J.W. Cole Advisors Inc. Has $1.20 Million Holdings in Target Corporation $TGT

J.W. Cole Advisors Inc. lessened its position in shares of Target Corporation (NYSE:TGT) by 33.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 12,908 shares of the retailer’s stock after selling 6,513 shares during the period. J.W. Cole Advisors Inc.’s holdings in Target were worth $1,198,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Target by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 58,212,397 shares of the retailer’s stock worth $5,690,262,000 after buying an additional 286,499 shares in the last quarter. State Street Corp lifted its stake in Target by 2.5% in the 3rd quarter. State Street Corp now owns 37,648,065 shares of the retailer’s stock valued at $3,377,031,000 after acquiring an additional 911,964 shares in the last quarter. Norges Bank acquired a new position in Target during the 4th quarter worth approximately $587,903,000. Dimensional Fund Advisors LP grew its stake in shares of Target by 2.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,051,151 shares of the retailer’s stock worth $453,050,000 after acquiring an additional 122,300 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Target by 10.2% during the 3rd quarter. Invesco Ltd. now owns 3,910,163 shares of the retailer’s stock worth $350,742,000 after acquiring an additional 360,781 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Price Performance

NYSE:TGT opened at $126.52 on Wednesday. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. The stock’s 50 day moving average price is $124.70 and its two-hundred day moving average price is $112.71. The firm has a market capitalization of $57.46 billion, a price-to-earnings ratio of 16.71, a P/E/G ratio of 2.42 and a beta of 1.00. Target Corporation has a 12-month low of $83.44 and a 12-month high of $133.10.

Target (NYSE:TGT) last issued its earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, topping the consensus estimate of $1.47 by $0.24. The company had revenue of $25.44 billion during the quarter, compared to the consensus estimate of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, analysts anticipate that Target Corporation will post 8.35 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on TGT. The Goldman Sachs Group boosted their price objective on shares of Target from $112.00 to $127.00 and gave the stock a “neutral” rating in a research report on Thursday, May 21st. Roth Mkm reiterated a “neutral” rating and issued a $114.00 price target on shares of Target in a research note on Friday, May 22nd. Guggenheim restated a “buy” rating and set a $140.00 price objective on shares of Target in a research note on Wednesday, May 20th. Mizuho set a $120.00 target price on Target in a research report on Thursday, March 5th. Finally, Freedom Capital cut Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Eleven analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $125.93.

Insiders Place Their Bets

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total value of $240,591.07. Following the transaction, the chief accounting officer directly owned 12,143 shares in the company, valued at $1,423,038.17. The trade was a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the completion of the transaction, the insider directly owned 45,930 shares in the company, valued at $5,782,127.70. The trade was a 17.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.13% of the company’s stock.

Target Company Profile

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.