Target Corporation $TGT Shares Bought by Vest Financial LLC

Vest Financial LLC raised its holdings in Target Corporation (NYSE:TGT) by 49.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 584,572 shares of the retailer’s stock after purchasing an additional 193,474 shares during the period. Vest Financial LLC owned about 0.13% of Target worth $57,668,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Yousif Capital Management LLC grew its holdings in Target by 3.5% in the second quarter. Yousif Capital Management LLC now owns 122,358 shares of the retailer’s stock valued at $12,071,000 after purchasing an additional 4,110 shares during the period. Pzena Investment Management LLC grew its holdings in Target by 6.3% in the second quarter. Pzena Investment Management LLC now owns 366,820 shares of the retailer’s stock valued at $36,187,000 after purchasing an additional 21,691 shares during the period. Welch Group LLC grew its holdings in Target by 14.4% in the second quarter. Welch Group LLC now owns 61,631 shares of the retailer’s stock valued at $6,080,000 after purchasing an additional 7,744 shares during the period. Sharp Financial Services LLC acquired a new stake in shares of Target in the second quarter worth approximately $266,000. Finally, OFI Invest Asset Management boosted its stake in shares of Target by 88.4% in the second quarter. OFI Invest Asset Management now owns 989 shares of the retailer’s stock worth $98,000 after acquiring an additional 464 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TGT has been the topic of a number of research analyst reports. Loop Capital set a $95.00 price target on Target in a research note on Thursday, July 17th. Wedbush reaffirmed an “outperform” rating on shares of Target in a research note on Thursday, July 17th. Citigroup lifted their price target on Target from $94.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, August 22nd. Royal Bank Of Canada lifted their price target on Target from $104.00 to $107.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Finally, Evercore ISI lowered their price target on Target from $105.00 to $103.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 7th. Nine analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $109.65.

Target Stock Performance

NYSE TGT opened at $85.79 on Monday. The stock’s fifty day moving average is $94.48 and its two-hundred day moving average is $96.82. The firm has a market capitalization of $38.98 billion, a P/E ratio of 10.00, a price-to-earnings-growth ratio of 2.48 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 fifty-two week low of $85.36 and a fifty-two week high of $161.50.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, beating the consensus estimate of $2.04 by $0.01. Target had a return on equity of 23.43% and a net margin of 3.72%.The business had revenue of $24.99 billion for the quarter, compared to analyst estimates of $24.84 billion. During the same quarter in the prior year, the company posted $2.57 EPS. The company’s quarterly revenue was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, research analysts anticipate that Target Corporation will post 8.69 earnings per share for the current year.

Target Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be paid a $1.14 dividend. This is a boost 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 dividend yield of 5.3%. Target’s dividend payout ratio is currently 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.