AG2R LA Mondiale Gestion D Actifs Invests $1.92 Million in Target Corporation $TGT

Key Points

• AG2R LA Mondiale Gestion D Actifs invested $1.92 million in 18,401 shares of Target Corporation during the first quarter, marking a new position in the retailer.
• Several institutional investors, including Charles Schwab and Pacer Advisors, significantly increased their stakes in Target, illustrating growing confidence in the company's performance.
• Despite a recent earnings report showing a slight revenue decline year-over-year, Target maintained a strong return on equity of 23.43% and beat earnings expectations slightly.

AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of Target Corporation (NYSE:TGT - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,401 shares of the retailer's stock, valued at approximately $1,920,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Target by 407.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 15,970,414 shares of the retailer's stock worth $1,666,672,000 after purchasing an additional 12,825,586 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Target by 1,364.3% during the 1st quarter. Pacer Advisors Inc. now owns 3,289,692 shares of the retailer's stock worth $343,312,000 after purchasing an additional 3,065,035 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Target during the 1st quarter worth $186,361,000. Goldman Sachs Group Inc. lifted its stake in shares of Target by 35.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer's stock worth $560,420,000 after purchasing an additional 1,406,653 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Target by 572.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,223,965 shares of the retailer's stock worth $127,733,000 after purchasing an additional 1,042,047 shares during the last quarter. Institutional investors own 79.73% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Morgan Stanley decreased their price objective on Target from $160.00 to $112.00 and set an "overweight" rating for the company in a research note on Thursday, May 22nd. Royal Bank Of Canada upped their price objective on Target from $104.00 to $107.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Jefferies Financial Group decreased their price objective on Target from $120.00 to $115.00 and set a "buy" rating for the company in a research note on Wednesday, August 20th. Bank of America restated an "underperform" rating and set a $93.00 price objective (down from $105.00) on shares of Target in a research note on Friday, August 15th. Finally, Wall Street Zen upgraded Target from a "sell" rating to a "hold" rating in a research note on Sunday, August 17th. Ten investment analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $113.74.

Target Price Performance

Shares of NYSE TGT opened at $90.03 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.32 and a current ratio of 0.99. The company has a market cap of $40.91 billion, a PE ratio of 10.49, a P/E/G ratio of 2.64 and a beta of 1.16. The business has a 50-day simple moving average of $100.52 and a two-hundred day simple moving average of $100.14. Target Corporation has a fifty-two week low of $87.35 and a fifty-two week high of $161.50.

Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.01. Target had a return on equity of 23.43% and a net margin of 3.72%.The business had revenue of $24.99 billion during the quarter, compared to the consensus estimate of $24.84 billion. During the same quarter last year, the company earned $2.57 earnings per share. The company's quarterly revenue was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, equities analysts expect that Target Corporation will post 8.69 EPS for the current fiscal year.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.

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