Central Bank & Trust Co. Purchases 4,029 Shares of Target Corporation $TGT

Key Points

• Central Bank & Trust Co. has increased its stake in Target Corporation by 37.1%, now holding 14,876 shares valued at approximately $1.47 million.
• Target's stock currently has an average price target of $113.74, with 10 analysts rating it as a Buy and 23 as a Hold.
• In its latest earnings report, Target posted $2.05 EPS, slightly above expectations, with revenues of $24.99 billion, though down 0.9% year-over-year.

Central Bank & Trust Co. lifted its holdings in Target Corporation (NYSE:TGT - Free Report) by 37.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,876 shares of the retailer's stock after acquiring an additional 4,029 shares during the quarter. Central Bank & Trust Co.'s holdings in Target were worth $1,468,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its holdings in shares of Target by 407.8% in 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 acquiring an additional 12,825,586 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Target by 35.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer's stock worth $560,420,000 after acquiring an additional 1,406,653 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Target by 7.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,194,231 shares of the retailer's stock worth $542,020,000 after acquiring an additional 370,967 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Target by 6.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,028,486 shares of the retailer's stock worth $420,413,000 after acquiring an additional 229,670 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Target by 14.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,798,816 shares of the retailer's stock worth $513,524,000 after acquiring an additional 477,761 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TGT has been the subject of several research analyst reports. Truist Financial boosted their price objective on shares of Target from $90.00 to $107.00 and gave the stock a "hold" rating in a research report on Wednesday, August 13th. Royal Bank Of Canada upped their price objective on shares of Target from $104.00 to $107.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. The Goldman Sachs Group reduced their target price on shares of Target from $101.00 to $90.00 and set a "neutral" rating for the company in a research note on Thursday, May 22nd. Loop Capital set a $95.00 target price on shares of Target in a research note on Thursday, July 17th. Finally, Barclays reaffirmed an "underweight" rating and issued a $91.00 target price on shares of Target in a research note on Monday, July 21st. Ten equities research 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $113.74.

Target Stock Down 1.6%

Target stock opened at $88.55 on Tuesday. The stock has a market cap of $40.24 billion, a P/E ratio of 10.32, a P/E/G ratio of 2.60 and a beta of 1.16. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. Target Corporation has a twelve month low of $87.35 and a twelve month high of $161.50. The company's 50-day moving average price is $100.25 and its two-hundred day moving average price is $99.57.

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