2,100 Shares in Target Corporation $TGT Bought by Sumitomo Mitsui Financial Group Inc.

Sumitomo Mitsui Financial Group Inc. purchased a new stake in shares of Target Corporation (NYSE:TGT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,100 shares of the retailer’s stock, valued at approximately $208,000.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on TGT shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Target in a research report on Wednesday, October 8th. Telsey Advisory Group reiterated a “market perform” rating and issued a $110.00 price objective on shares of Target in a report on Friday, November 14th. UBS Group lowered their target price on Target from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, August 21st. Citigroup dropped their target price on Target from $100.00 to $89.00 and set a “neutral” rating on the stock in a research report on Thursday, November 20th. Finally, DA Davidson reissued a “buy” rating and issued a $108.00 price target on shares of Target in a report on Thursday, November 20th. Ten research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Target currently has a consensus rating of “Hold” and a consensus target price of $102.00.

Target Trading Up 3.8%

NYSE:TGT opened at $89.83 on Thursday. 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 52 week low of $83.44 and a 52 week high of $145.08. The business’s 50 day moving average is $90.01 and its two-hundred day moving average is $95.70. The company has a market cap of $40.82 billion, a PE ratio of 10.47, a P/E/G ratio of 2.74 and a beta of 1.19.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 19th. The retailer reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.07. The firm had revenue of $25.27 billion for the quarter, compared to analysts’ expectations of $25.44 billion. Target had a net margin of 3.72% and a return on equity of 23.43%. Target’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the company posted $1.85 earnings per share. Target has set its FY 2025 guidance at 7.000-8.000 EPS. On average, analysts predict that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be given a $1.14 dividend. This is a boost from Target’s previous quarterly dividend of $1.12. This represents a $4.56 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Wednesday, November 12th. Target’s dividend payout ratio is 55.34%.

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.