Sachetta LLC Has $120,000 Position in Target Corporation $TGT

Sachetta LLC lowered its stake in shares of Target Corporation (NYSE:TGT) by 31.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,220 shares of the retailer’s stock after selling 549 shares during the period. Sachetta LLC’s holdings in Target were worth $120,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TGT. Raleigh Capital Management Inc. boosted its stake in shares of Target by 63.4% during the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after buying an additional 102 shares during the period. Kozak & Associates Inc. lifted its stake in shares of Target by 2,530.0% in the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after purchasing an additional 253 shares during the last quarter. Investment Research & Advisory Group Inc. acquired a new stake in shares of Target in the 2nd quarter valued at $29,000. Global Assets Advisory LLC acquired a new stake in shares of Target in the 2nd quarter valued at $31,000. Finally, WPG Advisers LLC acquired a new stake in shares of Target in the 1st quarter valued at $32,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Performance

Shares of TGT opened at $89.00 on Tuesday. The company has a market capitalization of $40.44 billion, a PE ratio of 10.37, a price-to-earnings-growth ratio of 2.58 and a beta of 1.18. Target Corporation has a one year low of $86.30 and a one year high of $161.50. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32. The company’s fifty day moving average price is $95.54 and its 200 day moving average price is $97.32.

Target (NYSE:TGT) last announced its earnings results on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, topping the consensus estimate of $2.04 by $0.01. The firm had revenue of $24.99 billion for the quarter, compared to the consensus estimate of $24.84 billion. Target had a net margin of 3.72% and a return on equity of 23.43%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the firm posted $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, 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. Stockholders of record on Wednesday, November 12th will be issued a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Wednesday, November 12th. This is a positive change from Target’s previous quarterly dividend of $1.12. Target’s payout ratio is presently 53.15%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TGT shares. Bank of America reaffirmed an “underperform” rating and issued a $93.00 price objective (down previously from $105.00) on shares of Target in a research note on Friday, August 15th. Barclays reaffirmed an “underweight” rating and issued a $91.00 price objective on shares of Target in a research note on Monday, July 21st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Target in a research note on Saturday, September 27th. Evercore ISI reduced 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, September 23rd. Finally, Wedbush reaffirmed an “outperform” rating on shares of Target in a research note on Thursday, July 17th. Nine research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $109.71.

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.