Optimize Financial Inc Acquires Shares of 4,126 Target Corporation $TGT

Key Points

• Optimize Financial Inc. has acquired a new stake in Target Corporation, purchasing 4,126 shares valued at approximately $431,000 in the 1st quarter.
• Market analysts have varied opinions on Target, with Citigroup raising its target price from $94 to $100 while Wells Fargo reduced it from $135 to $115, leading to an average rating of "Hold" for the stock.
• Target's latest earnings report showed an EPS of $2.05 for the quarter, exceeding analyst estimates, though revenue experienced a 0.9% decline compared to the same period last year.

Optimize Financial Inc acquired a new position in shares of Target Corporation (NYSE:TGT - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,126 shares of the retailer's stock, valued at approximately $431,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Target by 407.8% in the first 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 during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Target by 1,364.3% in the first quarter. Pacer Advisors Inc. now owns 3,289,692 shares of the retailer's stock worth $343,312,000 after acquiring an additional 3,065,035 shares during the last quarter. Nuveen LLC acquired a new position in shares of Target in the first quarter worth $186,361,000. Goldman Sachs Group Inc. raised its holdings in shares of Target by 35.5% in the first 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 during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Target by 572.8% in the first quarter. Assenagon Asset Management S.A. now owns 1,223,965 shares of the retailer's stock worth $127,733,000 after acquiring an additional 1,042,047 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TGT. Truist Financial boosted their price target on Target from $90.00 to $107.00 and gave the stock a "hold" rating in a report on Wednesday, August 13th. Jefferies Financial Group dropped their target price on Target from $120.00 to $115.00 and set a "buy" rating for the company in a research note on Wednesday, August 20th. UBS Group dropped their target price on Target from $135.00 to $130.00 and set a "buy" rating for the company in a research note on Thursday, August 21st. The Goldman Sachs Group dropped 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. Finally, Wedbush reissued an "outperform" rating on shares of Target in a research report on Thursday, July 17th. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, Target has an average rating of "Hold" and an average target price of $113.74.

Target Trading Up 0.8%

NYSE:TGT traded up $0.69 on Thursday, hitting $91.47. 9,477,865 shares of the stock were exchanged, compared to its average volume of 8,557,401. The stock has a market cap of $41.56 billion, a PE ratio of 10.66, a PEG ratio of 2.62 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. The stock has a fifty day moving average of $100.80 and a 200-day moving average of $100.40. 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 announced its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 EPS 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 company had revenue of $24.99 billion during the quarter, compared to analyst estimates of $24.84 billion. During the same period in the prior year, the firm posted $2.57 earnings per share. The firm's 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 earnings per share for the current fiscal year.

Target Company Profile

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.