Modus Advisors LLC Sells 881 Shares of Target Corporation $TGT

Modus Advisors LLC reduced its position in shares of Target Corporation (NYSE:TGT) by 18.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,021 shares of the retailer’s stock after selling 881 shares during the period. Modus Advisors LLC’s holdings in Target were worth $397,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Punch & Associates Investment Management Inc. lifted its holdings in Target by 48.1% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 84,190 shares of the retailer’s stock valued at $8,786,000 after purchasing an additional 27,329 shares during the last quarter. DSG Capital Advisors LLC lifted its holdings in Target by 16.1% during the 1st quarter. DSG Capital Advisors LLC now owns 156,644 shares of the retailer’s stock valued at $16,347,000 after purchasing an additional 21,726 shares during the last quarter. Viking Fund Management LLC lifted its holdings in Target by 20.0% during the 1st quarter. Viking Fund Management LLC now owns 60,000 shares of the retailer’s stock valued at $6,262,000 after purchasing an additional 10,000 shares during the last quarter. Correct Capital Wealth Management lifted its holdings in Target by 44.7% during the 1st quarter. Correct Capital Wealth Management now owns 13,556 shares of the retailer’s stock valued at $1,415,000 after purchasing an additional 4,189 shares during the last quarter. Finally, PDT Partners LLC bought a new position in Target during the 1st quarter valued at about $4,623,000. 79.73% of the stock is owned by institutional investors.

Target Stock Down 1.6%

Shares of NYSE:TGT opened at $90.03 on Friday. Target Corporation has a one year low of $87.35 and a one year high of $161.50. The company has a 50 day moving average of $100.52 and a 200-day moving average of $99.98. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32. The stock has a market cap of $40.91 billion, a price-to-earnings ratio of 10.49, a P/E/G ratio of 2.64 and a beta of 1.16.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, topping the consensus estimate of $2.04 by $0.01. Target had a net margin of 3.72% and a return on equity of 23.43%. The company had revenue of $24.99 billion during the quarter, compared to analysts’ expectations of $24.84 billion. During the same quarter in the previous year, the company earned $2.57 EPS. Target’s revenue was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, sell-side analysts forecast that Target Corporation will post 8.69 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TGT shares. Loop Capital set a $95.00 target price on shares of Target in a research note on Thursday, July 17th. Zacks Research raised shares of Target from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. DA Davidson dropped their target price on shares of Target from $140.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, May 22nd. Piper Sandler reaffirmed a “neutral” rating on shares of Target in a research note on Tuesday, July 29th. Finally, Bank of America reaffirmed an “underperform” rating and issued a $93.00 target price (down from $105.00) on shares of Target in a research note on Friday, August 15th. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $113.74.

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.