Ashton Thomas Private Wealth LLC Has $5.64 Million Stake in Target Corporation $TGT

Key Points

• Ashton Thomas Private Wealth LLC boosted its holdings in Target Corporation by 8.9%, owning 54,082 shares valued at $5.64 million after acquiring an additional 4,434 shares in Q1.
• Target's recent earnings report showed an EPS of $2.05, exceeding estimates and a revenue of $24.99 billion, although the revenue decreased by 0.9% compared to last year.
• The company declared a quarterly dividend of $1.12 per share, resulting in an annualized dividend yield of 4.9% with a payout ratio of 53.15%.

Ashton Thomas Private Wealth LLC lifted its position in shares of Target Corporation (NYSE:TGT - Free Report) by 8.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,082 shares of the retailer's stock after buying an additional 4,434 shares during the period. Ashton Thomas Private Wealth LLC's holdings in Target were worth $5,644,000 at the end of the most recent quarter.

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

Target Price Performance

Shares of NYSE TGT traded up $0.69 during mid-day trading on Thursday, hitting $91.47. 9,477,865 shares of the stock traded hands, compared to its average volume of 8,557,401. 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 Corporation has a twelve month low of $87.35 and a twelve month high of $161.50. The company has a market cap of $41.56 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of 2.62 and a beta of 1.16. The firm has a 50 day simple moving average of $101.05 and a two-hundred day simple moving average of $100.64.

Target (NYSE:TGT - Get Free Report) last announced its earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.01. The business had revenue of $24.99 billion during 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%.Target's revenue for the quarter was down .9% compared to the same quarter last year. 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, equities research analysts forecast that Target Corporation will post 8.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wall Street Zen upgraded Target from a "sell" rating to a "hold" rating in a report on Sunday, August 17th. JPMorgan Chase & Co. increased their target price on Target from $105.00 to $109.00 and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. Piper Sandler reiterated a "neutral" rating on shares of Target in a research note on Tuesday, July 29th. The Goldman Sachs Group reduced their price target on Target from $101.00 to $90.00 and set a "neutral" rating on the stock in a research report on Thursday, May 22nd. 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 given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Target presently has an average rating of "Hold" and an average price target of $113.74.

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.