Ellsworth Advisors LLC Raises Holdings in Target Corporation $TGT

Ellsworth Advisors LLC raised its holdings in shares of Target Corporation (NYSE:TGT) by 8.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 38,828 shares of the retailer’s stock after acquiring an additional 2,883 shares during the quarter. Ellsworth Advisors LLC’s holdings in Target were worth $4,052,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bernard Wealth Management Corp. purchased a new stake in Target during the 4th quarter valued at $29,000. Heck Capital Advisors LLC bought a new position in shares of Target during the 4th quarter valued at $40,000. WPG Advisers LLC bought a new position in shares of Target during the 1st quarter valued at $32,000. Mascagni Wealth Management Inc. bought a new position in shares of Target during the 4th quarter valued at $49,000. Finally, 1248 Management LLC bought a new position in shares of Target during the 1st quarter valued at $38,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Price Performance

Shares of Target stock opened at $90.81 on Thursday. Target Corporation has a one year low of $87.35 and a one year high of $161.50. The stock’s fifty day moving average is $101.05 and its 200 day moving average is $100.64. The stock has a market cap of $41.26 billion, a P/E ratio of 10.58, a P/E/G ratio of 2.62 and a beta of 1.16. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.32 and a current ratio of 0.99.

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

Analysts Set New Price Targets

TGT has been the topic of several research analyst reports. Royal Bank Of Canada increased their price target on Target from $104.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. UBS Group lowered their price target on Target from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, August 21st. Mizuho lowered their price target on Target from $92.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday, May 22nd. Zacks Research raised Target from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, BMO Capital Markets lowered their price target on Target from $100.00 to $95.00 and set a “market perform” rating on the stock in a 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $113.74.

Target Company 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.