Target Corporation $TGT Shares Acquired by LSV Asset Management

LSV Asset Management boosted its stake in Target Corporation (NYSE:TGT) by 73.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 928,780 shares of the retailer’s stock after buying an additional 393,410 shares during the quarter. LSV Asset Management owned approximately 0.20% of Target worth $91,624,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC boosted its stake in shares of Target by 101.3% in the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after purchasing an additional 3,059 shares during the period. Kestra Private Wealth Services LLC grew its position in shares of Target by 11.4% during the first quarter. Kestra Private Wealth Services LLC now owns 46,992 shares of the retailer’s stock worth $4,904,000 after buying an additional 4,821 shares in the last quarter. IFP Advisors Inc raised its holdings in Target by 233.6% in the first quarter. IFP Advisors Inc now owns 15,686 shares of the retailer’s stock valued at $1,637,000 after acquiring an additional 10,984 shares in the last quarter. Twin Capital Management Inc. bought a new stake in shares of Target in the 1st quarter worth about $615,000. Finally, J.W. Cole Advisors Inc. lifted its position in shares of Target by 158.1% during the first quarter. J.W. Cole Advisors Inc. now owns 16,895 shares of the retailer’s stock worth $1,763,000 after purchasing an additional 10,350 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Down 1.5%

NYSE TGT opened at $88.58 on Tuesday. The stock’s 50 day simple moving average is $90.48 and its 200 day simple moving average is $96.15. Target Corporation has a one year low of $85.36 and a one year high of $158.42. The firm has a market cap of $40.25 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 2.74 and a beta of 1.19. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 23.43% and a net margin of 3.72%.The business’s revenue was down .9% on a year-over-year basis. During the same quarter 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. As a group, sell-side analysts forecast that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be given a dividend of $1.14 per share. This is a positive change 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 yield of 5.1%. Target’s dividend payout ratio is currently 53.15%.

Analysts Set New Price Targets

TGT has been the topic of several research reports. Citigroup upped their price target on Target from $94.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, August 22nd. Truist Financial reduced their price objective on Target from $102.00 to $83.00 and set a “hold” rating for the company in a research report on Thursday, October 2nd. Piper Sandler reissued a “neutral” rating on shares of Target in a report on Tuesday, July 29th. Barclays restated an “underweight” rating and issued a $91.00 target price on shares of Target in a research report on Monday, July 21st. Finally, Jefferies Financial Group cut their target price on Target from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, August 20th. Nine investment analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $108.71.

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.