Target Corporation $TGT Shares Sold by InvesTrust

Key Points

• InvesTrust reduced its stake in Target Corporation by 57.5%, selling 26,556 shares in the second quarter, leaving them with a total of 19,621 shares valued at approximately $1.94 million.
• Target's shares are currently receiving mixed ratings, with ten analysts rating it as a "Buy" and 23 as "Hold", and an average target price of $113.74.
• Despite beating earnings estimates with $2.05 EPS, Target reported a 0.9% decline in revenue year-over-year, leading to increased scrutiny over its FY 2025 guidance of $7.00 to $9.00 EPS.

InvesTrust lowered its position in shares of Target Corporation (NYSE:TGT - Free Report) by 57.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 19,621 shares of the retailer's stock after selling 26,556 shares during the quarter. InvesTrust's holdings in Target were worth $1,936,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Centaurus Financial Inc. grew its position in Target by 2.7% in the fourth quarter. Centaurus Financial Inc. now owns 3,803 shares of the retailer's stock worth $514,000 after acquiring an additional 99 shares during the period. Guardian Wealth Advisors LLC grew its position in Target by 2.6% in the first quarter. Guardian Wealth Advisors LLC now owns 4,043 shares of the retailer's stock worth $422,000 after acquiring an additional 104 shares during the period. Cary Street Partners Investment Advisory LLC boosted its position in shares of Target by 9.7% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,203 shares of the retailer's stock worth $126,000 after buying an additional 106 shares during the period. Truvestments Capital LLC boosted its position in shares of Target by 21.4% during the first quarter. Truvestments Capital LLC now owns 606 shares of the retailer's stock worth $63,000 after buying an additional 107 shares during the period. Finally, Formidable Asset Management LLC boosted its position in shares of Target by 1.2% during the first quarter. Formidable Asset Management LLC now owns 9,696 shares of the retailer's stock worth $1,012,000 after buying an additional 111 shares during the period. Institutional investors and hedge funds own 79.73% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on Target from $105.00 to $109.00 and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. Citigroup raised their price target on Target from $94.00 to $100.00 and gave the stock a "neutral" rating in a research report on Friday, August 22nd. The Goldman Sachs Group lowered their price target on Target from $101.00 to $90.00 and set a "neutral" rating for the company in a research report on Thursday, May 22nd. Wall Street Zen upgraded Target from a "sell" rating to a "hold" rating in a research report on Sunday, August 17th. Finally, Robert W. Baird set a $100.00 price target on Target in a research report on Thursday, May 22nd. Ten 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 stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $113.74.

Target Stock Down 1.6%

Shares of NYSE TGT opened at $90.03 on Friday. The stock 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 current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99. Target Corporation has a 12-month low of $87.35 and a 12-month high of $161.50. The business's fifty day simple moving average is $100.52 and its 200-day simple moving average is $100.14.

Target (NYSE:TGT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.01. The business had revenue of $24.99 billion for the quarter, compared to analysts' expectations of $24.84 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.The company's revenue for the quarter was down .9% compared to the same quarter last year. During the same period last year, the firm earned $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, equities analysts predict 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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