Target (TGT)

• Market cap: $60.2B
• 1 day: 0.81%
• 5 days: -1.55%
• 1 month: 8.02%
• 3 months: -15.04%
• 6 months: -8.30%
• Year to date: -8.12%
• 1 year: -3.96%
• 5 years: 1.80%
• 10 years: 76.48%
• Sector: Consumer Staples
• Industry: Variety Stores

About: Target serves as the nation's seventh-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 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 Q3 regulatory filings by fund managers ($100M+ AUM)

20% more first-time investments, than exits

New positions opened: 168 | Existing positions closed: 140

1% more funds holding

Funds holding: 1,930 [Q2] → 1,958 (+28) [Q3]

2% more capital invested

Capital invested by funds: $57.2B [Q2] → $58.1B (+$953M) [Q3]

0% less repeat investments, than reductions

Existing positions increased: 767 | Existing positions reduced: 768

2.12% less ownership

Funds ownership: 82.95% [Q2] → 80.83% (-2.12%) [Q3]

7% less funds holding in top 10

Funds holding in top 10: 14 [Q2] → 13 (-1) [Q3]

23% less call options, than puts

Call options by funds: $2.44B | Put options by funds: $3.15B

Research analyst outlook

17 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $108 18% downside
• Avg. target: $143 9% upside
• High target: $180 37% upside

17 analyst ratings

• positive: 6 35%
• neutral: 11 65%
• negative: 0 0%

Stifel Mark Astrachan 45% 1-year accuracy 13 / 29 met price target	10% upside $145	Hold Maintained	10 Dec 2024
Daiwa Capital Kahori Tamada 0 / 0 met price target	1% downside $130	Neutral Downgraded	26 Nov 2024
Oppenheimer Rupesh Parikh 73% 1-year accuracy 24 / 33 met price target	25% upside $165	Outperform Reiterated	25 Nov 2024
Guggenheim Robert Drbul 55% 1-year accuracy 18 / 33 met price target	10% upside $145	Buy Maintained	21 Nov 2024
TD Cowen Oliver Chen 48% 1-year accuracy 15 / 31 met price target	10% upside $145	Hold Maintained	21 Nov 2024