2,991 Shares in Target Corporation $TGT Acquired by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC has acquired 2,991 shares of Target Corporation, valued at approximately $312,000, in the first quarter according to recent SEC filings.
• Target's stock has a market capitalization of $41.26 billion and is currently trading at $90.81, compared to a 12-month low of $87.35 and a high of $161.50.
• Analysts have set a consensus target price of $113.74 for Target Corporation, with a mix of buy, hold, and sell ratings from research analysts.

MBB Public Markets I LLC purchased a new stake in shares of Target Corporation (NYSE:TGT - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,991 shares of the retailer's stock, valued at approximately $312,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Centaurus Financial Inc. grew its position in Target by 2.7% in the 4th quarter. Centaurus Financial Inc. now owns 3,803 shares of the retailer's stock valued at $514,000 after buying an additional 99 shares in the last quarter. Guardian Wealth Advisors LLC lifted its stake in shares of Target by 2.6% in the 1st quarter. Guardian Wealth Advisors LLC now owns 4,043 shares of the retailer's stock worth $422,000 after acquiring an additional 104 shares during the period. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Target by 9.7% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,203 shares of the retailer's stock valued at $126,000 after acquiring an additional 106 shares in the last quarter. Truvestments Capital LLC increased its stake in shares of Target by 21.4% during the first quarter. Truvestments Capital LLC now owns 606 shares of the retailer's stock valued at $63,000 after acquiring an additional 107 shares during the period. Finally, Formidable Asset Management LLC raised its holdings in Target by 1.2% during the first quarter. Formidable Asset Management LLC now owns 9,696 shares of the retailer's stock worth $1,012,000 after purchasing an additional 111 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Target Trading Down 1.6%

Shares of TGT traded down $1.49 during midday trading on Friday, hitting $90.03. The stock had a trading volume of 6,162,341 shares, compared to its average volume of 8,782,737. The business has a 50-day simple moving average of $100.52 and a two-hundred day simple moving average of $100.14. The firm has a market cap of $40.91 billion, a P/E ratio of 10.49, a price-to-earnings-growth ratio of 2.64 and a beta of 1.16. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99. 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 released its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.04 by $0.01. Target had a net margin of 3.72% and a return on equity of 23.43%. The business had revenue of $24.99 billion for the quarter, compared to analyst estimates of $24.84 billion. During the same quarter in the previous year, the business earned $2.57 earnings per share. The firm's revenue was down .9% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, equities analysts forecast that Target Corporation will post 8.69 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Bank of America reaffirmed an "underperform" rating and set a $93.00 price target (down from $105.00) on shares of Target in a research note on Friday, August 15th. The Goldman Sachs Group decreased their target price on Target from $101.00 to $90.00 and set a "neutral" rating for the company in a research note on Thursday, May 22nd. Wall Street Zen upgraded shares of Target from a "sell" rating to a "hold" rating in a research report on Sunday, August 17th. Wedbush restated an "outperform" rating on shares of Target in a research report on Thursday, July 17th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $110.00 price objective on shares of Target in a research note on Wednesday, August 20th. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Target currently has an average rating of "Hold" and an average price target of $113.74.

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.