Vise Technologies Inc. Invests $1.25 Million in Target Corporation $TGT

Vise Technologies Inc. purchased a new stake in Target Corporation (NYSE:TGT) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 12,620 shares of the retailer’s stock, valued at approximately $1,245,000.

Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Target by 407.8% during 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 purchasing an additional 12,825,586 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of Target in the 2nd quarter valued at about $595,839,000. Pacer Advisors Inc. lifted its stake in shares of Target by 1,364.3% during the 1st quarter. Pacer Advisors Inc. now owns 3,289,692 shares of the retailer’s stock worth $343,312,000 after buying an additional 3,065,035 shares during the last quarter. Nuveen LLC bought a new stake in shares of Target during the first quarter worth approximately $186,361,000. Finally, Goldman Sachs Group Inc. increased its position in Target by 35.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer’s stock worth $560,420,000 after buying an additional 1,406,653 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TGT. Piper Sandler reissued a “neutral” rating on shares of Target in a report on Tuesday, July 29th. Barclays reaffirmed an “underweight” rating and set a $91.00 target price on shares of Target in a research note on Monday, July 21st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Target in a report on Wednesday, October 8th. Zacks Research cut shares of Target from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 4th. Finally, Citigroup increased their price objective on Target from $94.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, August 22nd. Nine analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $108.71.

Target Price Performance

Target stock opened at $92.45 on Thursday. The business’s 50 day simple moving average is $90.64 and its 200 day simple moving average is $96.29. Target Corporation has a 12 month low of $85.36 and a 12 month high of $158.42. The company has a market cap of $42.01 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 2.74 and a beta of 1.19. 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 posted its quarterly earnings results 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 company had revenue of $24.99 billion for the quarter, compared to analyst estimates of $24.84 billion. Target had a net margin of 3.72% and a return on equity of 23.43%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Sell-side analysts forecast that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be given a dividend of $1.14 per share. This is a boost from Target’s previous quarterly dividend of $1.12. The ex-dividend date is Wednesday, November 12th. This represents a $4.56 annualized dividend and a dividend yield of 4.9%. Target’s dividend payout ratio is currently 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.