Venturi Wealth Management LLC Buys 886 Shares of Target Corporation $TGT

Venturi Wealth Management LLC increased its stake in Target Corporation (NYSE:TGT) by 8.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,786 shares of the retailer’s stock after buying an additional 886 shares during the period. Venturi Wealth Management LLC’s holdings in Target were worth $1,163,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Target by 407.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 15,970,414 shares of the retailer’s stock valued at $1,666,672,000 after purchasing an additional 12,825,586 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in shares of Target during the second quarter valued at approximately $595,839,000. Pacer Advisors Inc. lifted its holdings in shares of Target by 1,364.3% during the first quarter. Pacer Advisors Inc. now owns 3,289,692 shares of the retailer’s stock valued at $343,312,000 after purchasing an additional 3,065,035 shares during the last quarter. Nuveen LLC purchased a new position in shares of Target during the first quarter valued at approximately $186,361,000. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Target by 35.5% during the first quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer’s stock valued at $560,420,000 after purchasing an additional 1,406,653 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group reduced their price target on shares of Target from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, August 20th. Piper Sandler reissued a “neutral” rating on shares of Target in a research report on Tuesday, July 29th. Wall Street Zen raised shares of Target from a “sell” rating to a “hold” rating in a research report on Sunday, August 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 research report on Thursday, August 21st. Finally, Wedbush reissued an “outperform” rating on shares of Target in a research report on Thursday, July 17th. Nine investment analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Target presently has an average rating of “Hold” and a consensus target price of $109.65.

Target Stock Up 1.2%

Shares of TGT stock opened at $90.35 on Thursday. The company has a market capitalization of $41.06 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 2.58 and a beta of 1.18. Target Corporation has a one year low of $86.30 and a one year high of $161.50. The company’s fifty day moving average price is $94.99 and its 200-day moving average price is $97.22. 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 announced its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, beating the consensus estimate of $2.04 by $0.01. The firm had revenue of $24.99 billion for 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%. The company’s revenue was down .9% on a year-over-year basis. During the same period last year, the firm earned $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Sell-side analysts expect that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be given a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Wednesday, November 12th. This is a positive change from Target’s previous quarterly dividend of $1.12. Target’s payout ratio is 53.15%.

Target 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.