Robeco Institutional Asset Management B.V. Sells 63,882 Shares of Target Corporation $TGT

Robeco Institutional Asset Management B.V. reduced its stake in Target Corporation (NYSE:TGT) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,271,811 shares of the retailer’s stock after selling 63,882 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.28% of Target worth $114,081,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Target by 14.7% in the second quarter. Vanguard Group Inc. now owns 51,444,338 shares of the retailer’s stock worth $5,074,984,000 after acquiring an additional 6,607,982 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in shares of Target in the 2nd quarter worth about $595,839,000. Norges Bank bought a new position in Target in the 2nd quarter worth about $578,009,000. State Street Corp grew its position in Target by 4.3% during the 2nd quarter. State Street Corp now owns 36,736,101 shares of the retailer’s stock valued at $3,624,016,000 after purchasing an additional 1,529,026 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Target by 133.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,223,776 shares of the retailer’s stock valued at $219,376,000 after purchasing an additional 1,273,129 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on TGT. Mizuho decreased their target price on shares of Target from $94.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, November 20th. JPMorgan Chase & Co. decreased their price objective on shares of Target from $117.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, November 10th. BTIG Research assumed coverage on Target in a research report on Tuesday, October 14th. They issued a “neutral” rating on the stock. Bank of America cut their target price on Target from $93.00 to $80.00 and set an “underperform” rating on the stock in a research note on Thursday, November 20th. Finally, Piper Sandler restated a “neutral” rating and issued a $85.00 price target (down previously from $94.00) on shares of Target in a research note on Thursday, November 20th. Ten equities research 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 data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $102.66.

Target Stock Up 2.1%

TGT stock opened at $104.21 on Wednesday. The company has a market cap of $47.19 billion, a price-to-earnings ratio of 12.65, a P/E/G ratio of 11.11 and a beta of 1.12. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.27 and a current ratio of 0.97. The business’s 50-day moving average is $93.34 and its two-hundred day moving average is $95.63. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $145.08.

Target (NYSE:TGT) last released 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 business had revenue of $25.27 billion during the quarter, compared to the consensus estimate of $25.44 billion. During the same period in the previous year, the company posted $1.85 EPS. The business’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, analysts forecast that Target Corporation will post 8.69 earnings per share for the current year.

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.