Phoenix Financial Ltd. Sells 19,425 Shares of Target Corporation $TGT

Phoenix Financial Ltd. lowered its holdings in Target Corporation (NYSE:TGT) by 2.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 702,070 shares of the retailer’s stock after selling 19,425 shares during the period. Phoenix Financial Ltd. owned approximately 0.15% of Target worth $69,259,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its holdings in Target by 407.8% in the 1st 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 period. Kingstone Capital Partners Texas LLC bought a new stake in shares of Target during the 2nd quarter worth approximately $595,839,000. Goldman Sachs Group Inc. lifted its holdings in shares of Target by 35.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer’s stock worth $560,420,000 after acquiring an additional 1,406,653 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Target by 7.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,194,231 shares of the retailer’s stock worth $542,020,000 after acquiring an additional 370,967 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Target by 6.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,028,486 shares of the retailer’s stock worth $420,413,000 after acquiring an additional 229,670 shares during the period. Institutional investors own 79.73% of the company’s stock.

Target Price Performance

TGT stock opened at $91.61 on Tuesday. The company has a 50 day simple moving average of $92.82 and a 200 day simple moving average of $96.34. The stock has a market cap of $41.63 billion, a price-to-earnings ratio of 10.68, a P/E/G ratio of 2.64 and a beta of 1.18. Target Corporation has a 1 year low of $85.36 and a 1 year high of $158.42. 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 released its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.01. The business 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%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Research analysts anticipate that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be given a $1.14 dividend. This is an increase from Target’s previous quarterly dividend of $1.12. The ex-dividend date is Wednesday, November 12th. This represents a $4.56 annualized dividend and a yield of 5.0%. Target’s dividend payout ratio is currently 53.15%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TGT shares. Wall Street Zen raised shares of Target from a “sell” rating to a “hold” rating in a report on Sunday, August 17th. Citigroup upped their price target on shares of Target from $94.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, August 22nd. Loop Capital set a $95.00 price target on shares of Target in a report on Thursday, July 17th. Zacks Research raised shares of Target from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, Wolfe Research assumed coverage on shares of Target in a report on Thursday, September 18th. They set an “underperform” rating and a $80.00 price target for the company. Nine research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Target presently has an average rating of “Hold” and a consensus price target of $109.00.

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.