Guggenheim Capital LLC Has $14.17 Million Holdings in Target Corporation $TGT

Guggenheim Capital LLC decreased its holdings in shares of Target Corporation (NYSE:TGT) by 13.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 143,672 shares of the retailer’s stock after selling 22,248 shares during the quarter. Guggenheim Capital LLC’s holdings in Target were worth $14,173,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TGT. Raleigh Capital Management Inc. boosted its stake in shares of Target by 63.4% during the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after buying an additional 102 shares during the last quarter. Kozak & Associates Inc. grew its holdings in shares of Target by 2,530.0% in the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after acquiring an additional 253 shares in the last quarter. Investment Research & Advisory Group Inc. acquired a new stake in shares of Target in the second quarter valued at about $29,000. Global Assets Advisory LLC bought a new stake in Target during the second quarter worth about $31,000. Finally, WPG Advisers LLC acquired a new position in Target during the first quarter valued at approximately $32,000. Institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TGT shares. Weiss Ratings restated a “hold (c-)” rating on shares of Target in a research note on Wednesday, October 8th. Robert W. Baird decreased their target price on shares of Target from $100.00 to $92.00 and set a “neutral” rating for the company in a research note on Thursday, November 20th. JPMorgan Chase & Co. lowered their target price on shares of Target from $117.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Wolfe Research assumed coverage on shares of Target in a research report on Thursday, September 18th. They set an “underperform” rating and a $80.00 price target on the stock. Finally, Cowen reissued a “hold” rating on shares of Target in a research report on Monday, November 10th. Eleven equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $102.79.

Target Trading Up 0.7%

Shares of Target stock opened at $91.55 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.27 and a current ratio of 0.97. The firm has a 50-day moving average of $90.37 and a 200-day moving average of $95.42. Target Corporation has a 52-week low of $83.44 and a 52-week high of $145.08. The stock has a market cap of $41.45 billion, a PE ratio of 11.11, a PEG ratio of 9.89 and a beta of 1.13.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 19th. The retailer reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.07. The business had revenue of $25.27 billion during the quarter, compared to analysts’ expectations of $25.44 billion. Target had a net margin of 3.58% and a return on equity of 22.74%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.85 EPS. Target has set its FY 2025 guidance at 7.000-8.000 EPS. As a group, sell-side analysts forecast that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Wednesday, November 12th were paid a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 5.0%. This is an increase from Target’s previous quarterly dividend of $1.12. The ex-dividend date was Wednesday, November 12th. Target’s dividend payout ratio is presently 55.34%.

Target Company 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.