Target Corporation $TGT Shares Bought by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC grew its position in shares of Target Corporation (NYSE:TGT) by 15.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 45,726 shares of the retailer’s stock after purchasing an additional 6,268 shares during the quarter. Patton Albertson Miller Group LLC’s holdings in Target were worth $4,511,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Kozak & Associates Inc. grew its holdings in shares of Target by 2,530.0% in the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock worth $27,000 after acquiring an additional 253 shares during the last quarter. WPG Advisers LLC acquired a new position in shares of Target in the 1st quarter worth $32,000. 1248 Management LLC acquired a new position in shares of Target in the 1st quarter worth $38,000. Atwood & Palmer Inc. grew its holdings in shares of Target by 951.4% in the 1st quarter. Atwood & Palmer Inc. now owns 389 shares of the retailer’s stock worth $41,000 after acquiring an additional 352 shares during the last quarter. Finally, Abound Financial LLC acquired a new position in shares of Target in the 1st quarter worth $43,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada lifted 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. Zacks Research raised Target from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. Barclays reaffirmed an “underweight” rating and issued a $91.00 target price on shares of Target in a research report on Monday, July 21st. Evercore ISI decreased their target price on Target from $106.00 to $105.00 and set an “in-line” rating for the company in a research report on Tuesday, September 23rd. Finally, Guggenheim reaffirmed a “buy” rating and issued a $115.00 target price 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, Target has an average rating of “Hold” and an average target price of $110.48.

Target Price Performance

TGT opened at $88.04 on Friday. Target Corporation has a 1 year low of $86.30 and a 1 year high of $161.50. The stock has a fifty day moving average price of $97.53 and a 200 day moving average price of $98.02. The stock has a market cap of $40.01 billion, a price-to-earnings ratio of 10.26, a PEG ratio of 2.53 and a beta of 1.16. 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 (NYSE:TGT) last announced its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share 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 analysts’ expectations of $24.84 billion. During the same quarter in the previous year, the firm earned $2.57 earnings per share. The business’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. Analysts forecast that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be given a $1.14 dividend. This is an increase from Target’s previous quarterly dividend of $1.12. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Wednesday, November 12th. Target’s payout ratio is presently 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.