Lbp Am Sa Invests $5.43 Million in Target Corporation $TGT

Lbp Am Sa acquired a new position in shares of Target Corporation (NYSE:TGT) in the 2nd quarter, Holdings Channel reports. The fund acquired 55,008 shares of the retailer’s stock, valued at approximately $5,427,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Victrix Investment Advisors boosted its position in shares of Target by 33.0% during the second quarter. Victrix Investment Advisors now owns 17,961 shares of the retailer’s stock worth $1,772,000 after buying an additional 4,459 shares during the period. Columbia Asset Management boosted its position in shares of Target by 9.6% during the second quarter. Columbia Asset Management now owns 40,202 shares of the retailer’s stock worth $3,966,000 after buying an additional 3,535 shares during the period. Cooper Financial Group acquired a new position in shares of Target during the second quarter worth about $263,000. Park Place Capital Corp boosted its position in shares of Target by 179.8% during the second quarter. Park Place Capital Corp now owns 8,852 shares of the retailer’s stock worth $919,000 after buying an additional 5,688 shares during the period. Finally, XML Financial LLC boosted its position in shares of Target by 14.4% during the second quarter. XML Financial LLC now owns 2,388 shares of the retailer’s stock worth $236,000 after buying an additional 300 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Price Performance

NYSE:TGT opened at $89.20 on Thursday. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. The stock’s 50 day moving average price is $96.56 and its two-hundred day moving average price is $97.74. The firm has a market capitalization of $40.53 billion, a price-to-earnings ratio of 10.40, a P/E/G ratio of 2.59 and a beta of 1.18. Target Corporation has a 12-month low of $86.30 and a 12-month high of $161.50.

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

Target Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be paid a $1.14 dividend. This is a positive change from Target’s previous quarterly dividend of $1.12. This represents a $4.56 annualized dividend and a yield of 5.1%. The ex-dividend date is Wednesday, November 12th. Target’s dividend payout ratio is currently 53.15%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TGT shares. Royal Bank Of Canada upped their price objective on Target from $104.00 to $107.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Telsey Advisory Group reissued a “market perform” rating and set a $110.00 price target on shares of Target in a research report on Wednesday, August 20th. UBS Group reduced their price target on Target from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, August 21st. Barclays reissued an “underweight” rating and set a $91.00 price target on shares of Target in a research report on Monday, July 21st. Finally, Jefferies Financial Group reduced their price target on Target from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, August 20th. Nine research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $110.48.

Target Profile

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.