Target Corporation $TGT Shares Bought by Albion Financial Group UT

Albion Financial Group UT grew its holdings in shares of Target Corporation (NYSE:TGT) by 17.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,693 shares of the retailer’s stock after purchasing an additional 5,359 shares during the period. Albion Financial Group UT’s holdings in Target were worth $3,521,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Punch & Associates Investment Management Inc. increased its holdings in shares of Target by 48.1% during the first quarter. Punch & Associates Investment Management Inc. now owns 84,190 shares of the retailer’s stock valued at $8,786,000 after purchasing an additional 27,329 shares during the period. DSG Capital Advisors LLC grew its holdings in Target by 16.1% during the first quarter. DSG Capital Advisors LLC now owns 156,644 shares of the retailer’s stock worth $16,347,000 after acquiring an additional 21,726 shares during the period. Viking Fund Management LLC grew its holdings in Target by 20.0% during the first quarter. Viking Fund Management LLC now owns 60,000 shares of the retailer’s stock worth $6,262,000 after acquiring an additional 10,000 shares during the period. Correct Capital Wealth Management grew its holdings in Target by 44.7% during the first quarter. Correct Capital Wealth Management now owns 13,556 shares of the retailer’s stock worth $1,415,000 after acquiring an additional 4,189 shares during the period. Finally, PDT Partners LLC acquired a new position in Target during the first quarter worth about $4,623,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TGT shares. Barclays reaffirmed an “underweight” rating and set a $91.00 target price on shares of Target in a report on Monday, July 21st. Jefferies Financial Group decreased their price target on Target from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, August 20th. Wall Street Zen upgraded Target from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. Wolfe Research started coverage on Target in a research report on Thursday, September 18th. They issued an “underperform” rating and a $80.00 price target for the company. Finally, Piper Sandler reiterated a “neutral” rating on shares of Target in a research report on Tuesday, July 29th. Nine investment analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $110.48.

Target Trading Up 1.0%

Shares of NYSE TGT opened at $88.04 on Monday. Target Corporation has a one year low of $86.30 and a one year high of $161.50. The firm has a market capitalization of $40.01 billion, a PE ratio of 10.26, a PEG ratio of 2.53 and a beta of 1.16. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99. The business has a 50-day moving average price of $97.53 and a two-hundred day moving average price of $97.97.

Target (NYSE:TGT) last announced 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. Target had a return on equity of 23.43% and a net margin of 3.72%.The firm had revenue of $24.99 billion during the quarter, compared to analyst estimates of $24.84 billion. During the same period last year, the company posted $2.57 EPS. The business’s quarterly revenue was down .9% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, analysts predict that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be issued a dividend of $1.14 per share. The ex-dividend date is Wednesday, November 12th. This represents a $4.56 annualized dividend and a dividend yield of 5.2%. This is a positive change from Target’s previous quarterly dividend of $1.12. Target’s dividend payout ratio is presently 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.