Target Corporation $TGT Shares Sold by Cohen Klingenstein LLC

Cohen Klingenstein LLC decreased its holdings in shares of Target Corporation (NYSE:TGT) by 3.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,572 shares of the retailer’s stock after selling 833 shares during the quarter. Cohen Klingenstein LLC’s holdings in Target were worth $2,325,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Kozak & Associates Inc. boosted its position in shares of Target by 2,530.0% in the second quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock worth $27,000 after acquiring an additional 253 shares during the last quarter. Raleigh Capital Management Inc. raised its stake in Target by 63.4% during the second 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. Investment Research & Advisory Group Inc. acquired a new position in shares of Target in the 2nd quarter valued at $29,000. WPG Advisers LLC acquired a new position in shares of Target in the 1st quarter valued at $32,000. Finally, 1248 Management LLC purchased a new stake in shares of Target during the 1st quarter valued at $38,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Performance

Target stock opened at $89.20 on Thursday. The stock’s 50 day moving average price is $96.56 and its 200 day moving average price is $97.74. The firm has a market capitalization of $40.53 billion, a PE ratio of 10.40, a price-to-earnings-growth ratio of 2.59 and a beta of 1.18. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.32 and a current ratio of 0.99. Target Corporation has a one year low of $86.30 and a one year high of $161.50.

Target (NYSE:TGT) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $24.84 billion. Target had a net margin of 3.72% and a return on equity of 23.43%. Target’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the company 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 expect that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be paid 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 of this dividend is Wednesday, November 12th. This represents a $4.56 annualized dividend and a yield of 5.1%. Target’s payout ratio is presently 53.15%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TGT. Truist Financial increased their target price on Target from $90.00 to $107.00 and gave the stock a “hold” rating in a research report on Wednesday, August 13th. Wolfe Research initiated coverage on Target in a research note on Thursday, September 18th. They issued an “underperform” rating and a $80.00 price objective on the stock. Wedbush reiterated an “outperform” rating on shares of Target in a report on Thursday, July 17th. Royal Bank Of Canada raised their price target on shares of Target from $104.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Finally, Loop Capital set a $95.00 price target on shares of Target in a research report on Thursday, July 17th. Nine investment analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $110.48.

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.