Focus Financial Network Inc. Sells 6,857 Shares of Target Corporation $TGT

Focus Financial Network Inc. lessened its stake in shares of Target Corporation (NYSE:TGT) by 19.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,680 shares of the retailer’s stock after selling 6,857 shares during the quarter. Focus Financial Network Inc.’s holdings in Target were worth $2,573,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TGT. Centurion Wealth Management LLC lifted its stake in shares of Target by 12.7% during the 3rd quarter. Centurion Wealth Management LLC now owns 3,458 shares of the retailer’s stock worth $310,000 after purchasing an additional 390 shares during the last quarter. Toth Financial Advisory Corp grew its stake in Target by 264.2% in the third quarter. Toth Financial Advisory Corp now owns 1,100 shares of the retailer’s stock valued at $99,000 after purchasing an additional 798 shares during the last quarter. Mitchell & Pahl Private Wealth LLC raised its holdings in Target by 8.2% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 15,088 shares of the retailer’s stock worth $1,353,000 after purchasing an additional 1,138 shares in the last quarter. NavPoint Financial Inc. lifted its position in shares of Target by 15.6% during the third quarter. NavPoint Financial Inc. now owns 17,893 shares of the retailer’s stock valued at $1,605,000 after buying an additional 2,418 shares during the last quarter. Finally, Asset Allocation Strategies LLC purchased a new stake in shares of Target during the third quarter valued at about $201,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Price Performance

NYSE TGT opened at $97.98 on Friday. The company has a market cap of $44.36 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 10.66 and a beta of 1.13. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.97 and a quick ratio of 0.27. The stock’s fifty day moving average price is $91.98 and its 200 day moving average price is $95.49. Target Corporation has a 1 year low of $83.44 and a 1 year high of $145.08.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, November 19th. The retailer reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.07. The business had revenue of $25.27 billion for the quarter, compared to the consensus estimate of $25.44 billion. Target had a return on equity of 22.74% and a net margin of 3.58%.The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.85 EPS. 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 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on TGT. Zacks Research upgraded shares of Target from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. Guggenheim reaffirmed a “buy” rating and set a $115.00 price target on shares of Target in a research report on Monday, October 27th. Evercore ISI decreased their price objective on Target from $100.00 to $95.00 and set an “in-line” rating for the company in a report on Tuesday, December 9th. Argus dropped their target price on Target from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Monday, December 1st. Finally, DA Davidson reaffirmed a “buy” rating and set a $108.00 target price on shares of Target in a research report on Thursday, November 20th. Ten investment analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Target presently has a consensus rating of “Hold” and a consensus target price of $102.62.

About Target

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.