Lido Advisors LLC Buys 21,284 Shares of Target Corporation $TGT

Lido Advisors LLC increased its position in Target Corporation (NYSE:TGT) by 8.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 267,187 shares of the retailer’s stock after buying an additional 21,284 shares during the period. Lido Advisors LLC owned about 0.06% of Target worth $26,358,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TGT. 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 buying an additional 102 shares during the period. Kozak & Associates Inc. lifted its position 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 last quarter. Investment Research & Advisory Group Inc. purchased a new stake in shares of Target during the second quarter valued at $29,000. Global Assets Advisory LLC purchased a new position in Target in the 2nd quarter worth about $31,000. Finally, WPG Advisers LLC bought a new stake in Target during the 1st quarter valued at about $32,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Stock Up 1.2%

Shares of TGT opened at $90.85 on Friday. The firm has a market cap of $41.28 billion, a PE ratio of 10.59, a price-to-earnings-growth 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. The company’s fifty day moving average is $90.07 and its two-hundred day moving average is $95.57. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $145.08.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, November 19th. The retailer reported $1.78 EPS for the quarter, topping the consensus estimate of $1.71 by $0.07. Target had a return on equity of 23.43% and a net margin of 3.72%.The firm had revenue of $25.27 billion for the quarter, compared to analyst estimates of $25.44 billion. During the same period in the previous year, the company posted $1.85 EPS. Target’s revenue for the quarter was down 1.6% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-8.000 EPS. Analysts forecast that Target Corporation will post 8.69 earnings per share for the current year.

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be paid a $1.14 dividend. The ex-dividend date is Wednesday, November 12th. This is a positive change from Target’s previous quarterly dividend of $1.12. This represents a $4.56 dividend on an annualized basis and a yield of 5.0%. Target’s dividend payout ratio (DPR) is 55.34%.

Wall Street Analyst Weigh In

TGT has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Target from a “sell” rating to a “hold” rating in a report on Sunday, August 17th. Evercore ISI restated a “positive” rating and issued a $100.00 price objective on shares of Target in a research note on Thursday, November 20th. Citigroup dropped their target price on Target from $100.00 to $89.00 and set a “neutral” rating on the stock in a research report on Thursday, November 20th. Sanford C. Bernstein decreased their price objective on shares of Target from $87.00 to $80.00 and set an “underperform” rating for the company in a research note on Thursday, November 20th. Finally, Robert W. Baird reduced their target price on shares of Target from $100.00 to $92.00 and set a “neutral” rating for the company in a report on Thursday, November 20th. Ten investment analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $102.00.

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.