Yousif Capital Management LLC Raises Position in Target Corporation $TGT

Yousif Capital Management LLC raised its holdings in Target Corporation (NYSE:TGT) by 3.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 122,358 shares of the retailer’s stock after acquiring an additional 4,110 shares during the quarter. Yousif Capital Management LLC’s holdings in Target were worth $12,071,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. boosted its position in Target by 63.4% in the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after buying an additional 102 shares during the period. Kozak & Associates Inc. boosted its position in Target by 2,530.0% in the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after buying an additional 253 shares during the period. Investment Research & Advisory Group Inc. purchased a new position in Target in the 2nd quarter valued at approximately $29,000. Global Assets Advisory LLC purchased a new position in Target in the 2nd quarter valued at approximately $31,000. Finally, WPG Advisers LLC purchased a new position in Target in the 1st quarter valued at approximately $32,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Price Performance

Shares of TGT opened at $87.29 on Tuesday. Target Corporation has a 1-year low of $85.36 and a 1-year high of $161.50. The stock has a market cap of $39.66 billion, a PE ratio of 10.17, 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 current ratio of 0.99 and a quick ratio of 0.32. The firm has a fifty day moving average price of $94.23 and a 200 day moving average price of $96.71.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.01. The firm had revenue of $24.99 billion during the quarter, compared to analysts’ expectations of $24.84 billion. Target had a net margin of 3.72% and a return on equity of 23.43%. Target’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous 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 anticipate that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders 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. This represents a $4.56 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Wednesday, November 12th. Target’s dividend payout ratio (DPR) is presently 53.15%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TGT shares. UBS Group decreased their price objective on shares of Target from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, August 21st. Bank of America reaffirmed an “underperform” rating and set a $93.00 price objective (down from $105.00) on shares of Target in a research report on Friday, August 15th. Wall Street Zen raised shares of Target from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. Zacks Research raised shares of Target from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. Finally, Jefferies Financial Group decreased their price objective 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. Nine 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 data from MarketBeat, Target presently has a consensus rating of “Hold” and a consensus price target of $109.10.

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.