Target Corporation $TGT Shares Bought by Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group grew its holdings in shares of Target Corporation (NYSE:TGT) by 12.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,975 shares of the retailer’s stock after purchasing an additional 987 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Target were worth $885,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Kozak & Associates Inc. raised its holdings in shares of Target by 2,530.0% during the second quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock worth $27,000 after purchasing an additional 253 shares during the period. Raleigh Capital Management Inc. raised its holdings in shares of Target by 63.4% during the second quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after purchasing an additional 102 shares during the period. Investment Research & Advisory Group Inc. acquired a new stake in shares of Target during the second quarter worth $29,000. WPG Advisers LLC acquired a new stake in shares of Target during the first quarter worth $32,000. Finally, Global Assets Advisory LLC acquired a new stake in shares of Target during the second quarter worth $31,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TGT shares. Zacks Research raised shares of Target from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. Citigroup increased their price objective on shares of Target from $94.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, August 22nd. Wall Street Zen raised shares of Target from a “sell” rating to a “hold” rating in a report on Sunday, August 17th. BTIG Research started coverage on shares of Target in a report on Tuesday, October 14th. They issued a “neutral” rating on the stock. Finally, Barclays reaffirmed an “underweight” rating and issued a $91.00 price objective on shares of Target in a report on Monday, July 21st. Nine analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $109.00.

Target Stock Performance

Shares of TGT opened at $94.34 on Monday. The firm has a 50-day moving average price of $91.98 and a 200 day moving average price of $96.40. The firm has a market capitalization of $42.87 billion, a PE ratio of 11.00, a P/E/G ratio of 2.74 and a beta of 1.18. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. Target Corporation has a 52-week low of $85.36 and a 52-week high of $158.42.

Target (NYSE:TGT) last announced its 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. The firm had revenue of $24.99 billion during the quarter, compared to analyst estimates of $24.84 billion. Target had a net margin of 3.72% and a return on equity of 23.43%. Target’s revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, sell-side analysts anticipate that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Increases Dividend

The business also recently announced 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. The ex-dividend date is Wednesday, November 12th. 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. Target’s payout ratio is currently 53.15%.

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.