Target Corporation $TGT Stock Holdings Lifted by Jump Financial LLC

Key Points

• Jump Financial LLC increased its holdings in Target Corporation by a staggering 1,581.0% during the first quarter, now owning 103,328 shares valued at approximately $10.8 million.
• Approximately 79.73% of Target's stock is owned by institutional investors, with several large entities like Northwestern Mutual and Allstate also boosting their positions in the retailer.
• Target's recent quarterly earnings reported $2.05 EPS, slightly exceeding analyst expectations, despite a 0.9% decline in revenue year-over-year, leading to a FY 2025 EPS guidance of 7.000-9.000.

Jump Financial LLC lifted its holdings in Target Corporation (NYSE:TGT - Free Report) by 1,581.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 103,328 shares of the retailer's stock after buying an additional 97,181 shares during the quarter. Jump Financial LLC's holdings in Target were worth $10,783,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. lifted its position in shares of Target by 13.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 99,537 shares of the retailer's stock worth $10,388,000 after buying an additional 12,111 shares during the last quarter. Haverford Trust Co lifted its position in shares of Target by 0.9% in the 1st quarter. Haverford Trust Co now owns 31,775 shares of the retailer's stock worth $3,316,000 after buying an additional 286 shares during the last quarter. AlphaQuest LLC lifted its position in Target by 1,808,600.0% in the 1st quarter. AlphaQuest LLC now owns 18,087 shares of the retailer's stock valued at $1,888,000 after purchasing an additional 18,086 shares during the last quarter. Allstate Corp lifted its position in Target by 33.7% in the 1st quarter. Allstate Corp now owns 18,180 shares of the retailer's stock valued at $1,897,000 after purchasing an additional 4,582 shares during the last quarter. Finally, Gitterman Wealth Management LLC bought a new stake in Target in the 1st quarter valued at about $320,000. 79.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Target from a "sell" rating to a "hold" rating in a research report on Sunday, August 17th. Morgan Stanley cut their price objective on shares of Target from $160.00 to $112.00 and set an "overweight" rating on the stock in a research report on Thursday, May 22nd. Bank of America reiterated an "underperform" rating and issued a $93.00 price objective (down from $105.00) on shares of Target in a research report on Friday, August 15th. The Goldman Sachs Group cut their price objective on shares of Target from $101.00 to $90.00 and set a "neutral" rating on the stock in a research report on Thursday, May 22nd. Finally, Evercore ISI cut their price objective on shares of Target from $108.00 to $106.00 and set an "in-line" rating on the stock in a research report on Thursday. 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 company's stock. According to MarketBeat, Target presently has a consensus rating of "Hold" and a consensus price target of $113.74.

Target Stock Up 2.0%

Target stock opened at $98.9880 on Friday. The stock has a market cap of $44.98 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 2.86 and a beta of 1.22. The company has a current ratio of 0.99, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The company's 50-day moving average price is $102.06 and its two-hundred day moving average price is $103.64. Target Corporation has a 52 week low of $87.35 and a 52 week high of $161.84.

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

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Wednesday, August 13th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $4.48 annualized dividend and a yield of 4.5%. Target's dividend payout ratio (DPR) is presently 53.15%.

Insider Activity

In other news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $96.18, for a total value of $4,328,100.00. Following the transaction, the insider owned 246,453 shares of the company's stock, valued at $23,703,849.54. The trade was a 15.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.16% of the stock is owned by corporate insiders.

About Target

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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