target by 18.8% during the 1st quarter. Aptus Capital Advisors LLC now owns 44,552 shares of the retailer’s stock valued at $4,649,000 after purchasing an additional 7,063 shares in the last quarter. Quantbot Technologies LP purchased a new position in Target in the first quarter worth about $2,537,000. JT Stratford LLC bought a new position in shares of Target in the first quarter worth approximately $867,000. Finally, Level Four Advisory Services LLC grew its holdings in shares of Target by 46.6% during the first quarter. Level Four Advisory Services LLC now owns 39,752 shares of the retailer’s stock valued at $4,149,000 after buying an additional 12,628 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Trading Up 0.8%

Shares of NYSE:TGT opened at $98.48 on Thursday. The stock’s 50-day simple moving average is $91.54 and its two-hundred day simple moving average is $95.43. The stock has a market capitalization of $44.59 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 10.63 and a beta of 1.13. Target Corporation has a 52-week low of $83.44 and a 52-week 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 issued its quarterly earnings data on Wednesday, November 19th. The retailer reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.07. The firm 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 business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.85 EPS. Target has set its FY 2025 guidance at 7.000-8.000 EPS. Analysts expect that Target Corporation will post 8.69 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. BTIG Research began coverage on Target in a research report on Tuesday, October 14th. They issued a “neutral” rating on the stock. Citigroup lowered their price target on Target from $100.00 to $89.00 and set a “neutral” rating on the stock in a report on Thursday, November 20th. JPMorgan Chase & Co. dropped their price objective on Target from $117.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Cowen reissued a “hold” rating on shares of Target in a research report on Monday, November 10th. Finally, DA Davidson reaffirmed a “buy” rating and set a $108.00 price target on shares of Target in a report on Thursday, November 20th. 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 stock. According to MarketBeat, Target has a consensus rating of “Hold” and a consensus 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.