CX Institutional Buys 1,901 Shares of Target Corporation $TGT

CX Institutional raised its stake in Target Corporation (NYSE:TGT) by 99.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 3,812 shares of the retailer’s stock after purchasing an additional 1,901 shares during the quarter. CX Institutional’s holdings in Target were worth $376,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TGT. Charles Schwab Investment Management Inc. boosted 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 purchasing an additional 12,825,586 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Target in the 2nd quarter valued at $595,839,000. Goldman Sachs Group Inc. boosted 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 purchasing an additional 1,406,653 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Target by 7.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,194,231 shares of the retailer’s stock valued at $542,020,000 after purchasing an additional 370,967 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Target by 6.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,028,486 shares of the retailer’s stock valued at $420,413,000 after purchasing an additional 229,670 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Stock Up 1.0%

Shares of NYSE TGT opened at $88.04 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99. Target Corporation has a 12 month low of $86.30 and a 12 month high of $161.50. The firm has a market capitalization of $40.01 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 2.51 and a beta of 1.16. The firm has a fifty day simple moving average of $97.53 and a two-hundred day simple moving average of $98.08.

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

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be issued a $1.14 dividend. This is a boost from Target’s previous quarterly dividend of $1.12. The ex-dividend date is Wednesday, November 12th. This represents a $4.56 annualized dividend and a yield of 5.2%. Target’s dividend payout ratio (DPR) is currently 53.15%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TGT. Citigroup upped their price objective on shares of Target from $94.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, August 22nd. Evercore ISI cut their price objective on shares of Target from $106.00 to $105.00 and set an “in-line” rating for the company in a research note on Tuesday. Piper Sandler reaffirmed a “neutral” rating on shares of Target in a research note on Tuesday, July 29th. Loop Capital set a $95.00 price target on shares of Target in a research report on Thursday, July 17th. Finally, Guggenheim reissued a “buy” rating and set a $115.00 price target on shares of Target in a research report on Thursday, August 21st. Nine equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $110.48.

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.