Wealth Management Associates Inc. Boosts Stock Position in Target Corporation $TGT

Wealth Management Associates Inc. increased its stake in Target Corporation (NYSE:TGT) by 25.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,330 shares of the retailer’s stock after buying an additional 665 shares during the period. Wealth Management Associates Inc.’s holdings in Target were worth $348,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in TGT. Bernard Wealth Management Corp. purchased a new stake in shares of Target in the 4th quarter worth approximately $29,000. WPG Advisers LLC purchased a new stake in shares of Target in the 1st quarter worth approximately $32,000. 1248 Management LLC purchased a new stake in shares of Target in the 1st quarter worth approximately $38,000. Heck Capital Advisors LLC purchased a new stake in shares of Target in the 4th quarter worth approximately $40,000. Finally, Atwood & Palmer Inc. grew its stake in shares of Target by 951.4% in the 1st quarter. Atwood & Palmer Inc. now owns 389 shares of the retailer’s stock worth $41,000 after buying an additional 352 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TGT. Zacks Research upgraded Target from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. JPMorgan Chase & Co. upped their price objective on Target from $105.00 to $109.00 and gave the company a “neutral” rating in a research report on Thursday, May 22nd. Wedbush reaffirmed an “outperform” rating on shares of Target in a research report on Thursday, July 17th. UBS Group lowered their price objective on Target from $135.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, August 21st. Finally, Wells Fargo & Company lowered their price objective on Target from $135.00 to $115.00 and set an “overweight” rating on the stock in a research report on Thursday, May 22nd. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $113.74.

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.

About Target

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.