Target Corporation $TGT Shares Sold by Voleon Capital Management LP

Key Points

• Voleon Capital Management LP has reduced its position in Target Corporation by 57.9%, now holding 3,281 shares worth approximately $342,000.
• In recent analyst reports, Target's stock ratings show mixed reviews, with ten analysts rating it as a Buy and others giving it Hold or Sell ratings, leading to an average consensus target price of $113.74.
• Target reported a quarterly earnings per share of $2.05, slightly exceeding analysts' estimates, but noted a 0.9% year-over-year decline in revenue, totaling $24.99 billion.

Voleon Capital Management LP lessened its holdings in shares of Target Corporation (NYSE:TGT - Free Report) by 57.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,281 shares of the retailer's stock after selling 4,508 shares during the period. Voleon Capital Management LP's holdings in Target were worth $342,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Centaurus Financial Inc. boosted its holdings in Target by 2.7% in the 4th quarter. Centaurus Financial Inc. now owns 3,803 shares of the retailer's stock valued at $514,000 after purchasing an additional 99 shares during the last quarter. Guardian Wealth Advisors LLC boosted its holdings in Target by 2.6% in the 1st quarter. Guardian Wealth Advisors LLC now owns 4,043 shares of the retailer's stock valued at $422,000 after purchasing an additional 104 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its holdings in Target by 9.7% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,203 shares of the retailer's stock valued at $126,000 after purchasing an additional 106 shares during the last quarter. Truvestments Capital LLC boosted its holdings in Target by 21.4% in the 1st quarter. Truvestments Capital LLC now owns 606 shares of the retailer's stock valued at $63,000 after purchasing an additional 107 shares during the last quarter. Finally, Formidable Asset Management LLC lifted its holdings in shares of Target by 1.2% in the 1st quarter. Formidable Asset Management LLC now owns 9,696 shares of the retailer's stock worth $1,012,000 after acquiring an additional 111 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TGT shares. Truist Financial upped their price objective on shares of Target from $90.00 to $107.00 and gave the stock a "hold" rating in a report on Wednesday, August 13th. 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. Telsey Advisory Group restated a "market perform" rating and issued a $110.00 price objective on shares of Target in a report on Wednesday, August 20th. Wedbush reaffirmed an "outperform" rating on shares of Target in a research note on Thursday, July 17th. Finally, Wall Street Zen raised shares of Target from a "sell" rating to a "hold" rating in a research note on Sunday, August 17th. Ten investment analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $113.74.

Target Price Performance

Shares of NYSE TGT traded down $1.17 during midday trading on Monday, hitting $88.79. The company had a trading volume of 3,478,146 shares, compared to its average volume of 7,133,217. 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 50-day simple moving average of $100.52 and a two-hundred day simple moving average of $99.82. Target Corporation has a twelve month low of $87.35 and a twelve month high of $161.50. The firm has a market capitalization of $40.34 billion, a price-to-earnings ratio of 10.35, a price-to-earnings-growth ratio of 2.60 and a beta of 1.16.

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