Universal Beteiligungs und Servicegesellschaft mbH Decreases Stock Holdings in Target Corporation $TGT

Universal Beteiligungs und Servicegesellschaft mbH cut its position in Target Corporation (NYSE:TGT) by 5.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 391,749 shares of the retailer’s stock after selling 20,582 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.09% of Target worth $35,140,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TGT. Chicago Partners Investment Group LLC raised its stake in shares of Target by 52.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 11,498 shares of the retailer’s stock worth $1,117,000 after acquiring an additional 3,936 shares in the last quarter. Silver Coast Investments LLC grew its holdings in Target by 6.4% in the third quarter. Silver Coast Investments LLC now owns 3,983 shares of the retailer’s stock worth $357,000 after purchasing an additional 240 shares during the last quarter. Grey Fox Wealth Advisors LLC purchased a new position in Target in the third quarter worth $46,000. Sage Mountain Advisors LLC increased its position in shares of Target by 61.6% during the third quarter. Sage Mountain Advisors LLC now owns 8,359 shares of the retailer’s stock worth $750,000 after purchasing an additional 3,186 shares in the last quarter. Finally, Vaughan David Investments LLC IL lifted its holdings in shares of Target by 0.4% during the 3rd quarter. Vaughan David Investments LLC IL now owns 305,448 shares of the retailer’s stock valued at $27,399,000 after purchasing an additional 1,075 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on TGT shares. Mizuho lowered their price objective on Target from $94.00 to $88.00 and set a “neutral” rating for the company in a research report on Thursday, November 20th. Truist Financial raised their price target on Target from $83.00 to $90.00 and gave the stock a “hold” rating in a report on Thursday, November 20th. Piper Sandler restated a “neutral” rating and set a $85.00 price objective (down previously from $94.00) on shares of Target in a report on Thursday, November 20th. Wolfe Research reaffirmed an “underperform” rating and issued a $81.00 price objective on shares of Target in a research report on Tuesday, December 30th. Finally, Bank of America lowered 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 have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $103.03.

Target Stock Performance

NYSE TGT opened at $106.04 on Thursday. The firm has a market capitalization of $48.02 billion, a P/E ratio of 12.87, a PEG ratio of 11.89 and a beta of 1.12. The stock has a 50-day simple moving average of $96.95 and a two-hundred day simple moving average of $96.26. 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 Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $145.08.

Target (NYSE:TGT) last posted its earnings results on Wednesday, November 19th. The retailer reported $1.78 EPS for the quarter, topping the consensus estimate of $1.71 by $0.07. Target had a return on equity of 22.74% and a net margin of 3.58%.The firm had revenue of $25.27 billion for the quarter, compared to analyst estimates of $25.44 billion. During the same period last year, the company earned $1.85 earnings per share. Target’s revenue for the quarter was down 1.6% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-8.000 EPS. On average, equities analysts forecast that Target Corporation will post 8.69 earnings per share for the current year.

Target Company 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.