Target Corporation $TGT Shares Purchased by Pzena Investment Management LLC

Pzena Investment Management LLC boosted its holdings in shares of Target Corporation (NYSE:TGT) by 6.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 366,820 shares of the retailer’s stock after acquiring an additional 21,691 shares during the period. Pzena Investment Management LLC owned 0.08% of Target worth $36,187,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Kozak & Associates Inc. grew its stake in Target by 2,530.0% during the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after acquiring an additional 253 shares in the last quarter. Raleigh Capital Management Inc. grew its stake in Target by 63.4% during the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after acquiring an additional 102 shares in the last quarter. Investment Research & Advisory Group Inc. purchased a new stake in Target during the 2nd quarter valued at about $29,000. WPG Advisers LLC purchased a new stake in Target during the 1st quarter valued at about $32,000. Finally, Global Assets Advisory LLC purchased a new stake in Target during the 2nd quarter valued at about $31,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Performance

Target stock opened at $85.79 on Monday. The firm has a 50 day simple moving average of $94.48 and a 200-day simple moving average of $96.82. Target Corporation has a 1-year low of $85.36 and a 1-year high of $161.50. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32. The stock has a market cap of $38.98 billion, a price-to-earnings ratio of 10.00, a price-to-earnings-growth ratio of 2.48 and a beta of 1.18.

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

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be issued a $1.14 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $4.56 annualized dividend and a dividend yield of 5.3%. This is an increase from Target’s previous quarterly dividend of $1.12. Target’s dividend payout ratio (DPR) is currently 53.15%.

Analyst Upgrades and Downgrades

TGT has been the subject of several research reports. Wolfe Research initiated coverage on shares of Target in a research note on Thursday, September 18th. They set an “underperform” rating and a $80.00 price objective for the company. Guggenheim reaffirmed a “buy” rating and set a $115.00 price objective on shares of Target in a research note on Thursday, August 21st. Citigroup increased their price target on shares of Target from $94.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, August 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Target in a research note on Wednesday, October 8th. Finally, Wedbush reissued an “outperform” rating on shares of Target in a research note on Thursday, July 17th. Nine research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $109.65.

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.