Verity & Verity LLC Has $15.31 Million Stock Holdings in Target Corporation $TGT

Verity & Verity LLC increased its position in Target Corporation (NYSE:TGT) by 3.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 170,670 shares of the retailer’s stock after purchasing an additional 5,884 shares during the quarter. Verity & Verity LLC’s holdings in Target were worth $15,309,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Target by 14.7% during the second quarter. Vanguard Group Inc. now owns 51,444,338 shares of the retailer’s stock worth $5,074,984,000 after buying an additional 6,607,982 shares during the last quarter. State Street Corp boosted its stake in shares of Target by 4.3% during the 2nd quarter. State Street Corp now owns 36,736,101 shares of the retailer’s stock worth $3,624,016,000 after acquiring an additional 1,529,026 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Target by 1.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 16,247,590 shares of the retailer’s stock worth $1,602,825,000 after acquiring an additional 277,176 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of Target during the 2nd quarter worth approximately $595,839,000. Finally, Norges Bank bought a new stake in Target in the 2nd quarter valued at $578,009,000. Institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Roth Capital set a $88.00 price objective on shares of Target in a research report on Thursday, November 20th. Cowen restated a “hold” rating on shares of Target in a research note on Monday, November 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Target in a research note on Wednesday, October 8th. Piper Sandler restated a “neutral” rating and set a $85.00 price objective (down from $94.00) on shares of Target in a research report on Thursday, November 20th. Finally, BTIG Research started coverage on Target in a report on Tuesday, October 14th. They set a “neutral” rating for the company. Ten investment analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $102.66.

Target Stock Performance

Shares of NYSE:TGT opened at $100.44 on Friday. Target Corporation has a 12-month low of $83.44 and a 12-month high of $145.08. The company’s 50 day moving average price is $93.11 and its two-hundred day moving average price is $95.52. The firm has a market cap of $45.48 billion, a PE ratio of 12.19, a PEG ratio of 10.64 and a beta of 1.12. The company has a quick ratio of 0.27, a current ratio of 0.97 and a debt-to-equity ratio of 0.99.

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 business had revenue of $25.27 billion during the quarter, compared to analysts’ expectations of $25.44 billion. Target had a return on equity of 22.74% and a net margin of 3.58%.The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.85 earnings per share. Target has set its FY 2025 guidance at 7.000-8.000 EPS. Equities research analysts predict that Target Corporation will post 8.69 earnings per share for the current year.

Target Company Profile

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.