TargetTGT
Market Cap: $70B
About: Target serves as the nation's sixth-largest retailer, with its strategy predicated on delivering a gratifying in-store shopping experience and a wide product assortment of trendy apparel, home goods, and household essentials at competitive prices. Target's upscale and stylish image began to carry national merit in the 1990s—a decade in which the brand saw its top line grow threefold to almost $30 billion—and has since cemented itself as a leading US retailer.Today, Target operates over 1,950 stores in the United States, generates over $100 billion in sales, and fulfills over 2 billion customer orders annually. The firm's vast physical footprint is typically concentrated in urban and suburban markets as the firm seeks to attract a more affluent consumer base.
Employees: 415,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
1% more repeat investments, than reductions
Existing positions increased: 767 | Existing positions reduced: 756
0.97% more ownership
Funds ownership: 80.04% [Q1] → 81.01% (+0.97%) [Q2]
6% less funds holding
Funds holding: 2,021 [Q1] → 1,908 (-113) [Q2]
15% less capital invested
Capital invested by funds: $65.4B [Q1] → $55.8B (-$9.58B) [Q2]
21% less call options, than puts
Call options by funds: $2.13B | Put options by funds: $2.7B
48% less first-time investments, than exits
New positions opened: 122 | Existing positions closed: 235
56% less funds holding in top 10
Funds holding in top 10: 32 [Q1] → 14 (-18) [Q2]
Research analyst outlook
22 Wall Street Analysts provided 1 year price targets over the past 3 months
22 analyst ratings
JP Morgan Christopher Horvers 60% 1-year accuracy 18 / 30 met price target | 10%upside $167 | Neutral Maintained | 29 Aug 2024 |
Citigroup Paul Lejuez 47% 1-year accuracy 15 / 32 met price target | 24%upside $188 | Buy Maintained | 22 Aug 2024 |
Wells Fargo George Kelly 50% 1-year accuracy 24 / 48 met price target | 19%upside $180 | Overweight Maintained | 22 Aug 2024 |
RBC Capital Steven Shemesh 61% 1-year accuracy 27 / 44 met price target | 17%upside $177 | Outperform Maintained | 22 Aug 2024 |
UBS Michael Lasser 58% 1-year accuracy 18 / 31 met price target | 32%upside $200 | Buy Maintained | 22 Aug 2024 |
Financial journalist opinion
Based on 109 articles about TGT published over the past 30 days