Target Corporation $TGT Shares Acquired by LJI Wealth Management LLC

LJI Wealth Management LLC lifted its stake in Target Corporation (NYSE:TGT) by 446.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,836 shares of the retailer’s stock after purchasing an additional 19,474 shares during the quarter. Target comprises about 0.4% of LJI Wealth Management LLC’s holdings, making the stock its 27th largest holding. LJI Wealth Management LLC’s holdings in Target were worth $2,138,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its holdings in shares of Target by 101.3% in the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after purchasing an additional 3,059 shares during the period. Woodline Partners LP boosted its holdings in Target by 39.9% in the 1st quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock valued at $4,040,000 after purchasing an additional 11,047 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Target by 30.0% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,547 shares of the retailer’s stock valued at $7,749,000 after buying an additional 18,111 shares during the period. Baader Bank Aktiengesellschaft acquired a new stake in shares of Target during the 2nd quarter worth approximately $214,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of Target during the 2nd quarter valued at approximately $141,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on TGT shares. Deutsche Bank Aktiengesellschaft set a $108.00 price objective on Target in a research report on Thursday, January 8th. Sanford C. Bernstein decreased their price target on Target from $87.00 to $80.00 and set an “underperform” rating on the stock in a research note on Thursday, November 20th. Bank of America cut their price objective on Target from $93.00 to $80.00 and set an “underperform” rating for the company in a research report on Thursday, November 20th. Guggenheim reaffirmed a “buy” rating and issued a $115.00 target price on shares of Target in a research report on Monday, October 27th. Finally, BMO Capital Markets dropped their price target on shares of Target from $95.00 to $90.00 and set a “market perform” rating for the company in a research report on Thursday, November 20th. Ten equities research 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $103.67.

Target Stock Performance

Shares of TGT opened at $111.19 on Friday. Target Corporation has a 1 year low of $83.44 and a 1 year high of $145.08. The stock has a market capitalization of $50.35 billion, a PE ratio of 13.49, a PEG 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 stock has a 50-day simple moving average of $95.91 and a 200-day simple moving average of $96.17.

Target (NYSE:TGT) last posted its quarterly 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 net margin of 3.58% and a return on equity of 22.74%. The company had revenue of $25.27 billion during the quarter, compared to analysts’ expectations of $25.44 billion. During the same quarter in the previous year, the business posted $1.85 EPS. The firm’s revenue was down 1.6% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-8.000 EPS. On average, analysts predict that Target Corporation will post 8.69 earnings per share for the current fiscal 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.