Traub Capital Management LLC Takes $173,000 Position in Target Corporation $TGT

Traub Capital Management LLC bought a new position in shares of Target Corporation (NYSE:TGT) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,749 shares of the retailer’s stock, valued at approximately $173,000.

Several other large investors have also modified their holdings of the business. Kozak & Associates Inc. grew its holdings in Target by 2,530.0% during 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 last quarter. Raleigh Capital Management Inc. boosted its stake 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 acquiring an additional 102 shares during the last quarter. Investment Research & Advisory Group Inc. purchased a new stake in Target during the 2nd quarter worth about $29,000. WPG Advisers LLC acquired a new position in Target in the 1st quarter valued at about $32,000. Finally, Global Assets Advisory LLC acquired a new position in Target in the 2nd quarter valued at about $31,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Price Performance

TGT opened at $85.94 on Thursday. Target Corporation has a 52-week low of $85.30 and a 52-week high of $145.08. The company has a 50 day moving average of $90.34 and a two-hundred day moving average of $96.02. The company has a market cap of $39.05 billion, a P/E ratio of 10.02, a P/E/G ratio of 2.74 and a beta of 1.19. 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 (NYSE:TGT) last announced its quarterly earnings results on Wednesday, November 19th. The retailer reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.07. Target had a net margin of 3.72% and a return on equity of 23.43%. The firm had revenue of $25.28 billion during the quarter, compared to analysts’ expectations of $25.44 billion. During the same period in the prior year, the company earned $1.85 EPS. The firm’s revenue was down 1.6% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-8.000 EPS. On average, analysts expect that Target Corporation will post 8.69 earnings per share for the current year.

Target Increases Dividend

The company also recently disclosed 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 represents a $4.56 annualized dividend and a yield of 5.3%. This is a positive change 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 53.15%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TGT shares. Guggenheim reiterated a “buy” rating and set a $115.00 price target on shares of Target in a report on Monday, October 27th. JPMorgan Chase & Co. cut their price target on Target from $117.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Bank of America reissued an “underperform” rating and set a $93.00 price target (down previously from $105.00) on shares of Target in a research note on Friday, August 15th. Jefferies Financial Group lowered their price objective on Target from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, August 20th. Finally, UBS Group dropped their target price on Target from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, August 21st. Nine research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, Target has a consensus rating of “Hold” and a consensus price target of $106.45.

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.