Thurston Springer Miller Herd & Titak Inc. Reduces Position in Target Corporation $TGT

Thurston Springer Miller Herd & Titak Inc. lowered its position in Target Corporation (NYSE:TGT) by 94.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 412 shares of the retailer’s stock after selling 6,697 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Target were worth $37,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wolfe Research started coverage on shares of Target in a research note on Thursday, September 18th. They set an “underperform” rating and a $80.00 target price for the company. Cowen reaffirmed a “hold” rating on shares of Target in a research report on Monday, November 10th. Sanford C. Bernstein reduced their price objective on shares of Target from $87.00 to $80.00 and set an “underperform” rating for the company in a report on Thursday, November 20th. Citigroup reduced their target price 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. Finally, Piper Sandler reiterated a “neutral” rating and set a $85.00 price target (down previously from $94.00) on shares of Target in a research report on Thursday, November 20th. Ten analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $102.62.

Target Trading Up 0.5%

Shares of TGT stock opened at $99.10 on Friday. The stock has a 50-day moving average of $91.73 and a 200-day moving average of $95.46. The company has a current ratio of 0.97, a quick ratio of 0.27 and a debt-to-equity ratio of 0.99. Target Corporation has a 1-year low of $83.44 and a 1-year high of $145.08. The stock has a market cap of $44.87 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 10.73 and a beta of 1.13.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 19th. The retailer reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.07. The firm had revenue of $25.27 billion for the quarter, compared to analyst estimates of $25.44 billion. Target had a return on equity of 22.74% and a net margin of 3.58%.The company’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.85 earnings per share. Target has set its FY 2025 guidance at 7.000-8.000 EPS. On average, equities research analysts forecast that Target Corporation will post 8.69 earnings per share for the current year.

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.