Integrity Alliance LLC. Boosts Stock Position in Target Corporation $TGT

Key Points

• Integrity Alliance LLC increased its stake in Target Corporation by 187.1% during the first quarter, now holding a total of 22,706 shares valued at approximately $2.37 million.
• Target reported quarterly earnings with an EPS of $2.05, slightly exceeding analysts' expectations, but showed a year-over-year revenue decline of 0.9%.
• Analyst ratings for Target are mixed, with 10 Buy, 23 Hold, and 3 Sell ratings, and an average target price of $113.74.

Integrity Alliance LLC. increased its holdings in shares of Target Corporation (NYSE:TGT - Free Report) by 187.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,706 shares of the retailer's stock after acquiring an additional 14,797 shares during the period. Integrity Alliance LLC.'s holdings in Target were worth $2,370,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TGT. Bernard Wealth Management Corp. purchased a new position in shares of Target during the fourth quarter valued at approximately $29,000. WPG Advisers LLC bought a new position in shares of Target during the first quarter worth $32,000. 1248 Management LLC bought a new position in Target during the first quarter valued at $38,000. Heck Capital Advisors LLC bought a new position in Target during the fourth quarter valued at $40,000. Finally, Atwood & Palmer Inc. lifted its position in Target by 951.4% during the first quarter. Atwood & Palmer Inc. now owns 389 shares of the retailer's stock valued at $41,000 after purchasing an additional 352 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on TGT shares. DA Davidson cut their price target on shares of Target from $140.00 to $125.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd. Evercore ISI lowered their price target on shares of Target from $108.00 to $106.00 and set an "in-line" rating on the stock in a report on Thursday, August 21st. UBS Group lowered their target price on shares of Target from $135.00 to $130.00 and set a "buy" rating for the company in a research note on Thursday, August 21st. Bank of America reiterated an "underperform" rating and issued a $93.00 target price (down from $105.00) on shares of Target in a research note on Friday, August 15th. Finally, The Goldman Sachs Group decreased their price objective 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. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $113.74.

Target Stock Down 1.6%

Target stock traded down $1.49 during mid-day trading on Friday, hitting $90.03. The company had a trading volume of 6,162,341 shares, compared to its average volume of 8,782,737. The stock has a market cap of $40.91 billion, a price-to-earnings ratio of 10.49, a PEG ratio of 2.64 and a beta of 1.16. Target Corporation has a 1 year low of $87.35 and a 1 year high of $161.50. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. The business has a fifty day moving average of $100.52 and a 200 day moving average of $100.14.

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 firm had revenue of $24.99 billion during the quarter, compared to the consensus estimate of $24.84 billion. During the same period last year, the company earned $2.57 earnings per share. The company'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. On average, sell-side analysts expect that Target Corporation will post 8.69 earnings per share 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.