Target Corporation $TGT Shares Purchased by Paladin Wealth LLC

Paladin Wealth LLC lifted its stake in Target Corporation (NYSE:TGT) by 5.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,734 shares of the retailer’s stock after acquiring an additional 463 shares during the quarter. Paladin Wealth LLC’s holdings in Target were worth $862,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Wealth Alliance Advisory Group LLC lifted its holdings in shares of Target by 76.0% in the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 5,191 shares of the retailer’s stock worth $512,000 after acquiring an additional 2,241 shares during the last quarter. Hedges Asset Management LLC lifted its holdings in shares of Target by 22.6% in the 2nd quarter. Hedges Asset Management LLC now owns 13,000 shares of the retailer’s stock worth $1,282,000 after acquiring an additional 2,400 shares during the last quarter. Value Partners Investments Inc. lifted its holdings in shares of Target by 18.9% in the 2nd quarter. Value Partners Investments Inc. now owns 44,000 shares of the retailer’s stock worth $4,341,000 after acquiring an additional 7,000 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Target by 20.4% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 7,109 shares of the retailer’s stock worth $701,000 after acquiring an additional 1,203 shares during the last quarter. Finally, Centurion Wealth Management LLC lifted its holdings in Target by 25.3% during the 2nd quarter. Centurion Wealth Management LLC now owns 3,068 shares of the retailer’s stock worth $303,000 after buying an additional 620 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Trading Down 1.6%

Shares of NYSE:TGT opened at $90.03 on Monday. Target Corporation has a 52 week low of $87.35 and a 52 week high of $161.50. The company’s 50 day moving average is $100.52 and its two-hundred day moving average is $99.82. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99. The company has a market cap of $40.91 billion, a PE ratio of 10.49, a P/E/G ratio of 2.60 and a beta of 1.16.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $24.84 billion. During the same period in the prior year, the firm posted $2.57 EPS. The company’s quarterly revenue was down .9% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Equities analysts predict that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TGT shares. Piper Sandler reiterated a “neutral” rating on shares of Target in a report on Tuesday, July 29th. Wall Street Zen upgraded shares of Target from a “sell” rating to a “hold” rating in a report on Sunday, August 17th. Wells Fargo & Company reduced their target price on shares of Target from $135.00 to $115.00 and set an “overweight” rating on the stock in a report on Thursday, May 22nd. Loop Capital set a $95.00 target price on shares of Target in a report on Thursday, July 17th. Finally, Royal Bank Of Canada increased their target price on shares of Target from $104.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Ten analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.