Stephens Inc. AR Reduces Holdings in Target Corporation $TGT

Stephens Inc. AR decreased its position in shares of Target Corporation (NYSE:TGT) by 44.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,938 shares of the retailer’s stock after selling 13,605 shares during the period. Stephens Inc. AR’s holdings in Target were worth $1,519,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. WFA of San Diego LLC bought a new position in Target during the 2nd quarter valued at about $25,000. Raleigh Capital Management Inc. boosted its position in shares of Target by 63.4% during the second quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after buying an additional 102 shares during the period. Heartwood Wealth Advisors LLC bought a new position in shares of Target during the third quarter valued at approximately $27,000. Investment Research & Advisory Group Inc. purchased a new stake in shares of Target in the second quarter worth approximately $29,000. Finally, Global Assets Advisory LLC bought a new stake in shares of Target during the 2nd quarter worth approximately $31,000. Institutional investors own 79.73% of the company’s stock.

Target Trading Up 0.1%

NYSE:TGT opened at $111.19 on Friday. The firm has a 50-day simple moving average of $95.91 and a 200-day simple moving average of $96.17. Target Corporation has a one year low of $83.44 and a one year high of $145.08. The firm has a market cap of $50.35 billion, a P/E ratio of 13.49, a P/E/G 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.

Target (NYSE:TGT) last issued 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 company had revenue of $25.27 billion for the quarter, compared to analyst estimates of $25.44 billion. Target had a net margin of 3.58% and a return on equity of 22.74%. Target’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company posted $1.85 earnings per share. Target has set its FY 2025 guidance at 7.000-8.000 EPS. Equities analysts anticipate that Target Corporation will post 8.69 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on TGT shares. Bank of America cut their price objective on Target from $93.00 to $80.00 and set an “underperform” rating on the stock in a research report on Thursday, November 20th. Mizuho cut their price target on shares of Target from $94.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday, November 20th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $115.00 price target on shares of Target in a research note on Thursday, December 18th. DA Davidson set a $120.00 price objective on shares of Target in a report on Monday, January 12th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Target from $117.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Ten investment analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $103.67.

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.