Spirit of America Management Corp NY Has $74,000 Holdings in Target Corporation $TGT

Spirit of America Management Corp NY trimmed its position in shares of Target Corporation (NYSE:TGT) by 91.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 830 shares of the retailer’s stock after selling 9,000 shares during the period. Spirit of America Management Corp NY’s holdings in Target were worth $74,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TGT. Vanguard Group Inc. increased its stake in shares of Target by 14.7% during the 2nd quarter. Vanguard Group Inc. now owns 51,444,338 shares of the retailer’s stock worth $5,074,984,000 after purchasing an additional 6,607,982 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in Target during the second quarter worth approximately $595,839,000. Norges Bank bought a new stake in Target in the second quarter valued at approximately $578,009,000. State Street Corp lifted its position in shares of Target by 4.3% in the second quarter. State Street Corp now owns 36,736,101 shares of the retailer’s stock valued at $3,624,016,000 after buying an additional 1,529,026 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Target by 133.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,223,776 shares of the retailer’s stock valued at $219,376,000 after buying an additional 1,273,129 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on TGT. Bank of America decreased their target price on Target from $93.00 to $80.00 and set an “underperform” rating on the stock in a report on Thursday, November 20th. Telsey Advisory Group reiterated a “market perform” rating and issued a $110.00 price objective on shares of Target in a report on Friday, November 14th. Royal Bank Of Canada cut their target price on shares of Target from $107.00 to $99.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. BMO Capital Markets dropped their target price on Target from $95.00 to $90.00 and set a “market perform” rating for the company in a report on Thursday, November 20th. Finally, Guggenheim reaffirmed a “buy” rating and set a $115.00 target price on shares of Target in a research note on Monday, October 27th. Ten analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $102.62.

Target Trading Up 3.1%

Shares of NYSE TGT opened at $99.54 on Friday. The firm has a 50 day moving average price of $92.65 and a two-hundred day moving average price of $95.52. The stock has a market cap of $45.07 billion, a P/E ratio of 12.08, a price-to-earnings-growth ratio of 10.50 and a beta of 1.13. Target Corporation has a 52-week low of $83.44 and a 52-week high of $145.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.27 and a current ratio of 0.97.

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

Target 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.