Mizuho Markets Americas LLC Trims Position in Target Corporation $TGT

Mizuho Markets Americas LLC cut its holdings in shares of Target Corporation (NYSE:TGT) by 72.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,660 shares of the retailer’s stock after selling 7,104 shares during the period. Mizuho Markets Americas LLC’s holdings in Target were worth $262,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. JNBA Financial Advisors increased its stake in shares of Target by 3.0% during the second quarter. JNBA Financial Advisors now owns 3,347 shares of the retailer’s stock valued at $330,000 after buying an additional 96 shares during the period. Raleigh Capital Management Inc. boosted its position in shares of Target by 63.4% during the second quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after purchasing an additional 102 shares in the last quarter. Guardian Wealth Advisors LLC boosted its position in shares of Target by 2.6% during the first quarter. Guardian Wealth Advisors LLC now owns 4,043 shares of the retailer’s stock valued at $422,000 after purchasing an additional 104 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its position in shares of Target by 9.7% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,203 shares of the retailer’s stock valued at $126,000 after purchasing an additional 106 shares in the last quarter. Finally, Truvestments Capital LLC boosted its position in shares of Target by 21.4% during the first quarter. Truvestments Capital LLC now owns 606 shares of the retailer’s stock valued at $63,000 after purchasing an additional 107 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TGT shares. Evercore ISI dropped their price target on Target from $103.00 to $100.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 14th. Wedbush restated an “outperform” rating on shares of Target in a research report on Thursday, July 17th. Zacks Research upgraded Target from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. Loop Capital set a $95.00 price target on Target in a research report on Thursday, July 17th. Finally, BTIG Research started coverage on Target in a research report on Tuesday, October 14th. They set a “neutral” rating on the stock. 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 data from MarketBeat.com, Target presently has an average rating of “Hold” and an average price target of $109.00.

Target Trading Down 0.7%

Target stock opened at $97.06 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99. The business’s fifty day simple moving average is $91.67 and its two-hundred day simple moving average is $96.43. Target Corporation has a 12 month low of $85.36 and a 12 month high of $158.42. The company has a market capitalization of $44.10 billion, a price-to-earnings ratio of 11.31, a price-to-earnings-growth ratio of 2.85 and a beta of 1.18.

Target (NYSE:TGT) last released its earnings results 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 return on equity of 23.43% and a net margin of 3.72%.The business had revenue of $24.99 billion for the quarter, compared to the consensus estimate of $24.84 billion. During the same period in the previous year, the company posted $2.57 earnings per share. The company’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. As a group, equities analysts predict that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be issued a dividend of $1.14 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This is an increase from Target’s previous quarterly dividend of $1.12. This represents a $4.56 dividend on an annualized basis and a dividend yield of 4.7%. Target’s dividend payout ratio is currently 53.15%.

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.