Target Corporation $TGT Shares Sold by Mirador Capital Partners LP

Mirador Capital Partners LP cut its position in Target Corporation (NYSE:TGT) by 70.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,899 shares of the retailer’s stock after selling 21,144 shares during the quarter. Mirador Capital Partners LP’s holdings in Target were worth $878,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in TGT. Charles Schwab Investment Management Inc. boosted its stake in shares of Target by 407.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 15,970,414 shares of the retailer’s stock valued at $1,666,672,000 after purchasing an additional 12,825,586 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Target by 1,364.3% in the first quarter. Pacer Advisors Inc. now owns 3,289,692 shares of the retailer’s stock valued at $343,312,000 after purchasing an additional 3,065,035 shares during the period. Nuveen LLC purchased a new position in shares of Target in the first quarter valued at $186,361,000. Goldman Sachs Group Inc. boosted its stake in shares of Target by 35.5% in the first quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer’s stock valued at $560,420,000 after purchasing an additional 1,406,653 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Target by 572.8% in the first quarter. Assenagon Asset Management S.A. now owns 1,223,965 shares of the retailer’s stock valued at $127,733,000 after purchasing an additional 1,042,047 shares during the period. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on TGT shares. Citigroup upped their price target on shares of Target from $94.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, August 22nd. Loop Capital set a $95.00 price target on shares of Target in a report on Thursday, July 17th. JPMorgan Chase & Co. upped their price target on shares of Target from $105.00 to $109.00 and gave the company a “neutral” rating in a report on Thursday, May 22nd. Truist Financial upped their price target on shares of Target from $90.00 to $107.00 and gave the company a “hold” rating in a report on Wednesday, August 13th. Finally, Evercore ISI cut their price target on shares of Target from $108.00 to $106.00 and set an “in-line” rating on the stock 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. Based on data from MarketBeat.com, Target currently has a consensus rating of “Hold” and a consensus target price of $113.74.

Target Stock Performance

Shares of TGT opened at $89.67 on Wednesday. The firm has a 50-day moving average price of $100.01 and a 200 day moving average price of $99.50. The firm has a market capitalization of $40.75 billion, a PE ratio of 10.45, a P/E/G ratio of 2.55 and a beta of 1.16. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. Target Corporation has a 52-week low of $87.35 and a 52-week high of $161.50.

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

Target 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.