Live Oak Private Wealth LLC Reduces Stock Holdings in Target Corporation $TGT

Live Oak Private Wealth LLC lessened its position in shares of Target Corporation (NYSE:TGT) by 83.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,492 shares of the retailer’s stock after selling 17,932 shares during the quarter. Live Oak Private Wealth LLC’s holdings in Target were worth $313,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. WFA of San Diego LLC acquired a new position in Target during the second quarter worth about $25,000. Raleigh Capital Management Inc. grew its position in shares of Target by 63.4% in the second quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after purchasing an additional 102 shares during the last quarter. Kozak & Associates Inc. increased its stake in shares of Target by 2,530.0% during the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock worth $27,000 after purchasing an additional 253 shares in the last quarter. Heartwood Wealth Advisors LLC acquired a new position in shares of Target during the 3rd quarter worth approximately $27,000. Finally, Investment Research & Advisory Group Inc. acquired a new position in shares of Target during the 2nd quarter worth approximately $29,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TGT has been the topic of a number of analyst reports. Roth Capital set a $88.00 target price on Target in a report on Thursday, November 20th. DA Davidson reaffirmed a “buy” rating and set a $108.00 price objective on shares of Target in a research note on Thursday, November 20th. JPMorgan Chase & Co. dropped their price objective on Target from $117.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. BMO Capital Markets reduced their target price on shares of Target from $95.00 to $90.00 and set a “market perform” rating on the stock in a report on Thursday, November 20th. Finally, Citigroup decreased their price target on shares of Target from $100.00 to $89.00 and set a “neutral” rating on the stock in a research note on Thursday, November 20th. Ten investment analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $102.62.

Target Stock Up 3.1%

Shares of NYSE:TGT opened at $99.54 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.27 and a debt-to-equity ratio of 0.99. The firm has a market cap of $45.07 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 10.83 and a beta of 1.13. The stock’s 50-day moving average price is $92.65 and its two-hundred day moving average price is $95.46. Target Corporation has a 12-month low of $83.44 and a 12-month high of $145.08.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 19th. The retailer reported $1.78 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $25.44 billion. During the same quarter in the prior year, the company posted $1.85 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-8.000 EPS. On average, research analysts forecast that Target Corporation will post 8.69 EPS for the current year.

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.