New Hampshire Trust Increases Stock Holdings in Target Corporation $TGT

New Hampshire Trust lifted its stake in shares of Target Corporation (NYSE:TGT) by 8.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,079 shares of the retailer’s stock after buying an additional 493 shares during the quarter. New Hampshire Trust’s holdings in Target were worth $600,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings 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 acquiring an additional 12,825,586 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of Target in the 2nd quarter valued at approximately $595,839,000. Pacer Advisors Inc. increased its holdings 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 acquiring an additional 3,065,035 shares during the last quarter. Nuveen LLC bought a new stake in shares of Target in the 1st quarter valued at approximately $186,361,000. Finally, Goldman Sachs Group Inc. increased its holdings 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 acquiring an additional 1,406,653 shares during the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Stock Up 0.1%

Shares of Target stock opened at $94.34 on Friday. The stock’s fifty day moving average is $91.98 and its 200-day moving average is $96.40. The firm has a market capitalization of $42.87 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 2.74 and a beta of 1.18. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. Target Corporation has a 12-month low of $85.36 and a 12-month high of $158.42.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share 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%.Target’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Equities analysts anticipate that Target Corporation will post 8.69 earnings per share for the current year.

Target Increases Dividend

The company also recently announced 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 represents a $4.56 dividend on an annualized basis and a yield of 4.8%. This is an increase from Target’s previous quarterly dividend of $1.12. The ex-dividend date is Wednesday, November 12th. Target’s dividend payout ratio is presently 53.15%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TGT. Weiss Ratings reiterated a “hold (c-)” rating on shares of Target in a report on Friday. DA Davidson reduced their price target on Target from $115.00 to $108.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Piper Sandler reiterated a “neutral” rating on shares of Target in a research report on Tuesday, July 29th. Wedbush reiterated an “outperform” rating on shares of Target in a research report on Thursday, July 17th. Finally, Royal Bank Of Canada boosted their price target on Target from $104.00 to $107.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Nine equities research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $109.00.

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.