Polianta Ltd Takes $1.36 Million Position in Target Corporation $TGT

Polianta Ltd bought a new position in shares of Target Corporation (NYSE:TGT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,200 shares of the retailer’s stock, valued at approximately $1,363,000.

Other large investors have also recently bought and sold shares of the company. WFA of San Diego LLC acquired a new position in Target in the second quarter valued at approximately $25,000. Raleigh Capital Management Inc. lifted its position in shares of Target by 63.4% during the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after buying an additional 102 shares during the last quarter. Kozak & Associates Inc. grew its position in shares of Target by 2,530.0% in the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after buying an additional 253 shares during the last quarter. Heartwood Wealth Advisors LLC acquired a new stake in Target during the 3rd quarter worth $27,000. Finally, Investment Research & Advisory Group Inc. acquired a new stake in Target during the 2nd quarter worth $29,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Performance

NYSE:TGT opened at $96.47 on Friday. The firm’s fifty day simple moving average is $92.48 and its 200-day simple moving average is $95.50. The company has a quick ratio of 0.27, a current ratio of 0.97 and a debt-to-equity ratio of 0.99. The stock has a market cap of $43.68 billion, a PE ratio of 11.71, a price-to-earnings-growth ratio of 10.50 and a beta of 1.13. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $145.08.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 19th. The retailer reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.07. Target had a net margin of 3.58% and a return on equity of 22.74%. The company had revenue of $25.27 billion for the quarter, compared to analyst estimates of $25.44 billion. During the same period in the prior year, the business posted $1.85 earnings per share. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-8.000 EPS. Analysts expect that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

TGT has been the topic of several research reports. Royal Bank Of Canada dropped their price objective on Target from $107.00 to $99.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Citigroup dropped their price target on Target from $100.00 to $89.00 and set a “neutral” rating on the stock in a research note on Thursday, November 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Target in a research note on Wednesday, October 8th. Piper Sandler reiterated a “neutral” rating and issued a $85.00 price target (down previously from $94.00) on shares of Target in a research report on Thursday, November 20th. Finally, Cowen restated a “hold” rating on shares of Target in a research note on Monday, November 10th. Ten equities research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Target currently has an average rating of “Hold” and an average price target of $102.62.

About Target

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.