Meiji Yasuda Asset Management Co Ltd. Sells 7,305 Shares of Target Corporation $TGT

Key Points

• Meiji Yasuda Asset Management Co Ltd. reduced its stake in Target Corporation by 8.6% in Q1, owning a total of 77,514 shares worth approximately $8.09 million after the sale.
• Target reported a quarterly EPS of $2.05, slightly above estimates, but its revenue decreased by 0.9% year-over-year, with guidance for FY 2025 set between 7.000-9.000 EPS.
• The company declared a quarterly dividend of $1.12, translating to an annual dividend of $4.48, with a yield of 4.8%.

Meiji Yasuda Asset Management Co Ltd. lessened its holdings in Target Corporation (NYSE:TGT - Free Report) by 8.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 77,514 shares of the retailer's stock after selling 7,305 shares during the period. Meiji Yasuda Asset Management Co Ltd.'s holdings in Target were worth $8,089,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caxton Associates LLP acquired a new position in Target in the 1st quarter valued at $565,000. Everstar Asset Management LLC acquired a new position in Target in the 1st quarter valued at $261,000. Ashton Thomas Private Wealth LLC grew its holdings in Target by 8.9% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 54,082 shares of the retailer's stock valued at $5,644,000 after buying an additional 4,434 shares in the last quarter. Stance Capital LLC grew its holdings in Target by 325,577.8% in the 1st quarter. Stance Capital LLC now owns 29,311 shares of the retailer's stock valued at $3,059,000 after buying an additional 29,302 shares in the last quarter. Finally, UniSuper Management Pty Ltd grew its holdings in Target by 9.9% in the 1st quarter. UniSuper Management Pty Ltd now owns 37,331 shares of the retailer's stock valued at $3,896,000 after buying an additional 3,361 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Trading Down 1.6%

Target stock traded down $1.49 during trading hours on Friday, hitting $90.03. The stock had a trading volume of 6,141,278 shares, compared to its average volume of 7,157,746. 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 stock has a market cap of $40.91 billion, a price-to-earnings ratio of 10.49, a P/E/G ratio of 2.62 and a beta of 1.16. Target Corporation has a one year low of $87.35 and a one year high of $161.50. The business's 50 day simple moving average is $100.80 and its 200-day simple moving average is $100.40.

Target (NYSE:TGT - Get Free Report) last posted its 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. The firm had revenue of $24.99 billion during the quarter, compared to the consensus estimate of $24.84 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.The business's quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the company earned $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, equities analysts predict that Target Corporation will post 8.69 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on TGT. Guggenheim reaffirmed a "buy" rating and issued a $115.00 price objective on shares of Target in a report on Thursday, August 21st. Wall Street Zen raised Target from a "sell" rating to a "hold" rating in a report on Sunday, August 17th. Royal Bank Of Canada upped their price objective on Target from $104.00 to $107.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. The Goldman Sachs Group reduced their target price on Target from $101.00 to $90.00 and set a "neutral" rating on the stock in a report on Thursday, May 22nd. Finally, Loop Capital set a $95.00 target price on Target in a report on Thursday, July 17th. Ten investment 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. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $113.74.

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.