Target Corporation $TGT Shares Bought by Mattson Financial Services LLC

Key Points

• Mattson Financial Services LLC increased its holdings in Target Corporation by 49.8%, owning 28,585 shares worth approximately $2.98 million as of its last SEC filing.
• Several institutional investors, including Punch & Associates and DSG Capital Advisors, significantly boosted their stakes in Target during the 1st quarter of this year.
• Target's stock has a consensus rating of "Hold" with an average target price of $113.74, while the stock recently opened at $90.81.

Mattson Financial Services LLC boosted its position in shares of Target Corporation (NYSE:TGT - Free Report) by 49.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,585 shares of the retailer's stock after acquiring an additional 9,501 shares during the period. Mattson Financial Services LLC's holdings in Target were worth $2,983,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Punch & Associates Investment Management Inc. grew its holdings in Target by 48.1% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 84,190 shares of the retailer's stock worth $8,786,000 after acquiring an additional 27,329 shares in the last quarter. DSG Capital Advisors LLC boosted its holdings in shares of Target by 16.1% in the 1st quarter. DSG Capital Advisors LLC now owns 156,644 shares of the retailer's stock valued at $16,347,000 after buying an additional 21,726 shares in the last quarter. Viking Fund Management LLC boosted its holdings in shares of Target by 20.0% in the 1st quarter. Viking Fund Management LLC now owns 60,000 shares of the retailer's stock valued at $6,262,000 after buying an additional 10,000 shares in the last quarter. Correct Capital Wealth Management boosted its holdings in shares of Target by 44.7% in the 1st quarter. Correct Capital Wealth Management now owns 13,556 shares of the retailer's stock valued at $1,415,000 after buying an additional 4,189 shares in the last quarter. Finally, PDT Partners LLC acquired a new position in shares of Target in the 1st quarter valued at $4,623,000. Institutional investors and hedge funds own 79.73% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Barclays restated an "underweight" rating and issued a $91.00 target price on shares of Target in a report on Monday, July 21st. BMO Capital Markets lowered their target price on shares of Target from $100.00 to $95.00 and set a "market perform" rating for the company in a report on Thursday, May 22nd. Wedbush restated an "outperform" rating on shares of Target in a report on Thursday, July 17th. Telsey Advisory Group restated a "market perform" rating and issued a $110.00 target price on shares of Target in a report on Wednesday, August 20th. Finally, Royal Bank Of Canada upped their target price on shares of Target from $104.00 to $107.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $113.74.

Target Stock Down 0.1%

TGT stock opened at $90.81 on Thursday. The company has a fifty day moving average price of $101.05 and a 200 day moving average price of $100.64. Target Corporation has a 12 month low of $87.35 and a 12 month high of $161.50. The company has a market cap of $41.26 billion, a price-to-earnings ratio of 10.58, a price-to-earnings-growth ratio of 2.62 and a beta of 1.16. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32.

Target (NYSE:TGT - Get Free Report) last released its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, beating the consensus estimate of $2.04 by $0.01. Target had a net margin of 3.72% and a return on equity of 23.43%. The firm had revenue of $24.99 billion during the quarter, compared to the consensus estimate of $24.84 billion. During the same quarter in the prior year, the firm earned $2.57 EPS. Target'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. Sell-side analysts expect that Target Corporation will post 8.69 earnings per share 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.

Want to see what other hedge funds are holding TGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Target Corporation (NYSE:TGT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.