Park National Corp OH Sells 4,429 Shares of Target Corporation $TGT

Key Points

• Park National Corp OH reduced its **stake in Target Corporation** by **11.7%**, selling **4,429 shares** during the second quarter, leaving them with **33,309 shares** valued at **$3.286 million**.
• Target's recent quarterly earnings exceeded analysts' expectations, reporting **$2.05 earnings per share**, though revenue fell by **0.9% year-over-year** to **$24.99 billion**.
• Analysts have mixed ratings on Target, with a **consensus "Hold"** rating and an average target price of **$113.74**, reflecting cautious sentiment among investors.

Park National Corp OH cut its holdings in Target Corporation (NYSE:TGT - Free Report) by 11.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,309 shares of the retailer's stock after selling 4,429 shares during the quarter. Park National Corp OH's holdings in Target were worth $3,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Bernard Wealth Management Corp. bought a new stake in shares of Target in the fourth quarter worth about $29,000. Heck Capital Advisors LLC purchased a new stake in Target in the fourth quarter worth about $40,000. WPG Advisers LLC purchased a new stake in Target in the first quarter worth about $32,000. Mascagni Wealth Management Inc. purchased a new stake in Target in the fourth quarter worth about $49,000. Finally, 1248 Management LLC purchased a new stake in Target in the first quarter worth about $38,000. 79.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TGT has been the subject of several research analyst reports. Piper Sandler restated a "neutral" rating on shares of Target in a report on Tuesday, July 29th. Bank of America restated an "underperform" rating and issued a $93.00 price objective (down from $105.00) on shares of Target in a report on Friday, August 15th. Wells Fargo & Company lowered their price objective on shares of Target from $135.00 to $115.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. Telsey Advisory Group reiterated a "market perform" rating and set a $110.00 target price on shares of Target in a report on Wednesday, August 20th. Finally, Robert W. Baird set a $100.00 target price on shares of Target in a report on Thursday, May 22nd. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Target currently has a consensus rating of "Hold" and an average target price of $113.74.

Target Price Performance

Shares of NYSE TGT opened at $90.03 on Friday. Target Corporation has a twelve month low of $87.35 and a twelve month high of $161.50. The firm has a market cap of $40.91 billion, a P/E ratio of 10.49, a PEG ratio of 2.64 and a beta of 1.16. The company has a 50 day moving average of $100.52 and a 200 day moving average of $99.98. 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 (NYSE:TGT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, topping 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 company had revenue of $24.99 billion during the quarter, compared to analyst estimates of $24.84 billion. During the same period in the previous year, the business earned $2.57 EPS. The firm's revenue for the quarter 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, research analysts expect that Target Corporation will post 8.69 EPS for the current fiscal year.

Target 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.

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