Klein Pavlis & Peasley Financial Inc. Invests $485,000 in Target Corporation $TGT

Klein Pavlis & Peasley Financial Inc. bought a new stake in shares of Target Corporation (NYSE:TGT) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 5,405 shares of the retailer’s stock, valued at approximately $485,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Nations Financial Group Inc. IA ADV raised its stake in shares of Target by 2.2% during the third quarter. Nations Financial Group Inc. IA ADV now owns 11,291 shares of the retailer’s stock valued at $1,013,000 after purchasing an additional 241 shares during the period. 4WEALTH Advisors Inc. boosted its stake in shares of Target by 143.6% in the third quarter. 4WEALTH Advisors Inc. now owns 7,982 shares of the retailer’s stock valued at $716,000 after purchasing an additional 4,705 shares during the period. Community Bank & Trust Waco Texas grew its holdings in Target by 2.1% during the 3rd quarter. Community Bank & Trust Waco Texas now owns 11,398 shares of the retailer’s stock valued at $1,022,000 after purchasing an additional 237 shares in the last quarter. Csenge Advisory Group purchased a new stake in Target during the 3rd quarter worth $200,000. Finally, Washington Capital Management Inc. lifted its holdings in Target by 17.4% in the 3rd quarter. Washington Capital Management Inc. now owns 5,975 shares of the retailer’s stock worth $536,000 after buying an additional 885 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TGT shares. Deutsche Bank Aktiengesellschaft set a $108.00 target price on Target in a research note on Thursday, January 8th. Roth Capital set a $88.00 price objective on Target in a research note on Thursday, November 20th. Bank of America dropped their price objective on Target from $93.00 to $80.00 and set an “underperform” rating on the stock in a report on Thursday, November 20th. DA Davidson set a $120.00 target price on Target in a research note on Monday. Finally, TD Cowen decreased their price target on shares of Target from $105.00 to $90.00 and set a “hold” rating for the company in a research report on Thursday, November 20th. Ten analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Target currently has an average rating of “Hold” and an average price target of $103.67.

Target Stock Performance

Shares of TGT opened at $111.19 on Friday. The stock has a market capitalization of $50.35 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 12.09 and a beta of 1.12. The business’s fifty day moving average price is $95.91 and its 200 day moving average price is $96.22. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.97 and a quick ratio of 0.27. Target Corporation has a 12-month low of $83.44 and a 12-month high of $145.08.

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