Level Four Advisory Services LLC Has $4.64 Million Stock Holdings in Target Corporation $TGT

Level Four Advisory Services LLC boosted its position in shares of Target Corporation (NYSE:TGT) by 18.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,049 shares of the retailer’s stock after purchasing an additional 7,297 shares during the quarter. Level Four Advisory Services LLC’s holdings in Target were worth $4,641,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of TGT. Vanguard Group Inc. increased its position in shares of Target by 14.7% in the 2nd quarter. Vanguard Group Inc. now owns 51,444,338 shares of the retailer’s stock valued at $5,074,984,000 after buying an additional 6,607,982 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Target by 1.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 16,247,590 shares of the retailer’s stock valued at $1,602,825,000 after acquiring an additional 277,176 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in shares of Target in the second quarter worth about $595,839,000. Goldman Sachs Group Inc. increased its holdings in shares of Target by 35.5% in the first quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer’s stock worth $560,420,000 after acquiring an additional 1,406,653 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Target by 7.7% during the first quarter. Dimensional Fund Advisors LP now owns 5,194,231 shares of the retailer’s stock worth $542,020,000 after purchasing an additional 370,967 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Performance

Shares of TGT stock opened at $90.85 on Friday. Target Corporation has a 12 month low of $83.44 and a 12 month high of $145.08. The company’s fifty day simple moving average is $90.07 and its 200-day simple moving average is $95.59. The firm has a market cap of $41.28 billion, a PE ratio of 10.59, a P/E/G ratio of 2.74 and a beta of 1.19. 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 (NYSE:TGT) last released its earnings results on Wednesday, November 19th. The retailer reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.07. Target had a net margin of 3.72% and a return on equity of 23.43%. The business had revenue of $25.27 billion during the quarter, compared to the consensus estimate of $25.44 billion. During the same quarter last year, the firm earned $1.85 earnings per share. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-8.000 EPS. Equities research analysts expect that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be given a $1.14 dividend. This is an increase from Target’s previous quarterly dividend of $1.12. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Wednesday, November 12th. Target’s dividend payout ratio (DPR) is presently 55.34%.

Wall Street Analyst Weigh In

TGT has been the subject of several research analyst reports. Roth Capital set a $88.00 price objective on Target in a research report on Thursday, November 20th. Wall Street Zen raised shares of Target from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. Evercore ISI reissued a “positive” rating and set a $100.00 price objective on shares of Target in a research report on Thursday, November 20th. Royal Bank Of Canada cut their price objective on shares of Target from $107.00 to $99.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Finally, BMO Capital Markets reduced their target price on shares of Target from $95.00 to $90.00 and set a “market perform” rating for the company in a research note on Thursday, November 20th. Ten investment analysts have rated the stock with a Buy rating, twenty have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $102.00.

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.