Target Corporation $TGT Shares Purchased by CVA Family Office LLC

CVA Family Office LLC increased its stake in shares of Target Corporation (NYSE:TGT) by 6.6% in the second quarter, HoldingsChannel.com reports. The firm owned 2,761 shares of the retailer’s stock after buying an additional 171 shares during the period. CVA Family Office LLC’s holdings in Target were worth $272,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in TGT. Charles Schwab Investment Management Inc. boosted its position 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 worth $1,666,672,000 after buying an additional 12,825,586 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Target during the second quarter worth about $595,839,000. Pacer Advisors Inc. boosted its stake in shares of Target by 1,364.3% in 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 period. Nuveen LLC purchased a new position in shares of Target in the first quarter valued at approximately $186,361,000. Finally, Goldman Sachs Group Inc. increased its stake in 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 buying an additional 1,406,653 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Trading Up 0.1%

TGT opened at $94.34 on Friday. The business’s 50-day simple moving average is $91.98 and its 200-day simple moving average is $96.40. The company has a market cap of $42.87 billion, a P/E ratio of 11.00, a PEG ratio of 2.74 and a beta of 1.18. Target Corporation has a one year low of $85.36 and a one year high of $158.42. 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 (NYSE:TGT) last announced its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.01. Target had a return on equity of 23.43% and a net margin of 3.72%.The firm had revenue of $24.99 billion during the quarter, compared to the consensus estimate of $24.84 billion. During the same period in the prior year, the company posted $2.57 earnings per share. The firm’s quarterly revenue was down .9% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, equities research analysts expect that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be given a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a yield of 4.8%. This is a boost from Target’s previous quarterly dividend of $1.12. The ex-dividend date of this dividend is Wednesday, November 12th. Target’s dividend payout ratio is presently 53.15%.

Analysts Set New Price Targets

Several research firms have commented on TGT. Wall Street Zen upgraded shares of Target from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. BTIG Research assumed coverage on Target in a research note on Tuesday, October 14th. They set a “neutral” rating for the company. Barclays reaffirmed an “underweight” rating and issued a $91.00 price target on shares of Target in a research report on Monday, July 21st. Wedbush reiterated an “outperform” rating on shares of Target in a research note on Thursday, July 17th. Finally, Zacks Research upgraded shares of Target from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. Nine research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $109.00.

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.