Logan Capital Management Inc. Has $5.37 Million Stake in Target Corporation $TGT

Key Points

• Logan Capital Management Inc. increased its stake in Target Corporation by 6.8% in Q1, owning 51,439 shares valued at approximately $5.37 million.
• Target's stock recently declined by 1.7% to $91.55, with significant institutional ownership at 79.73%.
• The company reported a quarterly EPS of $2.05, which exceeded analysts' estimates, but its revenue decreased 0.9% compared to the previous year.

Logan Capital Management Inc. boosted its position in shares of Target Corporation (NYSE:TGT - Free Report) by 6.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 51,439 shares of the retailer's stock after acquiring an additional 3,287 shares during the period. Logan Capital Management Inc.'s holdings in Target were worth $5,368,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TGT. Bernard Wealth Management Corp. bought a new stake in shares of Target during the fourth quarter worth $29,000. Heck Capital Advisors LLC purchased a new position in Target in the fourth quarter valued at about $40,000. WPG Advisers LLC purchased a new stake in shares of Target during the first quarter worth about $32,000. Mascagni Wealth Management Inc. purchased a new stake in shares of Target during the fourth quarter worth about $49,000. Finally, 1248 Management LLC purchased a new stake in shares of Target during the first quarter worth about $38,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TGT has been the subject of a number of analyst reports. Truist Financial boosted their price target on Target from $90.00 to $107.00 and gave the company a "hold" rating in a report on Wednesday, August 13th. Morgan Stanley decreased their price target on Target from $160.00 to $112.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. The Goldman Sachs Group decreased their price target on Target from $101.00 to $90.00 and set a "neutral" rating for the company in a report on Thursday, May 22nd. Jefferies Financial Group decreased their price target on Target from $120.00 to $115.00 and set a "buy" rating for the company in a report on Wednesday, August 20th. Finally, Barclays reaffirmed an "underweight" rating and set a $91.00 target price on shares of Target in a research note on Monday, July 21st. Ten analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $113.74.

Target Price Performance

NYSE:TGT traded up $0.69 during trading hours on Thursday, hitting $91.47. The company's stock had a trading volume of 9,477,865 shares, compared to its average volume of 8,557,401. The business's 50-day moving average is $100.80 and its two-hundred day moving average is $100.40. The company has a market capitalization 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 debt-to-equity ratio of 0.99, a quick ratio of 0.32 and a current ratio of 0.99. Target Corporation has a 52-week low of $87.35 and a 52-week high of $161.50.

Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.04 by $0.01. The firm had revenue of $24.99 billion for the quarter, compared to analyst estimates of $24.84 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.The firm's quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the company earned $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, research analysts anticipate that Target Corporation will post 8.69 EPS 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.