Rowlandmiller & PARTNERS.ADV Has $823,000 Holdings in Target Corporation $TGT

Rowlandmiller & PARTNERS.ADV cut its holdings in shares of Target Corporation (NYSE:TGT) by 16.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,346 shares of the retailer’s stock after selling 1,655 shares during the quarter. Rowlandmiller & PARTNERS.ADV’s holdings in Target were worth $823,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Centaurus Financial Inc. boosted its position in Target by 2.7% during the 4th quarter. Centaurus Financial Inc. now owns 3,803 shares of the retailer’s stock worth $514,000 after acquiring an additional 99 shares during the period. Guardian Wealth Advisors LLC boosted its position in Target by 2.6% during the 1st quarter. Guardian Wealth Advisors LLC now owns 4,043 shares of the retailer’s stock worth $422,000 after acquiring an additional 104 shares during the period. Cary Street Partners Investment Advisory LLC boosted its position in Target by 9.7% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,203 shares of the retailer’s stock worth $126,000 after acquiring an additional 106 shares during the period. Truvestments Capital LLC boosted its position in Target by 21.4% during the 1st quarter. Truvestments Capital LLC now owns 606 shares of the retailer’s stock worth $63,000 after acquiring an additional 107 shares during the period. Finally, Formidable Asset Management LLC boosted its position in Target by 1.2% during the 1st quarter. Formidable Asset Management LLC now owns 9,696 shares of the retailer’s stock worth $1,012,000 after acquiring an additional 111 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Down 1.6%

Shares of TGT stock opened at $90.03 on Friday. The stock’s 50 day simple moving average is $100.52 and its 200 day simple moving average is $100.14. 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 Corporation has a twelve month low of $87.35 and a twelve month high of $161.50. The company has a market capitalization of $40.91 billion, a price-to-earnings ratio of 10.49, a PEG ratio of 2.64 and a beta of 1.16.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, beating 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 business had revenue of $24.99 billion for the quarter, compared to the consensus estimate of $24.84 billion. During the same period last year, the business earned $2.57 EPS. The firm’s revenue was down .9% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, research analysts predict that Target Corporation will post 8.69 EPS for the current year.

Analyst Ratings Changes

TGT has been the subject of a number of research reports. Mizuho decreased their price objective on Target from $92.00 to $88.00 and set a “neutral” rating for the company in a research report on Thursday, May 22nd. Wall Street Zen raised Target from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. Barclays reaffirmed an “underweight” rating and set a $91.00 price target on shares of Target in a research note on Monday, July 21st. Morgan Stanley cut their price target on Target from $160.00 to $112.00 and set an “overweight” rating for the company in a research note on Thursday, May 22nd. Finally, The Goldman Sachs Group cut their price target on Target from $101.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, May 22nd. Ten investment analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $113.74.

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.