Linden Thomas Advisory Services LLC Has $1.21 Million Holdings in Target Corporation $TGT

Linden Thomas Advisory Services LLC lifted its stake in shares of Target Corporation (NYSE:TGT) by 13.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,305 shares of the retailer’s stock after acquiring an additional 1,473 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Target were worth $1,214,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TGT. Raleigh Capital Management Inc. lifted its holdings in shares of Target by 63.4% in the second quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after purchasing an additional 102 shares in the last quarter. Kozak & Associates Inc. raised its position in 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 buying an additional 253 shares during the last quarter. Investment Research & Advisory Group Inc. bought a new stake in Target in the 2nd quarter valued at approximately $29,000. Global Assets Advisory LLC acquired a new position in Target during the 2nd quarter worth approximately $31,000. Finally, WPG Advisers LLC bought a new position in shares of Target during the 1st quarter worth approximately $32,000. 79.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

TGT has been the topic of a number of research reports. Truist Financial cut their price objective on shares of Target from $102.00 to $83.00 and set a “hold” rating on the stock in a research report on Thursday, October 2nd. Citigroup boosted their price target on shares of Target from $94.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, August 22nd. BTIG Research assumed coverage on Target in a report on Tuesday, October 14th. They issued a “neutral” rating for the company. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $110.00 target price on shares of Target in a research report on Wednesday, August 20th. 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 investment analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $109.00.

Target Stock Up 0.1%

Shares of TGT stock opened at $94.34 on Monday. Target Corporation has a 52-week low of $85.36 and a 52-week high of $158.42. The stock has a market cap of $42.87 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 2.74 and a beta of 1.18. The firm’s 50-day moving average is $91.98 and its 200-day moving average is $96.40. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.32 and a current ratio of 0.99.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.01. The business had revenue of $24.99 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the company posted $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Sell-side analysts predict that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be issued a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Wednesday, November 12th. This is a boost from Target’s previous quarterly dividend of $1.12. Target’s payout ratio is presently 53.15%.

Target Company 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.