Vest Financial LLC Trims Stock Holdings in Target Corporation $TGT

Vest Financial LLC lowered its holdings in shares of Target Corporation (NYSE:TGT) by 10.3% in the third quarter, Holdings Channel.com reports. The fund owned 524,278 shares of the retailer’s stock after selling 60,294 shares during the quarter. Vest Financial LLC’s holdings in Target were worth $47,028,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. WFA of San Diego LLC acquired a new position in Target during the 2nd quarter valued at approximately $25,000. Raleigh Capital Management Inc. raised its holdings in shares of Target by 63.4% during the second quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after purchasing an additional 102 shares during the last quarter. Heartwood Wealth Advisors LLC purchased a new stake in Target in the third quarter valued at $27,000. Investment Research & Advisory Group Inc. acquired a new stake in Target during the 2nd quarter worth about $29,000. Finally, Global Assets Advisory LLC purchased a new position in shares of Target during the 2nd quarter valued at about $31,000. Institutional investors own 79.73% of the company’s stock.

Target Stock Up 0.6%

Target stock opened at $109.95 on Wednesday. The company has a market capitalization of $49.78 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 12.10 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 firm has a 50 day moving average price of $96.67 and a 200 day moving average price of $96.19. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $145.08.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, November 19th. The retailer reported $1.78 earnings per share (EPS) 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 analysts’ expectations of $25.44 billion. Target had a return on equity of 22.74% and a net margin of 3.58%.The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the firm earned $1.85 earnings per share. Target has set its FY 2025 guidance at 7.000-8.000 EPS. Research analysts expect that Target Corporation will post 8.69 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on TGT. Cowen reiterated a “hold” rating on shares of Target in a research note on Monday, November 10th. TD Cowen reduced their target price on Target from $105.00 to $90.00 and set a “hold” rating for the company in a research note on Thursday, November 20th. Mizuho dropped their price target on shares of Target from $94.00 to $88.00 and set a “neutral” rating on the stock in a research note on Thursday, November 20th. Deutsche Bank Aktiengesellschaft set a $108.00 price objective on shares of Target in a research report on Thursday, January 8th. Finally, Bank of America cut their target price on shares of Target from $93.00 to $80.00 and set an “underperform” rating for the company in a research note 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $103.67.

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.