Target Corporation $TGT Position Boosted by CW Advisors LLC

CW Advisors LLC raised its holdings in shares of Target Corporation (NYSE:TGT) by 230.1% during the 1st quarter, HoldingsChannel reports. The fund owned 8,235 shares of the retailer’s stock after purchasing an additional 5,740 shares during the period. CW Advisors LLC’s holdings in Target were worth $862,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its stake in shares of Target by 407.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 15,970,414 shares of the retailer’s stock valued at $1,666,672,000 after buying an additional 12,825,586 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Target by 1,364.3% in the 1st quarter. Pacer Advisors Inc. now owns 3,289,692 shares of the retailer’s stock valued at $343,312,000 after buying an additional 3,065,035 shares in the last quarter. Nuveen LLC bought a new stake in shares of Target in the 1st quarter valued at approximately $186,361,000. Ameriprise Financial Inc. grew its stake in shares of Target by 61.2% in the 4th quarter. Ameriprise Financial Inc. now owns 3,968,037 shares of the retailer’s stock valued at $536,407,000 after buying an additional 1,506,275 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Target by 35.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer’s stock valued at $560,420,000 after buying an additional 1,406,653 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Insider Activity at Target

In other news, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $96.18, for a total transaction of $4,328,100.00. Following the completion of the transaction, the insider directly owned 246,453 shares in the company, valued at $23,703,849.54. The trade was a 15.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

TGT has been the subject of several recent research reports. Evercore ISI lowered their price target on Target from $108.00 to $106.00 and set an “in-line” rating for the company in a research note on Thursday, August 21st. Mizuho lowered their price target on Target from $92.00 to $88.00 and set a “neutral” rating for the company in a research note on Thursday, May 22nd. Wall Street Zen raised Target from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. Royal Bank Of Canada boosted their target price on Target from $104.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Finally, Jefferies Financial Group reduced their target price on Target from $120.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, August 20th. Ten investment analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $113.74.

Target Stock Down 2.2%

TGT opened at $97.05 on Tuesday. The business has a 50 day moving average price of $102.06 and a 200 day moving average price of $103.18. Target Corporation has a twelve month low of $87.35 and a twelve month high of $161.84. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.32 and a current ratio of 0.99. The firm has a market cap of $44.10 billion, a P/E ratio of 11.31, a price-to-earnings-growth ratio of 2.86 and a beta of 1.22.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.01. Target had a return on equity of 23.43% and a net margin of 3.72%.The company had revenue of $24.99 billion during the quarter, compared to analyst estimates of $24.84 billion. During the same period in the previous year, the company earned $2.57 earnings per share. The company’s quarterly revenue was down .9% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Research analysts forecast that Target Corporation will post 8.69 EPS for the current year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Wednesday, August 13th will be issued a dividend of $1.12 per share. The ex-dividend date is Wednesday, August 13th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.6%. Target’s payout ratio is 53.15%.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.